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Affordable health insurance_verification_services

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Today, healthcare providers are looking for insurance verification services at affordable cost so as to reduce the workload within their facility. Insurance verification services play a major role in a hospital's claims denial management program.

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Affordable health insurance_verification_services

  1. 1. Affordable Health Insurance Verification ServicesPrior to rendering healthcare services, it is veryessential that service providers confirm healthinsurance eligibility of the patients which willsave administrative as well as financial hassleslater. Affordable insurance verification servicesare an ideal solution for those healthcarepractices that cannot afford to waste too muchtime as well as money on insurance eligibilityverification.Affordable health insurance verification services benefit your medical practice verymuch in terms of cost savings, increased revenue, increased productivity, better timemanagement and higher customer loyalty. Today, there are several outsourcingcompanies that will take care of insurance verifications and authorizations for gettingreferrals, avoiding last minute cancellations, and providing accurate billing for youand your insurance company.With the support of health insurance verification specialists, outsourcing companieswork with patients, check for policy changes and updates, complete the paperwork,and verify patient information with the insurance carrier. They verify details such aspayable benefits, co-pays, co-insurances, deductibles, patient policy status, effective 1
  2. 2. date, type of plan and coverage details, plan exclusions, claims mailing address,referrals and pre-authorizations, life time maximum, and more.Comprehensive Validation Process at AffordableRatesAffordable insurance verification services include: • Receiving patient schedules from the hospital or clinics via FTP, email or fax • Verifying patients insurance coverage on all primary and secondary (if applicable) payers • Verifying demographic information • Updating patient accounts • Contacting the patients for additional information if required • Updating the billing system with eligibility and benefits details such as group ID, member ID, coverage start and end dates, co-pay information and much more.What You Can Gain from Affordable HealthInsurance Verification ServicesYou can get maximum benefits by choosing affordable health insurance verificationservices. Listed here are some of the benefits: 2
  3. 3. • Faster billing cycles • Faster, quicker service • Increased clean claim count • Increased cash collection • Reduced rework of claims • Reduced capital costs • Speed up approval and authorization • Simplified workflow • Minimize delays considerably • Reduce your risk factors • No delays in payment • Streamline the entire billing process • Free up workforce to focus on more productive tasks • Maximize office efficiency and economies of scale • Improved staff productivity • Reduced overhead 30 to 40% below operationalIf you are looking to outsource insurance eligibility verification services, then makesure that you choose the best outsourcing company to meet your requirements. Beforehanding over the task of insurance verification services and insurance authorizationto a reliable outsourcing firm, make sure that they • Offer continuous evaluation of each account regarding the amount of returns possible and the timing 3
  4. 4. • Follow all HIPAA guidelines • Provide regular QA checking • Weekly and monthly status reportsOnce you are sure that the task of insurance verification services is entrusted toreliable hands, you can concentrate on patient care and related core activities.For More Information:OutSource Strategies InternationalUnited States Main Office8596 E. 101st Street, Suite HTulsa, OK 74133Phone 800-670-2809http://www.outsourcestrategies.com 4

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