Professionally designed insurance eligibility verification services greatly help medical practices to achieve optimal and timely reimbursement, and thereby enhance their cash inflow and profits.
Eligibility verification services to achieve optimal and timely reimbursement
1. Eligibility Verification Services
To Achieve Optimal and Timely
Reimbursement
To ensure maximum reimbursement,
medical facilities have to confirm the
eligibility of the patient’s insurance
and benefit coverage before starting
any treatment procedures. Medical
insurance verification procedures
are lengthy and time consuming, and
often healthcare experts may not get
enough time to complete these
processes promptly. Accurate
insurance eligibility verification
services from reliable outsourcing companies is the best option
if you are looking to submit claims on time and achieve optimal
and timely reimbursement.
Ensures Accurate Claims and Optimal
Reimbursement Benefits
Often, improper verification of patients’ insurance and benefit
coverage is the major factor that contributes to denial of claims
and delayed payments. Outsourcing insurance benefit
verification tasks to a leading medical billing outsourcing
company will certainly help you obtain maximum
reimbursement on time.
2. Organized insurance verification services also ensure the
following additional benefits:
Reduce time spent following up on claims
Increase the number of clean claims
Improve patient satisfaction
Reduce time spent following up on claims
Improve patient care
Reduce lost revenue in collections
Reduce rejections and denials
Reduce overhead – 30% to 40% below operational costs
Wide Spectrum of Medical Insurance Verification
Services
To provide quality insurance eligibility verification services,
most professional outsourcing companies maintain advanced
infrastructure, the latest software packages and knowledgeable
experts.
The insurance verification specialists in these firms verify each
and every aspect of insurance coverage, check for policy
changes and updates, validate patient information with the
insurance provider, and complete the entire paperwork
efficiently.
3. The most important factors that are verified to determine the
eligibility and acceptance of the claim, as well as to prevent
insurance denials include:
Patient policy status
Claims mailing address
Type of plan and coverage details
Co-pays
Deductibles
Co-insurances
Referrals and pre-authorizations
Effective date
Payable benefits
Plan exclusions
To confirm the insurance eligibility, they also perform
additional health insurance verification services such as:
Contacting patients for additional information
Updating the billing system with eligibility and verification
details
Receiving schedules from the hospital via EDI, email or
fax
4. Customized Solutions at Competitive Charges
Competent service providers ensure remarkable quality
assurance and accurate services. Other features that
distinguish them include:
HIPAA compliance
24X7 professional support
Free trial offer
Competitive pricing
Fast turnaround time
Healthcare entities planning to outsource healthcare insurance
verification tasks must take care to select a dependable
medical billing company. This would ensure customized and
comprehensive insurance eligibility verification services that
could obviously allow you achieve optimal and timely
reimbursement benefits, which would definitely enhance the
overall efficiency and productivity of your healthcare practice at
reduced operational costs.
8596 E. 101st Street,
Suite H,
Tulsa, OK 74133
Main: (800) 670 2809
Fax: (877) 835-5442
E-mail: info@managedoutsource.com
URL:
http://www.outsourcestrategies.com