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Why Choose MGSI
For Healthcare
Eligibility
Verification
Services?
 The first step that helps streamline the claims-
submission process is adopting a high-
quality insurance eligibility verification system.
 However, most healthcare facilities and Providers do
not have the time or labor to focus on such
administrative functions.
 End of the day, it is their revenue cycle that gets
affected badly.
 A survey says that most of the billing errors could be
avoided if healthcare eligibility verification is done
meticulously.
 Medical billing companies are established to do just
that. Right from eligibility verification to
reimbursement, they take care of all your billing
needs. Nonetheless, there is a catch! Choosing the
right medical billing company is important.
 Here are some of the best qualities that a good
medical billing company possesses:
2
• An experienced medical billing company will
follow a systematic procedure to verify
patient demographics. The steps include,
• Acquiring the patient schedule
• Patient information verification with the
insurance policy carrier. The various criterions
verified during this process include payable
benefits, co-insurance, co-pay, deductible,
patient policy status, type of plan, effective
date, coverage details, plan exclusions, and
claims mailing address
• Insurance qualification check in accordance
with HIPAA authorization
• Verify primary and secondary Payers and their
coverage details
• Contact patients in case they require prior
authorization
• Obtain approval by contacting insurance
companies through Phone or online portals 3
Adept Insurance Eligibility Verification:
• By outsourcing, Providers and healthcare practices
can save administrative, labor and overhead costs
• Streamline the overall medical billing process and
ensure error-free claims
• Improve revenue cycle management by drastically
reducing the claim denial rate
• Maximize and expedite cash flow
• Allow Providers to focus more on patient care
4
Benefits of Outsourcing Healthcare
Eligibility Verification:
• There are so many medical billing companies
in the US to choose from, however,
partnering with the right one is the key to
success.
• MGSI will be a prudent choice. The Affordable
Care Act (ACA) has complicated the entire
billing process and insurance eligibility
verification is not an exception.
• Let’s discuss a scenario! When an ACA patient
comes to a Practice, he/she may choose to
have insurance for that particular month and
deny paying premiums for the next couple of
months.
• Once his/her health plan qualifies, the
insurance company will pay for the services
rendered in the first month.
5
Why Choose MGSI?
• However, for the next couple of months, insurance
companies may not pay and the patient will be held
responsible.
• If the patient can’t afford to pay, then Providers will
end up with bad debts. To avoid such cases, proper
healthcare eligibility verification is
required. MGSI does it exceptionally well!
6
• Based in Florida, MGSI is one of the
experienced and reputed medical billing
companies in the US.
• This medical billing company has been
rendering its clients with top-notch insurance
eligibility verification services in addition to
other value-added billing services for more
than 20 years.
• MGSI is an A+ rated company with Better
Business Bureau. It is HIPAA compliant,
ensuring high levels of security to patient
information.
• To learn more details, log on to
www.mgsionline.com.
7
About MGSI:
THANKYOU
www.mgsionline.com
C
al
l
+1 877-896-6474

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Why Choose MGSI For Healthcare Eligibility Verification Services

  • 1. Why Choose MGSI For Healthcare Eligibility Verification Services?
  • 2.  The first step that helps streamline the claims- submission process is adopting a high- quality insurance eligibility verification system.  However, most healthcare facilities and Providers do not have the time or labor to focus on such administrative functions.  End of the day, it is their revenue cycle that gets affected badly.  A survey says that most of the billing errors could be avoided if healthcare eligibility verification is done meticulously.  Medical billing companies are established to do just that. Right from eligibility verification to reimbursement, they take care of all your billing needs. Nonetheless, there is a catch! Choosing the right medical billing company is important.  Here are some of the best qualities that a good medical billing company possesses: 2
  • 3. • An experienced medical billing company will follow a systematic procedure to verify patient demographics. The steps include, • Acquiring the patient schedule • Patient information verification with the insurance policy carrier. The various criterions verified during this process include payable benefits, co-insurance, co-pay, deductible, patient policy status, type of plan, effective date, coverage details, plan exclusions, and claims mailing address • Insurance qualification check in accordance with HIPAA authorization • Verify primary and secondary Payers and their coverage details • Contact patients in case they require prior authorization • Obtain approval by contacting insurance companies through Phone or online portals 3 Adept Insurance Eligibility Verification:
  • 4. • By outsourcing, Providers and healthcare practices can save administrative, labor and overhead costs • Streamline the overall medical billing process and ensure error-free claims • Improve revenue cycle management by drastically reducing the claim denial rate • Maximize and expedite cash flow • Allow Providers to focus more on patient care 4 Benefits of Outsourcing Healthcare Eligibility Verification:
  • 5. • There are so many medical billing companies in the US to choose from, however, partnering with the right one is the key to success. • MGSI will be a prudent choice. The Affordable Care Act (ACA) has complicated the entire billing process and insurance eligibility verification is not an exception. • Let’s discuss a scenario! When an ACA patient comes to a Practice, he/she may choose to have insurance for that particular month and deny paying premiums for the next couple of months. • Once his/her health plan qualifies, the insurance company will pay for the services rendered in the first month. 5 Why Choose MGSI?
  • 6. • However, for the next couple of months, insurance companies may not pay and the patient will be held responsible. • If the patient can’t afford to pay, then Providers will end up with bad debts. To avoid such cases, proper healthcare eligibility verification is required. MGSI does it exceptionally well! 6
  • 7. • Based in Florida, MGSI is one of the experienced and reputed medical billing companies in the US. • This medical billing company has been rendering its clients with top-notch insurance eligibility verification services in addition to other value-added billing services for more than 20 years. • MGSI is an A+ rated company with Better Business Bureau. It is HIPAA compliant, ensuring high levels of security to patient information. • To learn more details, log on to www.mgsionline.com. 7 About MGSI: