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Insurance Verification Services - Get Maximum Benefits

Insurance Verification Services - Get Maximum Benefits

Research reveals that 75 percent of all healthcare claim denials are due to the ineligibility

of patient for services billed to the insurer by the provider. A patient is ineligible for benefits when his or her policy has been terminated or modified or the information provided to the insurer is wrong or outdated. This shows that insurance verification services are very essential to provide covered treatments for your patients and thereby improve patient satisfaction.

Today, there are many outsourcing companies that provide services that ideally meet your health insurance verification requirements. These firms have qualified insurance verifiers who have immense knowledge of insurance, medical/surgical techniques and healthcare terminology. They are well-versed in the policy changes of different payers and will do the necessary paperwork and documentation for claiming the due reimbursement.

Outsource Your Insurance Verification Requirements

By outsourcing health insurance verification services, you can get maximum benefits. Besides being a cost-effective and time saving option, there are many other reasons that make outsourcing insurance eligibility verification services a great solution for healthcare providers. Listed here are some of the benefits of outsourcing insurance verification services.Insurance Verification Services - Get Maximum Benefits


Reduce your risk factors

Reduced effort

Fewer claim rejections

Minimize delays considerably

Reduced number of returned claims

Faster billing cycles

Improved staff productivity

Reduced operational costs (save 30 to 40% of your insurance verification operational costs)

Streamline the entire billing process

Free up workforce to focus on more productive tasks

Improve payment and collections

Save your valuable time by letting verification specialists do the work more efficiently

Speed up approval and authorization

Simplified workflow

Increased number of clean claims

Reduced rework of claims

Maximize office efficiencies and economies of scale

Reduce capital costs

Expand company focus

Increased upfront collections

Let Health Insurance Verification Specialists Manage Your Insurance Claims

It is imperative that each healthcare provider verifies the insurance eligibility and coverage benefits of the patients, before beginning the treatment process. To determine the eligibility and acceptance of insurance claims, the following information has to be verified: payable benefits, co-pays, co-insurances, deductibles, patient policy status, effective date, type of plan and coverage details, plan exclusions, claims mailing address, referrals and pre-authorizations, life time maximum, and more.

With the help of the latest technology, health insurance verification specialists manage all aspects of your verification requirements from receiving schedules from the hospital via EDI, email or fax; verifying the patient's insurance coverage; contacting patients for additional information; updating the billing system with eligibility and verification details and more. With all these processes entrusted to reliable hands, you can concentrate on patient care and related core activities.

by: mososi
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Insurance Verification Services - Get Maximum Benefits