subject: Outsourcing Insurance Authorization - What Are The Benefits? [print this page] Obtaining insurance authorization is the responsibility of the physicians office to make sure that the patient receives the best care possible, and also to ensure the due reimbursement for services provided. Claim denials occur when a patient is not eligible for services billed by the provider. So, it is necessary to carry out insurance eligibility verification and insurance authorization to provide covered treatments for your patients and thereby improve patient satisfaction. Outsourcing insurance benefit verification and authorization to a reliable medical billing company is the best way to have these vital processes taken care of efficiently.
By outsourcing insurance authorization, healthcare facilities can gain a wide range of benefits. You can give your practice a competitive advantage by seeking the support of a reliable service provider. As there are several providers in the scenario now, obtaining insurance verification and authorization has become simpler for healthcare facilities including hospitals, medical groups and independent healthcare providers. The entire process, from making calls to the insurance agencies and following up with them to getting the documentation done in the end will be taken care of by the service provider.
Outsourcing Benefits
Outsourcing offers a number of advantages for the healthcare provider. One of the major advantages is that you can save your valuable time by entrusting the task to these specialists. The time that is saved can be better used for providing quality healthcare to your patients.
Apart from being a time saving option, there are many other reasons that make outsourcing insurance eligibility verification and insurance authorization a great solution for healthcare providers. Listed here are some of the benefits of outsourcing insurance authorization.
Reduce your risk factors
Simplified workflow
Reduced paper work and fewer claim rejections
Co-ordinates all requests and communication with insurance companies regarding the pending or missing requests
Maintain your authorization records electronically
Get access to specialized services
Speed up billing cycles
Minimize delays considerably
Maximize office efficiencies and economies of scale
Reduced rework of claims
Toll free fax and phone for live assistance
Reduced number of returned claims
Improved staff productivity
Free up workforce to focus on more productive tasks
Improve payment and collections
Speed up approval and authorization
Provision to check the status of your application online
Choose the Right Service Provider
To get maximum benefits from outsourcing insurance authorization, associate with the right service provider that can work as a virtual extension of your office. While outsourcing the task to the medical billing company, it is very important to ensure the credibility of the provider. Consider whether the service provider offers you a password protected online account; allows you to change the parameters of your online account information any time you want; and observes HIPAA compliance. Once you are confident about the trustworthiness of the service provider, you can be assured that the authorization would come to you without any trouble.
by: mososi
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