KNOWING ALL ABOUT ELIGIBILITY VERIFICATION PROCESS
Today medical treatment is becoming
expensive and often come unannounced. Therefore, to secure your finances and
saving, it is safe to take a health insurance cover. It is essential to verify
the insurance eligibility and benefits of patients before services are
provided. Failing to do eligibility verification will leave an unpaid claim by
the insurance company. It will make the
patient unable to pay their bill promptly.
PROCEDURE DONE FOR ELIGIBILITY
VERIFICATION PROCESS-
A Healthcare Insurance Eligibility
verification services describes who can provide what care of medical
services under what circumstances. It ensures patient's eligibility before the
medical care is given to them. This verification service will increase the
revenue and reduce patient's unnecessary expense in medical. Significantly this
will minimise the impact of claims denial due to ineligibility. In the current
situation, unfortunately, patient insurance eligibility verification is the one
most neglected practice in the revenue cycle in majority cases.
Offshore Medical Coding Services |
Strict and firm methodologies along
with various tools are used to identify the patient coverage benefits. Data are
collected basing upon accurate information on deductibles, co-pays and
co-Insurance. The expert verification teams provide specific payer eligibility
and benefits to be given in real time. Accessing online verification portal is
the core part of this process. At the same time, Eligibility verification
service includes speaking to the insurance company. Offshore Medical Billing is
an international based billing company that has adopted Healthcare Insurance
Eligibility verification service. It's flawless service is helping the patients
in a greater extent.
This verification service ensures all
healthcare services given are reimbursed in time. The financial responsibility
to patients is well educated before they visit the respective office. This
mechanism mainly helps the physician's office in increasing their upfront
collections in saving their staff and billers time. It makes them free from
write off collection somehow which is time-consuming. The report produced by
the verification service is accurate that gives detailed necessary information.
It is found that if there is proper verification done both online and offline
the result will end with no claims from any patients.
Benefits of Eligibility Verification
Process-
The major advantage of this
Eligibility Verification Process is that it reduces administrative costs to
some extent. By giving proper information to the patients after going through
Healthcare Insurance, Eligibility verification service will reduce claim
rejections significantly resulting restricts denial too. This increases up
front collections to a marginal level and educates patients about out-of-the-pocket
expenses. Hence, it leads to better productivity. Verifying the insurance
eligibility by a proficient offshore medical billing partner increases
patient's profit rate.
Outsourcing Medical Billing Companies in USA |
Co-pay-
Co-pay is known as the portion of the
medical bill that is a patient's responsibility and part to pay. For example,
if your co-insurance is 70/30, that means your insurance company will pay for
70 percent of your visit or procedure while you pay the remaining 30 percent.
Learning the need and advantage of
Eligibility verification service will help both health care provider and
patients a lot. It will gradually decrease the claims and complaint caused to
verification negligence. Most insurance companies provide
the key to understand this process that renders accurate information. Among
these enterprises, Offshore Medical Billing based in the USA is providing
excellent service. All new and returning patients should carry their insurance
identification card while visiting hospital.
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