Insurance verification is the first and most significant step in the medical billing and coding process.
Improves Cash Flow
Minimizes Claim Rejections and Denials
Verifying the insurance coverage in advance, for results in fewer claims being denied. Since insurance information changes frequently, failure to stay ahead of ever-changing regulatory requirements could lead to rejected claims, billing errors, and reimbursement delays. Hearing Healthcare providers need to be vigilant and verify the member’s eligibility every time before the services are provided.
Increases Patient Satisfaction
Nine in ten consumers want to know their payment responsibility upfront. It is important to contact the patient’s insurance carrier prior to their visit and services being rendered to ensure they are included in the patient’s health insurance coverage. Errors in carrying out efficient insurance verification or submitting a claim for services that the patient’s insurance carrier does not cover or are delivered by Providers who are outside the employee’s health insurance provider network will leave the patient financially exposed, fearful, and frustrated. As a result, the patient will have to pay 100% for the services. This isn’t just bad for patients, but detrimental to your practice as well.
Do you face high denials? Do you know the right questions to ask to get the answers the FIRST TIME? - Don’t worry, we do, and we are here to help.