Uploaded on Apr 1, 2020
Insurance eligibility verification is important for all medical prac-tices or else they will end up with unpaid claims by the insurance com-pany. In a worst case scenario, they might never get paid for the ren-dered services. Since all medical practices run on money, it is very im-portant to ensure consistent cash flow without claim rejections. This is possible only when medical billing is done successfully and for billing, accurate insurance verification is important.
Outsource Eligibility Verification to a Medical Billing Company & Manifold your revenue
OUTSOURCE ELIGIBILITY VERIFICATION TO
A MEDICAL BILLING COMPANY & MANIFOLD
YOUR REVENUE
Insurance eligibility verification is important for all medical
practices or else they will end up with unpaid claims by the
insurance company. In a worst case scenario, they might never
get paid for the rendered services. Since all medical practices run
on money, it is very important to ensure consistent cash flow
without claim rejections.
Why is eligibility verification necessary?
Insurance eligibility verification is the first and most important step
in the medical billing procedure. If the insurance coverage
information provided by patients during visits is incorrect or
inadequate or if the current coverage information isn’t updated by
the practice, then it will lead to claim denials or delays in payment.
http://www.247medicalbillingservices.com
OUTSOURCE ELIGIBILITY VERIFICATION TO
A MEDICAL BILLING COMPANY &
MANIFOLD YOUR REVENUE
If you run a medical practice and you don’t ensure adequate
eligibility check, you will become prone to not getting paid for
insurance claims. Timely verification will help in establishing the
payer’s responsibility. It will also give you a better picture of the
patient’s coverage, benefits, insurance information and so on.
The possibilities of claim denials, categorical rejections and re-
submissions will also end.
It is very important for providers to ensure that patients are aware
of their insurance status. Since insurance protocols keep
changing, it is necessary that they are also updated with the
changes. Even the provider and their medical billers need to
verify if the patient is covered under the new plan so that they can
obtain maximum reimbursement.
http://www.247medicalbillingservices.com
OUTSOURCE ELIGIBILITY VERIFICATION TO A
MEDICAL BILLING COMPANY & MANIFOLD
YOUR REVENUE
Outsourcing eligibility verification to boost revenue
It helps to let a third party handle eligibility verification task. With
outsourcing, providers can not only increase revenue and
minimize delays and denials but also boost collections through
reduction in write-offs.
A reliable medical billing company starts by receiving
schedules of patients via email, fax or other mediums or check
them daily in the appointment scheduling software. They verify
the patient’s insurance coverage with primary as well as
secondary payers either by calling the payers or checking through
online insurance portals. Companies also contact patients directly
for additional data. The next step involves updating of the billing
system with verification details. The provider is informed in case
there is any issue regarding a patient’s eligibility.
http://www.247medicalbillingservices.com
OUTSOURCE ELIGIBILITY VERIFICATION TO A
MEDICAL BILLING COMPANY & MANIFOLD
YOUR REVENUE
About 247 Medical Billing Services:
We are a medical billing company that offers ‘24/7
Medical Billing Services’ and support physicians, hospitals,
medical institutions and group practices with our end to end
medical billing solutions. We help you earn more revenue with our
quick and affordable services. Our customized Revenue Cycle
Management (RCM) solutions allow physicians to attract
additional revenue and reduce administrative burden or losses.
Contact:
247 Medical Billing Services
Tel: +1 888-502-0537
Email: [email protected]
http://www.247medicalbillingservices.com
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