Insurance Benefit Verification
Confirming health insurance eligibility is essential to ultimately receive the benefits you deserve. Insurance benefit verification is the process of verifying the patient’s active medical coverage with the insurance company and the details. The absence of proper verification can result in claim denials. Outsource Strategies International (OSI) can help you with your insurance verifications and all other patient paperwork requirements that are necessary for financial clearance. We can provide services to any size of practices.
Insurance Verification Services
With our insurance verification services, you will benefit from
- Fewer claim rejections
- Increased number of clean claims
- Reduced rework of claims
- Enhanced revenue
- Reduced overhead (30 to 40% below operational costs)
Our benefits verification specialist provides the necessary billing and reimbursement support, and works with patients and medical facility staff to obtain all the necessary information. The insurance eligibility verification for all scheduled appointments is completed well before the patient appointment date. This seamless process allows healthcare professionals to devote ample time to their core activities.
The information collected and verified during the health insurance benefit verification process comprises
- Effective date
- Type of Plan like PPO, HMO, POS, and more
- Patient policy status whether active or inactive
- Copays
- Co-insurances
- Deductible amount
- Timely filing limit
- Claims mailing address
- Fax number, if any
What the Process Involves
- Receiving patient schedules
- Verifying patient’s insurance coverages
- Contacting patients, if required
- Updating the billing system with eligibility and verification details
To confirm the insurance coverage of the patients with primary and secondary payers, we make calls to the payers and conduct verifications through their authorized online insurance portals. We also contact patients directly for more information if we need to.
Contact us to enquire more about our insurance benefit verification services. Call 1-800-670-2809. Take advantage of our Free Trial offer to evaluate our service quality and performance standards.
