Insurance Verification
Insurance verification is a complex but vital part of the medical billing process, which involves checking the patient’s active medical coverage with the insurance company and the details. Outsource Strategies International (OSI)’s eligibility and benefits verification services simplify the entire process, and are available to practices of any size and specialty.
Reduce the Impact of Ineligibility
It is estimated that over 50% of healthcare claims are denied due to eligibility violations. A number of downstream problems are likely to arise due to the absence of eligibility verification, including:
- Delayed payments
- Rework
- Patient displeasure
- Increased errors
- Nonpayment
While insurance verification processes are crucial, a significant amount of resources and time has to be spent to complete the tasks. This is where an outsourcing company such as OSI proves indispensable. With our professionals providing reliable insurance verification services, there need be no more waiting on hold to verify patients’ eligibility with the payers. Using the right combination of skilled workforce and advanced technology, OSI provides all the needed assistance to complete your patient appointment scheduling and verification tasks.
Here are some of the benefits you gain by outsourcing health insurance verification
- Timely up-front verification of patients’ insurance coverage
- More time to focus on patients and revenue-generating activities
- Scheduling optimized to increase practice revenue
- Fewer appointment cancellations due to insurance issues
Medical Insurance Verification
Process- Receive patient schedules
- Verify patients’ insurance coverage
- Contact patients for additional information
- Update the billing system with eligibility and verification details
The process ensures verification of payable benefits, patient responsibilities such as co-pays, co-insurances and deductibles, patient policy status, effective date, type of plan and coverage details, plan exclusions, claims mailing address, and more.
Gain Maximum Benefits
We take the responsibility to make sure that your claims sent to the insurance companies are ‘clean claims’ and also that you receive timely payment. Our representatives will take care of verifying insurance and authorizations for getting referrals, to avoid last minute cancellations, and to provide accurate billing for you and your insurance company. We have a team of medical billing specialists, who are very responsive and committed to delivering excellent service levels and client support. At our medical billing company, we can work with your software and log in via VPN or use our own billing software. We offer you a free, no obligation billing analysis to show how our medical billing services can benefit your practice.
