Medical Insurance Verification
Medical insurance verification is the first and vital step in the medical billing process. It is the process of verifying patient insurance coverage of medication, and administrative and pharmacy services. As one of the leading outsourcing companies in the US, Outsource Strategies International (OSI) works to make it easier for physicians and healthcare practices to access patient insurance information and verify their coverage. We can provide medical eligibility verification services to practices of any size and ensure timely verification of medical insurance benefits.
Ensures Reduced Claim Denials
Once we receive patient information and other essential details, we verify eligibility and benefits, limits, and authorizations of the claim. Most claims are denied or rejected due to simple errors, such as incorrect billing codes, missing information, and so on. This may lead to insurance denials and the need for rework.
Our team of professionals has extensive knowledge in the field of health insurance verification and provides appropriate services to verify patient eligibility. They check for policy changes and updates, complete the paperwork, and verify patient information.
Medical Insurance Verification Process Involves
- Receiving schedules from the hospital via EDI, email or fax
- Verifying patient insurance coverage
- Contacting patients for additional information, if necessary
- Updating the billing system with eligibility and verification details
Health Insurance Verification
Services Has the Potential To- Enhance cash flow
- Increase efficiency
- Reduce rejections and denials
- Increase staff productivity
- Improve patient satisfaction
- Increase the number of clean claims
- Reduced overhead (30 to 40% below operational)
Experienced and well trained staffs at OSI ensure quality and faster service. Call 1-800-670-2809 and speak to our senior solutions manager to learn more about our medical insurance verification services. To check out the quality of our services, take advantage of our Free Trial offer.
