Accurate, Efficient and Reliable Insurance Verification Services
Insurance verification is a crucial process in the healthcare industry to confirm the coverage and benefits of a patient’s insurance plan before providing medical services. At OSI, we verify patients’ insurance benefits before the services are provided, preventing non-payments that can impact your bottom line.
Insurance verification specialists at our HIPAA-compliant medical billing company have years of experience in working with both government and commercial payers. They are knowledgeable in various types of coverage and policies, ensuring thorough and accurate verification processes.
We can verify coverage for all insurances including federal and commercial plans.
Find out more about our insurance verification services for your specialty!
Why Consider Expert Insurance Eligibility Verification Services?
Patient eligibility verification plays a major role in addressing several key issues within the healthcare system. By confirming the status and details of a patient’s insurance coverage, providers can significantly reduce the risk of claim denials. Proper insurance verification helps in assessing patient eligibility, ensuring that the provided services align with the terms of the insurance plan.
Insurance eligibility verification serves as a proactive measure to:
streamline billing process
- streamline billing process
- enhance revenue cycle management
- prevent claim submission errors and rejections
- free up your in-house resources
- reduce bad debt
- increase cash collection
Reliable Eligibility Verification Services
Our team verifies diverse details including:
- Co-pays
- Co-insurances
- Claims mailing address
- Deductibles
- Patient policy status
- Effective date
- Payable benefits
- Plan exclusions
- Type of plan and coverage details
- Referrals and pre-authorizations
- Out of network benefits
- DME reimbursement
Our Optimized Health Insurance Eligibility Verification Process
Our streamlined insurance verification process ensures that your coverage is accurately confirmed, and any financial responsibilities, like co-pays or deductibles, are clarified upfront.
Gather Patient Information
We collect essential patient details, such as the patient’s full name, date of birth, contact information, and social security number.
Obtain Insurance Information
The next step is to obtain insurance information including patient’s insurance policy or member ID number, the name of the insurer, and any relevant group or policy numbers.
Contact the Insurance Provider
Verify Coverage
Check Policy Details
Confirm Co-pay, Deductibles, and Co-insurance
Why Choose OSI?
An established medical billing company in the U.S., Outsource Strategies International (OSI) can take care of your health insurance verification tasks, helping you save time and money as you focus on patient care.
With us, you can benefit from –
We use your verification form
Dedicated team of verification specialists
Stringent QA processes
Regular reporting
Cost savings of 30-40%
HIPAA compliance
No long-term yearly contracts
No set up fees or training fees
Affordable & Flexible Pricing Plans
Fixed Cost Pricing
Like an FTE model, a person is dedicated to your practice. Perfect for a practice that is busy. They work as an extension to your business.
- A dedicated employee or team member
- Team handling multiple responsibilities
- Preset pricing and production guidelines
- No Start-up fees
Per Verification Pricing
Perfect for a practice that is unsure about their work requirements. This can have per request pricing for eligibility verifications and other functions.
- Dedicated team or employee
- Team handling multiple responsibilities
- A per transaction or hybrid model
- No Start-up fees
What our Clients have to Say
Insurance Verification FAQs
How much do these services cost?
The cost will vary depending on the scope and complexity of the work. At OSI, we have two pricing options – fixed cost (Fully time, part time or quarter time employee) or per verification. Get a free trial before you sign up – call (800) 670-2809 or send an email to info@managedoutsource.com.