To ensure accurate claims, outsource your eligibility verification tasks to a reliable outsourcing firm. Insurance verification services from such a firm will bring you exact and speedy reimbursement.

1. Outsource strategies International Call: (800) 670 2809
Why Is It Necessary to Utilize Outsourced Insurance Verification Services
Needless to say, healthcare practitioners comprise a group for which sitting at a
desk and doing routine paperwork is a virtual impossibility. They are constantly
on call. For many outside the medical profession it is unconceivable how these
professionals manage to be on their feet throughout their working hours.
Physicians rarely find time to attend to processes such as medical billing and
insurance verification services that
are important to maintain their practice.
Caught between the responsibility of
patient care and the more mundane
administrative workload, medical
professionals are often distraught.
Outsourcing is a real lifesaver for them.
Medical Insurance Verification – an Important Component of Medical
Billing
Medical insurance verification is of prime importance in medical billing as it is
the only way to confirm whether a patient is covered under a particular health
insurance plan. The entire verification process has to be done with precision, as
any sort of data mismatch can lead to denial of claims and non-payment of
reimbursement benefits. Moreover, eligibility verification has to be completed
before the patient’s appointment date. This is what makes outsourced insurance
verification services from third-party service providers a necessity in most
medical practices.
Outsourcing Ensures Maximum Cash Inflow
Most often claim rejection issues arise when the information provided by the
patient to the insurance carrier is wrong or when his / her policy has expired,
Insurance Verification Services

2. Outsource strategies International Call: (800) 670 2809
been terminated or modified. Moreover, insurance agencies sometimes make
crucial revisions and updates in their health plans and policies. To get the due
reimbursement for your services, it is necessary to confirm that the patient is
covered under the new and updated insurance plan before starting the treatment
procedures. When the eligibility verification process is not completed carefully,
it may be impossible to identify such important factors as well as correct crucial
flaws in data, which can lead to issues such as:
• Increased errors
• Patient dissatisfaction
• Need for rework
• Delayed payments
• Non-payment of claims
Utilizing insurance verification services provided by an established medical
billing company will help you manage routine insurance verification tasks
efficiently. You will also be ensured speedy and accurate reimbursement.
Additional benefits you stand to gain include:
• Reduce claim denials and rejections
• Improve patient satisfaction
• Increased number of clean claims
• Enhanced staff productivity
• Reduced costs
• 30% to 40% cost savings
• Increased upfront collections
• Improved cash inflow and profits
• Eliminate eligibility verification backlogs
Insurance Verification Services

3. Outsource strategies International Call: (800) 670 2809
• Enhance practice efficiency
Insurance benefit verification services cover procedures such as:
• Receiving patient schedule from the hospital via EDI, email or fax
• Contacting patients, if necessary
• Checking patients’ insurance coverage with primary and secondary
payers
• Updating the billing system with eligibility and verification details, and
much more
Reliable Services from Knowledgeable Professionals
Companies that offer health insurance verification services are equipped with
excellent infrastructure, advanced technology and innovative software packages.
Insurance verification experts in these firms are experienced and knowledgeable
about the latest insurance norms and federal government policies. These
professionals ensure that all medical claims are processed and submitted in a
timely manner. The following are the important details verified:
• Claims mailing address
• Patient policy status
• Patient details
• Co-insurance details
• Co-pays
• Payable benefits
• Pre-authorization number
• Deductibles
• Type of plan and coverage details
Insurance Verification Services

4. Outsource strategies International Call: (800) 670 2809
• Effective date
• Plan exclusions, and so on
Look for Affordable and Quality Services
Outsourcing insurance verification tasks to professional companies enables you
to manage your healthcare facility with enhanced efficiency. Organized
insurance verification services ensure the smooth functioning of your medical
practice with enhanced cash inflow and a steady revenue cycle. However, to
benefit from quality services, outsource your insurance benefit verification tasks
only to an experienced company. Such a firm can meet your specific eligibility
verification requirements effortlessly, at affordable service charges, within
minimum turnaround time.
MOS Outsource strategies International
8596 E. 101st Street, Suite H
Contact Details
Tulsa, OK 74133
Phone: (800) 670 2809
Article Source: http://www.americanchronicle.com/articles/view/290296
Insurance Verification Services