The number of patients paying through their insurance plans in the US is ever increasing. For this reason, healthcare providers need to strengthen their insurance eligibility verification process all the more. Failure to do this often leads to undesirable situations—more particularly unpaid or delayed claims that ultimately impact revenues. While it is possible to hire an in-house team, it’s often more practical to just outsource this task to a third-party company. If you have tried insurance eligibility verification yourself, then you know how detailed and tedious it is and how much it ties up your resources. Instead of providing excellent health care to your patients, you or your staff are caught up with telephone calls and paperwork that need to be accomplished.
To make the verification process less stressful and minimize delays, healthcare providers seek professional help from medical billing companies overseas. Outsourcing this process results in increased collection and reimbursements from insurance companies.
How exactly do medical billing companies help you? By keeping abreast with the changes of insurance policies, their expert teams of medical billing specialists can check whether a patient is still covered by their primary and secondary insurance plans or not. These agents also contact the patients to ask for more information when necessary. And in case the procedure is not covered, they inform the patient before treatment is given.
A reputable and reliable medical billing company is fast and accurate. They can do insurance eligibility verification ahead of time, offering outstanding services to both the provider and the patient. They also update the medical billing system with important information such as coverage period, co-pays, co-insurances, and deductibles for each patient. If next time the same patient needs treatment, the verification process gets faster.