Speed Up Insurance Verification with a Right Strategy!
Verifying insurance is a cornerstone for getting reimbursement from the insurance. But, it is never easy to actually process the insurance verification. Your staff at the front office needs to spend a lot of time and energy and put many efforts to verify a patient's insurance. It brings the need to speed up insurance verification with a modern and innovative strategy. Let's find out how to reduce the time that your hospital invests in verifying insurance and utilize it to rev up productivity.
Simplify Office Insurance Verification Process
In the first place, don’t ever miss out on the insurance verification process. Missing this step early when a patient has to visit you for the check-up may result in complications afterward. At the same time, however, it needs not to be over-empowering. Don't put the entire staff on IVR calls and browsing insurance portals. Adapting to a modern and technologically advanced solution to verify insurance coverage online is a great idea, instead.
Maintain Eligibility Reports
Put together some order when you verify patient’s insurance eligibility. It will coordinate the process for you. Let's say a patient comes for a regular check-up and you checked his/her insurance coverage. The insurance is active. You provide services to the patient and get the payment from the insurance. Superb! But now after 6 months, the patient has come across some health issue again. He visits you again. And, you had not kept any record last time. Here you go through the entire verification process again. The time which could have been easily reduced has to invest once again for the verification.
Therefore, it is incredibly important that you maintain patient eligibility reports in excel. With improved accessibility to Excel Batch Report for coverage info, you will be able to increase productivity substantially.
Verify Service Code
The patient may have active insurance – which is a green signal to go ahead. But stop, and also ask the patient what service he wants from your hospital. The patient's insurance plan might not include certain services. Bypassing the verification on this part may lead you toward an expensive denial. Merging eligibility verification with the verification of service code ensures 100% payment guarantee that every provider and physician aspire for.
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