Getting your claims accepted, on the first submission!
Improper insurance eligibility verification directly impacts your practices reimbursements. We update the software with eligibility, verification details (member ID, group ID, coverage period, co-pay, deductible, and co-insurance), authorization, max limits, and OOP max with accumulations. Our dedication to insurance eligibility verification delivers a thorough verification, thereby aiding a dramatic reduction of your account receivables and being PROactive prior to the patient's initial session.
While Insurance Eligibility Verification is a vital process that guarantees the service rendered will be covered, it is also considered a tedious task that takes a lot of time and effort. However, if you feel you have a current loophole in your office with your insurance verification process, it might be ideal to outsource your insurance eligibility verification process to an experienced team. Let’s discuss why outsourcing your insurance verification services to Preferred Medical Services is a good choice to make.
We have the required knowledge, skillsets, and will assist you with streamlining the process. We have the recent updates in the insurance policies, and processing policies thereby minimizing unnecessary delays. We are skilled in ascertaining prior authorization requirements (if needed), following up with the insurance company for any authorization issues and we submit cleaner claims which increase revenue flow.
When we provide the updated insurance eligibility information, it is easy for your practice to discuss with the patient if the service will be covered under their policy or not, and if there is any cost associated.
Preferred Medical Services will provide the following insurance eligibility verification process to reduce denials and enhance your practice's revenue flow.
- Thorough verification of Insurance Eligibility and Benefit (coverage) details.
- Patient Cost-Share
- Obtain Prior-authorization/Pre-certifications
- Document verification details into the billing system
- Checking claims for missing or erroneous data and updating the same.
Using Preferred Medical Services for your insurance eligibility entitles you unperturbed service, assuring faster turnaround time with accurate claims processing ratio leading to increased revenue!
Preferred Medical Services is one of the pioneering billing companies that promises to avoid the risks involved with denials due to incorrect insurance eligibility and benefits. With 15+ years of experience in the industry, we have been providing end-to-end revenue cycle management services seamlessly to our clients. To know more about Preferred Medical Services call us at (919) 237-9080!