For healthcare practices without an active denial management program, it has been estimated that about 25% of submitted claims are denied. Furthermore, it has also been estimated that about 1/3 of these denials are due to problems associated with insurance eligibility verification. The correction and resubmission of these claims is a time and labor intensive process, which additionally impacts cash flow for the practice.
Therefore, verifying insurance eligibility is critically important to your practice. And doing so will provide significant financial return. Our insurance eligibility verification services will maximize your profits.
Our Medical Billing Services Help Efficiency and Workflow
There are a number of reasons why eligibility checking is not performed. Office staff are very busy and often don’t have time to get to it. It does take time to open a web browser, locate and open the appropriate carrier’s web site and then log in and try to recall the specific login ID and password. And even once the response has been downloaded and displayed, it may be difficult to locate the information that you need. These responses are often very long and arcane. As well, each carrier formats their response differently. Optimize your workflow with our medical billing services.