Insurance eligibility verification and authorization is a crucial step in the medical billing cycle. When healthcare providers are caught up with administering quality services, medical eligibility verification tasks are left unattended and may give rise to problems like delayed or non-payment, errors, claim rejections, and dissatisfaction among patients.
Patient eligibility verification is indispensable. Verifying the eligibility of a patient’s insurance coverage is critical because it directly affects the reimbursement due to the healthcare provider. Accurately analyzing if a patient is eligible for financial assistance to carry out the benefits of insurance coverage is time-consuming, and most healthcare providers may not have the training required for such process.
Infinit Healthcare’s eligibility insurance verification solution will verify effective dates, benefits, plan exclusions, and other information pertinent to the patient screening process. Outsourcing medical insurance eligibility verification helps to reduce a healthcare provider’s workload as well as make the practice more profitable and efficient. Our insurance verification professionals are capable of efficiently handling every aspect of insurance eligibility verification
When eligibility verification is outsourced, labor costs involved with building an in-house eligibility verification department is reduced, relieving medical professionals from administrative tasks and allows healthcare providers to concentrate on growing their business and providing quality healthcare.