Patient Insurance Eligibility Check
Performing a patient insurance eligibility check is a everyday routine at the practice with manual process involving phone calls and visits to various websites. Checking the patient insurance eligibility prior to the service enables the practice to understand the patient's coverage.
Real time Patient Insurance eligibility checks are used to retrieve information like the dates of coverage, copay, deductible amount, dependant's status etc. Also, as the insurance companies change plans often, the provider has to verify, if the patients are covered under the new plan to get maximum reimbursement.
The benefits of patient insurance eligibility checks are:
- Reduced practice's revenue cycle
- Minimize delays and denials
- Increased collections
- Reduced write-offs
- Decreased A/R days, etc.
