“Prevention is better than cure”, a 17th Century proverb that has it’s roots in the medical profession is now finding a stronger calling in the same profession albeit for a different reason. Recent reports shows that “claim denials” are on an upward trend putting your cash flows into jeopardy. Quite different from rejection that happens…
Insurance claim denials can become a grave concern if you do not take corrective steps at the earliest. Every denial or rejection will not only impact your revenue cycle severely but also strain your relationship with the patient. Well, this makes it imperative to avoid landing up in such a situation. Let us first understand…
Medical care providers must verify all their patient’s insurance coverages and benefits for each and every visit prior to the treatment. This practice eliminates chances of error-making during the process of filing for insurance reimbursements. An efficient process of verifying patients’ insurance eligibility goes a long way in improving the insurance payments and minimizing the…
Medical practices must focus on ever changing patient eligibility verification process to identifying the right coverage and providing the best medical care to it’s patient. While the medical fraternity strives at providing appropriate and timely care, billing processes often take a backseat. The complex process of billing, keeping a track of eligibility, and filing (or…
Research suggests ~30% of all claims are denied or rejected on the first submission. The success rate of resubmissions is somewhere between 55% and 98%. Resubmission involves time and effort wastage, and revenue leaks. One of the most effective ways of addressing the challenge of denials and rejections is to have a highly effective Insurance…
One of the most time-consuming yet critically needed requirements of running a hospital or a clinic is verifying/validating a patients’ insurance coverage eligibility. The staff of hospitals and practitioners engaged in the process of billing struggle through loads of work and intense deadlines. Dedicating their efforts to the tedious task of verifying the insurance coverage…