What steps should we take?
Assuring the accurate and timely collection of information about insurance coverage in revenue cycle management requires evaluating insurance eligibility. The process of confirming a patient's insurance in terms of three independent statuses, such as coverage status, active or inactive status, and eligibility status, is known as insurance eligibility verification. As claim denial or payment delays at healthcare practice, particularly with regard to account receivables(A/R), are directly tied to insurance eligibility, it is essential to confirm it. When the patient checks in, we make sure all the necessary information is prepared and accessible.
It continued to invest in its insurance eligibility verification services, adding new features and capabilities to stay ahead of the competition. They also continued to work closely with legal and compliance experts to ensure that they remained fully compliant with all relevant regulations.
It is a leading provider of revenue cycle management services, with a strong reputation for excellence in insurance eligibility verification.
ANTechnos began working with a team of legal and compliance experts to develop policies and procedures for offering insurance eligibility verification services.
Benefits of Insurance Eligibility
Insurance verification and patient information are reviewed well in advance of the visit to ensure upfront collection and eligibility notification to patients.
Before entering the data into your practice management system, we verify the coverage.
To verify insurance eligibility providers typically obtain the patient’s insurance information, such as their insurance ID, group number, and policy number.
Verifying insurance eligibility prior to service, healthcare providers must also ensure that they are using the correct billing codes and submitting claims in a timely manner.
By verifying insurance eligibility, healthcare providers can avoid denials and delays in payment, and patients can better manage their healthcare costs.