In order for medical practices to determine whether a patient is qualified for the recommended course of treatment, patient eligibility verification is regarded as the first stage in the revenue cycle management process.
Verification of Eligibility is essential to the overall success of a medical practice. According to reports, faults or inaccuracies in the healthcare providers' eligibility verification of patients account for about 70–75% of claim denials. This demonstrates that most practices continue to neglect their eligibility verification procedures, which results in claim delays and denials.
In order for medical practices to determine whether a patient is qualified for the recommended course of treatment, patient eligibility verification is regarded as the first stage in the revenue cycle management process. It also offers other benefit alternatives like copays, deductibles, and co-insurance as well as a breakdown of benefits and a check to see if the patient's insurance covers the healthcare service or not.
Verification of Eligibility is essential to the overall success of a medical practice. According to reports, faults or inaccuracies in the healthcare providers' eligibility verification of patients account for about 70–75% of claim denials. This demonstrates that most practises continue to neglect their eligibility verification procedures, which results in claim delays and denials. Nevertheless, Precise BS is offering a solution to medical practices. Our eligibility verification services are designed to give you leverage in the area of medical billing for doctors and private practices.
Verifying eligibility is the first and most important step in the medical billing procedure, as was already established. Insurance verification must be done correctly in order for a practice to get payments on time. Before providing any services, your medical practice is required to confirm the patient's eligibility. If you put off fixing the eligibility verification issue, you risk having your payments delayed or possibly denied. It consequently results in lower income and more claim denials. Our eligibility verification services are helpful in this situation since you can quickly delegate the task to our professionals and concentrate on patient care for the best outcomes.
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