How Software for Insurance Eligibility Verification Improves Your Revenue
Often, healthcare facilities suffer financial loss due to inaccurate insurance benefits information. Claims can be denied simply because the patient’s address is bad or an eligibility-check is never completed. Claims also can be rejected because the insurance company doesn’t provide coverage for the services the patient is receiving or the co-pay hasn’t yet been met.
When the patient or service isn’t covered by insurance, the provider is at risk of not being paid for services. That’s why insurance verification software is critical.
Advantage of Fast Insurance Verification
Patient eligibility verification software helps facilities and providers to comprehend whether a patient is covered and for how much she/he is responsible. Providers know immediately if the patient is covered by insurance.
Knowing that the insurance company will pay for the services rendered decreases the chance of the facility suffering a financial loss. Healthcare providers can be sure they know what a patient’s co-pay is and have an approximation of how much she/he is responsible for paying. This software not only benefits healthcare providers, it benefits patients, too, by not making them wait an unreasonable amount of time to verify insurance eligibility.
There’s No Need to Risk Financial Loss
Don’t miss out on revenue or make it more difficult to collect payments due to inaccurate or slow-to-know insurance benefits information. Don’t turn away patients for profitable elective procedures because of an inability to verify insurance eligibility.
Unlike claim scrubber software, maxRTE offers the most comprehensive, accurate, immediate, and secure medical eligibility verification before services are provided, which decreases the chance of claims being denied.
It takes just a few hours to get up and going with our eligibility software. There’s no complicated installation and is already integrated with hundreds of payers and their health plans.