Published: 2016-03-09   Views: 283
Author: tauschmedical
Published in: Insurance
Outsourcing Insurance Eligibility Verification Services Can Lead To Improve Cash Flow

One of the most important responsibilities of medical billing is insurance verification service. It is, quite simply, essential in order to ensure that claims are not denied. According to industry sources, 75% of all health care claim denials are because a patient is not eligible for services billed to the insurer by the provider. Often, a patient would be ineligible for benefits because his or her policy has been terminated or modified. Having all necessary information generates more revenue and reduces administrative costs.


Insurance eligibility verification and plan-specific benefits information confirmation before services are rendered not only leads to fewer claim rejections and denials, but it also setups the foundation for an effective patient financial counseling program. Insurance policies and coverage terms differ from patient to patient and our services help you to stay on top of all these issues.


An efficient revenue cycle management begins with the implementation of best process practices. We believe in proactive measures and clearly understand reacting on claims denied after 15-30 days of submission does not help the cash flow of our clients.


Tausch Medical’s, Insurance Eligibility Verification Service obtains all pertinent information required along with type of coverage confirmation the patient has. Our medical billing teams of personnel are familiar with verifying insurance coverage and receiving prior authorization for medical treatment.


Verification process not only reduces denials on services performed but also increases collections by helping us determine the exact co-pay, deductible and out of pocket expenses. This helps us to make up front collections from patients during their visit.


Benefits on Outsourcing Insurance Verification Services Include:

  • Cleaner billing system data
  • Alerts about self-pay patients
  • Reduce Enhanced patients experience
  • Reduced rework of claims, risk factors
  • Decrease claim denials due to no coverage
  • Decreased account receivables days (AR days)
  • Receive Schedules from the Hospital via EDI, email or fax
  • Improves efficiency of revenue cycle, simplifies workflow
  • Reduced registration, co-pay, out of pocket and billing errors
  • Verify coverage on all Primary and Secondary (if applicable) Payers


Are you or your staff tired of waiting on the phone or jumping from website to website to verify patients’ insurance eligibility? Tausch Medical simplifies this critical process for you verifying a patient’s eligibility and benefits information in a timely manner at consistent support that is easy, efficient and cost effective.


Optimize your patient information and health insurance eligibility verification process from our medical team of experts to get the real time eligibility verification information you need on the front end to assess eligibility in seconds.


Tausch Medical provides Insurance Eligibility Verification Services that are focused on reducing claim denials, and ensuring reimbursement. We can help practices dramatically reduce their accounts receivable cycle (AR Follow up) and increase revenue, by significantly reducing the impact of ineligibility, and increasing the number of clean claims that are sent to insurers. Our reports are very specific to each client making it easy for your office staff to process. Our services help you to recover quicker reimbursements and maintain a healthy cash flow. Call on: +1 281-867-7921.


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Author Bio


Tausch Medical started in 2012 with a group of young, smart and dynamic professionals with the healthcare background under the mentor ship of a Medical Provider with 35 years experience. Each member of the Tausch family thoroughly understands the need of a medical practice and has a combined experience of over 65 years. We have grown rapidly from offering medical billing services to medical marketing and many other back office support services. Now, our Medical Billing Company have become a complete solution for a medical practice.


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