Insurance verification and authorization is a vital part of the medical billing process. It is all about verifying the patient’s insurance eligibility and the details including the co-payments, deductibles, co-insurance, patient policy status, effective date, type of plan, claims mailing address, and more. It is a time-consuming and tedious task for most healthcare providers, considering the amount of responsibilities they handle. As a medical billing company, Outsource Strategies International (OSI) can manage all tasks related to obtaining insurance verification and authorization.
OSI understands the importance of medical billing and collections as well as its individual components such as verification, authorization and coding in making this process successful. The aim of the company is to provide clients with timely reimbursement, ultimately affecting their bottom line, cash flow and the opportunity cost of uncollected revenues. The team at OSI will take care of verifying insurance and authorizations to avoid last minute cancellations and ensure accurate billing.
Over the years, OSI has assisted scores of medical establishments of varying sizes to meet their medical appointment scheduling, rescheduling, insurance verification and authorization needs. With services from OSI, clients need not spend their valuable time managing patient appointments.
The information collected and verified during the health insurance benefit verification process includes:
- Co-pays, co-insurances and deductibles
- Patient policy status
- Effective date
- Type of plan and coverage details
- Plan exclusions
- Claims mailing address
According to a representative of the company, outsourcing insurance verification tasks to OSI can save practices an average of 30% - 40% of the total costs. The company offers free billing analysis to prospective clients that wish to check out OSI’s medical billing services.
About Outsource Strategies International
Outsource Strategies International (OSI) is a
More information is available at http://www.outsourcestrategies.com. Clients can also call (800) 670 2809.