For physicians, hospitals and healthcare institutions, who are in the business of saving lives, insurance benefit verification is a time consuming task. Insurance verification services are a crucial part of the medical billing process and play a major role in the healthcare provider's claims denial management program. Offered by professional medical billing companies, health insurance verification services help group and specialty practices and hospitals to check a patient's active coverage with the insurance company and verify whether the patient is eligible for scheduled medical procedures.
Eligibility verification process has to be carried out before the patient is admitted to a hospital. Services provided cover the verification of payable benefits, co-pays, co-insurances, deductibles, effective date, patient policy status, type of plan and coverage details, plan exclusions, claims mailing address, referrals and pre-authorizations, life time maximum, and more.
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