Insurance verification is the first and most significant step in the medical billing and coding process. Denied claims can become a huge waste of time and money for any practice. Insurance verification and authorization is crucial in accelerating physician’s reimbursement process.Most of the claims get denied due to errors in eligibility. This happens because physicians and their practice staff have no way of knowing if a patient is eligible for coverage without verifying this information directly with the health insurance company.
The importance of insurance verification.
- Help in Increasing Revenue
- Minimizes Claim Rejections and Denials
- Increases Patient Satisfaction