Instant insurance verification of benefits is not a guarantee of payment.
Sometimes I wonder. This raises a couple of questions like, “Why do insurance companies not pay a claim?”
Furthermore, why would the insurance company be so focused on this statement even after you verify the benefits of a particular policy that they would still include this disclaimer? It feels like they are already looking for an out and you haven’t even admitted the patient. Isn’t the purpose of calling to verify the benefits to know what they will pay?
Instant verification of Benefits with each insurance company is its’ own journey. There are many different insurance companies.
They all have their own portals like Blue Cross Blue Shield insurance verification of benefits. Here are some others.
They all have their own portals to log in to. Doesn’t the word verify even make you assume that the benefits are available to that particular patient? Well, it’s not that simple and there is a bunch of information that not only goes into the instant verification of benefits but the billing and collections as well.
It’s all too familiar to revenue cycle managers when they see this complicated process. How can they differentiate what the benefits actually are? They also need to know, how to bill the claim for the correct bill code? There are many factors that go into substance abuse building for a medical healthcare claim. Everything from doctors’ notes to build codes to even special regulations for specific insurance policies. These all come into consideration when evaluating a medical claim on insurance benefits.
Obviously, the keyword is guaranteed. Even though you verify benefits you could still mess up in any of these ways and more and not be paid. Instant verification of benefits is only the beginning step in submitting a claim to your insurance provider.
Instant insurance verification of benefits has never been easier with instantVOB™. It was built mobile-first. This online portal can verify hundreds of insurance policies instantly in the palm of your hand. The verification of benefits form displayed shows you everything from deductibles out-of-pocket both individual and family. It also contains many different healthcare-related specialties and prescription drug benefits. This tool has revolutionized the way healthcare centers have verified benefits and increased revenue across the board to its customers. Most centers see a dramatic influx of patients due to the availability of providing accurate information to their patients in a timely manner utilizing instantvob™. No one likes to hear that when they’re trying to get clinical services.
“I’ll call you back in an hour two”- if you’ve ever worked as a front office manager
of any healthcare facility you know how much this frustrates the patient. Knowing
that 90% of Americans are insurance dependent, whether be from private
insurance, Medicare, or Medicaid this information is paramount when verifying
benefits.
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