Insurance Verification to Maximize Collections

March 5, 2012 - PRLog -- Insurance verification is an important element in the medical billing process. When insurance benefit verification is not done in a proper and timely manner, it often leads to problems such as delayed payments, denials, and patient dissatisfaction. Outsource Strategies International (OSI), a leading outsourcing company in the U.S, can provide fast and efficient insurance verification services to maximize the collections of clients. OSI offers its services to hospitals, outpatient clinics, multi-specialty physicians’ groups, as well as individual and group physician practices of all sizes.

By outsourcing insurance eligibility verification requirements to OSI, clients are assured many benefits, which include:

•More focus on core medical activities
•Increased accuracy of medical billing
•Reduced denials
•Timely reimbursement

As part of the services, OSI’s professional team verifies payable benefits, patient details, pre-authorization number, co-insurance details, deductibles, patient policy status, type of plan and coverage details, plan exclusions, claims mailing address, and other details. A representative of OSI says, "Before patients are admitted into a hospital, we confirm insurance coverage eligibility with the insurance provider. Our health insurance verification specialist works with patients, checks for policy changes and updates, completes the paperwork, and verifies patient information with the insurance carrier."

The verification procedures involve:

•Receiving patient schedule
•Checking patient’s insurance coverage with primary and secondary payers
•Contacting patients, if necessary
•Updating the billing system with eligibility and verification details

Outsourcing the tasks to OSI can save your practice 30% - 40% of the total cost. All the work is verified by the quality assurance team to ensure accuracy. Clients receive personalized services, with all billing processes completed within customized turnaround time.

About Outsource Strategies International

Based in Tulsa, Oklahoma, Outsource Strategies International (OSI) is a leading healthcare business process outsourcing company focused on providing reliable medical billing and coding services. Apart from medical billing and coding, the company offers services such as medical transcription, medical office staffing, medical website design and SEO, and other value added services. Growth over the past few years has helped OSI establish its reach across the country and the world.

More information about the services is available at http://www.outsourcestrategies.com.  Call: (800) 670 2809 for a quick response.

Headquarters:
8596 E. 101st Street, Suite H
Tulsa, OK 74133

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Outsource Strategies International (OSI) offers medical billing services, focusing on every aspect of the medical billing / patient cycle. Our medical billing company is staffed with skilled and experienced billing specialists, coders, and other service personnel, having extensive experience in providing accurate results.