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The Benefits of Outsourcing Medical Insurance Verification Presented By Global Transcripts www.IndiaGT.com Call Us at 866-767-7019 (Toll Free)
Introduction • Transcription services are a necessity in today’s business environment for smooth functioning. • There’s a requirement for skilled transcriptionists for audio / video recordings of different business interactions such as presentations, meetings, conferences or workshops. • Textual transcript is required by some business organizations to avoid lawsuits or disputes in the future. What is Insurance Verification and Eligibility Authorization? Call Us at 866-767-7019 (Toll Free) www.IndiaGT.com
Insurance Verification is one of the most important components of medical billing. Call Us at 866-767-7019 (Toll Free) www.IndiaGT.com
Why Outsourcing Does it Makes Sense? • Verification requires speed, efficiency & accuracy that only trained transcriptionists can offer • About 90% of the insurance denials are due to incorrect demographic or insurance information. • The medical office does not have time and resources to perform Quality checks and often rely on information given by the patient and entered by the staff while performing other functions. • Our service guarantees 99%+ accuracy and 100% QC on all entries. Call Us at 866-767-7019 (Toll Free) www.IndiaGT.com
Insurance Verification Services • Improve Account Receivable • Increased number of clean claims • Increase cash collections by reducing write-offs and denials Call Us at 866-767-7019 (Toll Free) www.IndiaGT.com
How Does Outsourcing Reduce Costs? • No need to invest resources on IT infrastructure used for transcription • IT department doesn’t have to troubleshoot on various platforms & software used Call Us at 866-767-7019 (Toll Free) www.IndiaGT.com
Insurance Verification Services • Receive Schedules from the Hospital via EDI, email or fax • Verify coverage on all Primary and Secondary (if applicable) Payers by utilizing sites like WebMD, Payer Web Sites, Automated Voice Responses and phone calls to Payers • Contact patient for information if necessary • Provide the client with the results which include eligibility and benefits information such as member ID, group ID, coverage end and start dates, co-pay information and much more Call Us at 866-767-7019 (Toll Free) www.IndiaGT.com
Services Related to Insurance Verification • Obtain Pre- Authorization Number • Obtain referral from PCP • Enter/update Patient demographics • Remind patient of POS collection requirements • Inform client if there is an issue with coverage or Authorization • Medicaid Enrollment Call Us at 866-767-7019 (Toll Free) www.IndiaGT.com
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