Verifying insurance benefits is essential for medical providers to ensure timely reimbursement for services rendered and to avoid claim rejections. However, the process can be long and complex, especially for busy practices.
IOU Billing offers a solution to offload the hassle of benefits verification. We work with you to verify your patients’ insurance coverage and benefits, so you can focus on providing quality care.
Benefits of using IOU Billing for benefits verification:
- Save time and money: We take care of the time-consuming and complex task of benefits verification, so you can focus on your patients.
- Reduce claim rejections: We have a team of experts who are familiar with the latest insurance rules and regulations, so we can help you avoid costly claim rejections.
- Improve patient satisfaction: By verifying benefits upfront, we can help you avoid surprises for your patients at the time of service.
Contact IOU Billing today to learn more about our benefits verification services.
Residential health facilities and behavioral health providers need to verify that their clients have insurance or other means of payment before providing services. This process can be time-consuming and complex, especially for busy practices. IOU Billing offers a comprehensive verification of benefits service to help you save time and money, and avoid claim denials.
Benefits of using IOU Billing for verification of benefits:
- Save time and money: We take care of the time-consuming and complex task of benefits verification, so you can focus on providing quality care.
- Reduce claim denials: We have a team of experts who are familiar with the latest insurance rules and regulations, so we can help you avoid costly claim rejections.
- Improve patient satisfaction: By verifying benefits upfront, we can help you avoid surprises for your patients at the time of service.
How we can help you verify benefits:
- Verify all required information: We access online verification portals and call insurance companies to document all required information, including plan type, coverage details, payable benefits, copays/coinsurance, deductibles, patient policy status, effective date, plan exclusions, out-of-network benefits, service highlights, utilization management, and health insurance cap.
- Capture procedure-specific coverage and benefits: We capture procedure-specific coverage and benefits, and all out-of-pocket costs so that a patient knows what will be due from them at the earliest encounter.
You are in control:
You can choose to have us completely manage the benefits verification process, or we can work with you to develop a customized plan that meets your specific needs.
Contact IOU Billing today to learn more about our verification of benefits service.