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Outsourcing Insurance Authorization - What Are the Benefits?

Outsourcing to a reliable company will help you to efficiently meet your insurance authorization needs. Outsourcing brings a wide range of benefits as well.

Author: Outsource Strategies International
Date: Dec 11, 2012 - 11:08:02 PM

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Obtaining insurance authorization is the responsibility of the physician’s office to make sure that the patient receives the best care possible, and also to ensure the due reimbursement for services provided. Claim denials occur when a patient is not eligible for services billed by the provider. So, it is necessary to carry out insurance eligibility verification and insurance authorization to provide covered treatments for your patients and thereby improve patient satisfaction. Outsourcing insurance benefit verification and authorization to a reliable medical billing company is the best way to have these vital processes taken care of efficiently.

By outsourcing insurance authorization, healthcare facilities can gain a wide range of benefits. You can give your practice a competitive advantage by seeking the support of a reliable service provider. As there are several providers in the scenario now, obtaining insurance verification and authorization has become simpler for healthcare facilities including hospitals, medical groups and independent healthcare providers. The entire process, from making calls to the insurance agencies and following up with them to getting the documentation done in the end will be taken care of by the service provider.

Outsourcing Benefits

Outsourcing offers a number of advantages for the healthcare provider. One of the major advantages is that you can save your valuable time by entrusting the task to these specialists. The time that is saved can be better used for providing quality healthcare to your patients.

Apart from being a time saving option, there are many other reasons that make outsourcing insurance eligibility verification and insurance authorization a great solution for healthcare providers. Listed here are some of the benefits of outsourcing insurance authorization.

•Reduce your risk factors
•Simplified workflow
•Reduced paper work and fewer claim rejections
•Co-ordinates all requests and communication with insurance companies regarding the pending or missing requests
•Maintain your authorization records electronically
•Get access to specialized services
•Speed up billing cycles
•Minimize delays considerably
•Maximize office efficiencies and economies of scale
•Reduced rework of claims
•Toll free fax and phone for live assistance
•Reduced number of returned claims
•Improved staff productivity
•Free up workforce to focus on more productive tasks
•Improve payment and collections
•Speed up approval and authorization
•Provision to check the status of your application online

Choose the Right Service Provider

To get maximum benefits from outsourcing insurance authorization, associate with the right service provider that can work as a virtual extension of your office. While outsourcing the task to the medical billing company, it is very important to ensure the credibility of the provider. Consider whether the service provider offers you a password protected online account; allows you to change the parameters of your online account information any time you want; and observes HIPAA compliance. Once you are confident about the trustworthiness of the service provider, you can be assured that the authorization would come to you without any trouble.

Outsource Strategies International (OSI) offers medical billing services, focusing on every aspect of the medical billing / patient cycle.Standing abreast with the best medical billing companies in the US, OSI’s focus has always been on providing solutions for speedy reimbursement.

View all articles by Outsource Strategies International

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