With the rise of high-deductible health plans (HDHP), patient out-of-pocket (OOP) costs, and the constant changes to patient insurance mean that more than ever, medical organization need timely benefit information.
Real-time verification at the point of care is a critical business requirement that helps you stay in business.
How many manual eligibility checks does your practice perform per provider each day? How many days a week do you see patients?
Consider the salaries of those performing your manual checks and discover that a switch to real-time, electronic eligibility verification could save you tens of thousands of dollars per provider each year.
The average manual eligibility check takes 12.64 minutes, according to the AMA. This creates an impossible task for your employees to accurately and thoroughly complete the eligibility checks for every one of your patients. Electronic verification cuts this time significantly.
Twenty-four percent of claims are denied because of eligibility issues. Automating your verification process reduces errors and prevents costly denials saving your practice time and money.