Insurance Eligibility Verification (IEV): How to Streamline a Complex Process?

Insurance Eligibility Verification (IEV): How to Streamline a Complex Process?

Many medical professionals and facilities experience claim denials, but in reality, the process is often misunderstood. In most cases, claim denials result from failing to verify benefits properly before providing services. Verifying insurance eligibility and obtaining prior authorization is an essential step in the medical billing process. Any practitioner or medical professional providing a service or medication must be willing to follow this process to […]

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Common Reasons for Insurance Claim Denials and How to Avoid Them

Common Reasons for Insurance Claim Denials and How to Avoid Them

It can be a frustrating experience for everyone involved when a patient’s insurance claim is denied. In addition to being stressful for you and your patients, it can negatively impact the business cash flow too. Although some claim denials can be successfully appealed, they can nonetheless temporarily leave claim status up in the air, which is undesirable for both your practice and your patients. In […]

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Patient Payment Challenges—and How to Resolve Them

For any healthcare provider, keeping up with patient reimbursement is a constant challenge. High deductibles might seem like a good strategy initially, but they don’t always pay off in the end. Over the last few years, the total percentage of patient payments has increased significantly owing to the fact that more patients choose High Deductible Health Plans (HDHP). The results of a survey on healthcare […]

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5 Proven Medical Billing Tips to Improve Payment Collections

5 Proven Medical Billing Tips to Improve Payment Collections

The medical billing process can be equally complex and frustrating for providers and patients. To get paid, providers must submit accurate and complete claims to insurance companies, which can be time-consuming. What’s more, insurance companies often deny claims or only pay a portion of the billed amount, which can lead to significant reductions in revenue. As a result, improving medical billing and collections is a […]

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