Insurance Eligibility Verification is the process of verifying a patient's insurance in terms of three different statuses, including coverage status, active or inactive status, and eligibility status..
Eligibility verification reduces the need for denial management, which leads to the payer's immediate reimbursement. Patient contracts, provider portals, and other methods are used in this process.
A "verification of benefits" (VOB) is a way to confirm that the insurance company will pay you for the services you provide. This is the initial step in securing payment from the patient's insurance company as well.
The process of ensuring that a patient's insurance plan covers the services you offer and is in your network is more crucial.
Our eligibility verification team takes care of the patient's eligibility verification since they believe the patient is not aware of the cost-sharing arrangements, such as the deductible, coinsurance, co-pay, and out-of-pocket costs.
We at Mayntra Healthcare make sure to verify all the documents on your behalf, analyze them, and make a proper report for you to proceed smoothly with the treatment.
