The primary reason for claim denials is because a patient is not eligible for services billed to the insurer by the provider. Clarus RCM helps healthcare providers reduce their accounts receivable cycle and increase revenue by reducing denials on account of ineligible patients.
Issues on account of lack of strong eligibility and benefits verification processes:
Reduction in clean claims ratio
Claim denials and consequently rework
Delays in payment from healthcare payers
Reduction in the profitability of the practice
Our eligibility and benefits verification and associated services
We deploy the people, technology and apply our experience to ensure accurate determination of insurance eligibility. Our services include:
Receive Patient Schedules from the healthcare provider
Verify coverage on all primary and if applicable secondary payers by utilizing payer websites, and IVR systems
As required, we make calls to payers to check the eligibility status and patients for additional information
Update the results on the practice management system – update member ID, group ID, coverage start and dates, copay information and much more
We also provide additional services such as reminding the patient of the POS collection required, obtaining referrals from Primary Care Physicians (PCPs)
Prior Authorization services
Our comprehensive prior authorization services ensure that your patients get timely care while ensuring that you get paid for the services you provide
The documentation requirements vary by payer. We prepare prior authorization requests in payer-specific formats
We follow-up on submitted requests in a timely manner
Update the revenue cycle systems on the status of the prior authorizations
Benefits of our Eligibility and Benefits Verification and Prior Authorization Services
Improve speed to care for patients waiting on eligibility verification, particularly for procedures that require prior authorization
Improve clean claim submissions
Reduce days in A/R
Improve collections and profitability
Reduce costs by as much as 50% through offshore delivery
connect with us
To learn more about our eligibility and benefits verification, and prior authorization processes, please fill the form and we will be in touch.