Patient Insurance Eligibility Verification Services | BHS
Business / by Micheal Connor / 17 views
When exploring ways to maximize your revenue cycle efficiency and profitability, healthcare providers need not look further than the first yet vital step of the revenue cycle process – insurance eligibility verification and prior authorization. When done right, it helps providers scale revenue, and reduce denials and outstanding accounts receivables.According to recent reports, healthcare providers spend on average 30% of their annual income verifying patient insurance eligibility as the current insurance verification landscape is becoming much more complex due to patients frequently switching insurance networks and rising financial responsibility.
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