If you are looking for a way to streamline your daily operations and spend more time with your patients, you need to expedite the insurance eligibility verification process. Instead of doing this on your own, you need to reach out to a professional company that offers insurance eligibility verification services. Learn more about the top benefits of relying on a professional insurance eligibility verification service, and reach out to DataMatrix Medical with any questions or concerns. We would be happy to help you.
1. Less Time Spent Talking to Patients About Insurance Coverage and Billing
If you experience an increase in patient complaints related to billing issues due to insurance coverage, etc., this could be a sign that you may want to work with a professional insurance eligibility verification service. By hiring a professional team that can work with the insurance company before the patient’s visit, you can reduce negative interactions and allow time for other positive patient interactions. In addition, the patient will be confident that their insurance will cover their treatment. If a professional team can act as the go-to resource for your office, you can reduce your patient’s stress and focus on more important tasks!
2. Quick and Accurate Claims Approvals
The next reason why you need to work with a professional medical insurance eligibility verification service is that you need to increase the number of claims that get approved. Think about how many claims you get denied every month. Now, think about the number of times the insurance company calls to ask for more information. This is not how you want to spend your time. If you want to increase the number of claims that get approved, and if you want to get paid more quickly, you need to work with a medical insurance eligibility verification service that can make that happen for you. A professional insurance eligibility verification service can inform the practice of the correct eligibility status prior to treating the patient. This will help in a quicker and higher rate of approvals.
3. Less Stress on Office Staff
Having a stress-free work environment is hard to come by. You need to do everything you can to keep your office staff happy. Many times they spend a lot of time dealing with insurance companies, and can sometimes be very frustrating. Time is also spent helping your patients with other needs. Bouncing back and forth between these tasks can take a toll on your staff’s morale and can increase burnout. A 2021 study by the American Psychological Association (APA) shows that 66% of employees view their job as a very significant or somewhat significant stressor. A stressed-out worker is an unhappy worker, and an unhappy worker can be an unproductive worker. One of the best ways to eliminate this stress is with the help of a trusted medical insurance eligibility verification service like DataMatrix Medical.
4. Generate More Revenue for the Practice
If you want to generate more revenue, you need to not only make sure your claims are approved but also continue to grow your number of patients. Think about the amount of time you and your staff spend on the phone with the insurance company. If you had a professional insurance eligibility verification service to do this for you, could you provide better quality care for all of your patients? Ensuring that you get reimbursed by the insurance company for all patients that are treated is one of the best ways to increase revenue for your practice.
5. Reducing Your Stress & Increase Your Patient Engagement
Finally, one of the biggest reasons why you need to work with a professional insurance eligibility verification service is that you need to protect your own mental health in addition to your staff’s. A Colonial Life study found that stress reduces engagement by 33% and can reduce productivity by 41%. To aid in reducing your stress so you can be more productive and spend more time engaging your patients, you don’t need to worry about dealing with the insurance companies. If you want to protect your own sanity and mental health, find a professional medical insurance eligibility verification service that can deal with the insurance company on your behalf. That is where our professional team can help you.
Rely on Medical Insurance Verification Services from DataMatrix Medical
If you are looking for a way to expedite the healthcare insurance eligibility verification process, you need to reach out to a professional team that can help you. At DataMatrix Medical, it would be our pleasure to work with you personally to develop a professional insurance eligibility verification service plan that will meet your needs. This will allow you to spend more time engaging with your patients and less time on the phone dealing with the insurance company or worse stressed staff members. Contact us today to learn more about how we can help you.