Eligibility and Benefits Verification

The Revenue Cycle Starts Here

Verifying insurance coverage and plan-specific benefits information before services are rendered not only leads to fewer claim rejections and denials, but it also lays the foundation for an effective patient financial counseling program. With Experian Healthcare Eligibility and Benefits Verification, provider organizations can electronically validate patient co-pay, benefit and deductible information at any point in the billing process via batch or real-time insurance checks with an extensive payer network.

Improve Cash Flow

Having access to the most up-to-date eligibility and benefits data increases clean claims rates, eliminates costly rework and accelerates reimbursement. When leveraged in combination with Experian Healthcare Patient Responsibility Pricer – a tool that estimates a patient’s out-of-pocket financial obligations based on the latest payer contract terms – healthcare organizations can take advantage of a fully integrated insurance and benefits verification offering that increases time-of-service collections, minimizes bad debt and boosts patient satisfaction.

Streamline Workflow

View eligibility responses in a concise and consistent format, apply custom business rules and analytics to returned payer data, and receive notifications when edits or follow-up are required.

Boost Self-Pay Revenue

Capitalize on additional reimbursement opportunities by electronically matching self-pay patients against Medicaid and Managed Medicaid databases. After identifying any individuals who may unknowingly have coverage, providers can reclassify these patients and submit claims, which is often the quickest way to secure payment.

Additional benefits include:

Decreased A/R days
Cleaner billing system data
Reduced registration, co-pay and billing errors
Lower billing and collections costs