Verify healthcare insurance eligibility in real time
Digitally verify healthcare insurance eligibility, coverage and benefits
Nearly 50% of patients say that a clear estimate of financial responsibility will impact whether they will see a particular Provider or not, and 70% of patients are more likely to pay if they receive an estimate on the day of service.
Firstsource’s Healthcare Cloud: Insurance Eligibility Verification services enable real-time or batch verification, claim status monitoring and fraud mitigation. The healthcare insurance eligibility verification solution checks the status of your patient’s deductibles and co-pays based on their coverage – across the billing process – from scheduling and pre-registration to registration and discharge.
With robust features such as real-time processing, HIS integration and 24/7 support, the solution seamlessly integrates with your EHR and EMR systems for enhanced decision making and superior financial outcomes.
Uses exception-based error detection to identify costly errors early on and reduce rework and front-end related denials
Reduces upfront denials using patient address validation, patient identity and healthcare insurance eligibility verification
Complies with price transparency regulations and improves patient satisfaction with accurate out-of-pocket cost estimates
Outcomes delivered
125%
Increase in POS cash collections six months from go live
25%
Reduction in no-shows and cancellation rates
95%
Personalized bill estimate accuracy
25%
Reduction in in-person registration time
See how we bring it all together
Our cloud-first healthcare insurance eligibility verification solutions dramatically reduces denials, decreases Accounts Receivable days, and increases revenue. It significantly improves Point of Service (POS) collections through real-time insights into co-payments, deductibles, and other relevant data.
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