The popularity of high deductible insurance plans has caused the outstanding patient balances for most practices to skyrocket. Practices can now create an enhanced, less stressful experience for staff and patients by accurately estimating patient costs upfront.

 

Our clearinghouse partner has developed a tool that verifies eligibility, identifies patients with deductibles/coinsurance and then calculates patient responsibility based on historical carrier reimbursements.   Having a tool to verify eligibility and estimate patient responsibility ahead of time and collecting these amounts at the time of service, especially at the beginning of each year will have a positive impact on cash flow.