Taking a few minutes at the time of scheduling to verify the patient’s information saves hours, if not days, of headaches on the backend once the claim is in billing and collections. Unfortunately, many practices do not have a foolproof and consistent method for financial clearance.
This is why MedEvolve developed Financial Clearance Workflow Automation to do the work for you:
- Verify insurance and co-insurance
- Confirm insurance benefit coverage
- Estimate patient liability
- Collect projected balance and prior balances (or deposit or CC on file)
- Validate demographic information
- Check authorization requirements and secure