Eligibility Verification
Weekly Verification Service
At Way2Cloud, our dedicated team conducts thorough monthly checks of patient balances, ensuring accuracy and efficiency.
Empowering Your Revenue Cycle:
Maximizing Returns with Eligibility Verification.
Minimized Claim Denials :
Our comprehensive insurance eligibility checks reduce the likelihood of claim denials, ensuring that services rendered are covered by patients' insurance plans.
Timely Revenue Collection :
With streamlined Deductible, Self pay balance or co-payment collection during check-in, we facilitate prompt revenue collection for medical services, enhancing cash flow for healthcare providers.
Transparent Financial Transactions :
Accurate co-payment tabulation provides transparency in financial transactions, offering a clear overview of revenue generated through co-payments.
Efficient Fund Transfer :
Swift and precise transfer of Deductible, Self pay balance or co-payment funds to the designated bank account ensures efficient financial management and revenue tracking.
Informed Financial Performance Assessment :
The insightful cash collection report empowers doctors to track their practice's financial performance and evaluate the success of our Eligibility Verification process.
Increased Patient Satisfaction :
Strict compliance with insurance regulations and transparent co-payment collection enhance patient satisfaction, leading to positive patient experiences at your practice.
Our Simplified Process
- Comprehensive Insurance Eligibility Checks:
Our meticulous process begins by confirming patients’ insurance eligibility before their scheduled visits. This proactive approach minimizes claim denials and ensures that services are covered by their insurance plans. We employ various verification methods, including direct contact with insurance companies and electronic tools. - Accurate Co-payment Tabulation:
We maintain a detailed record of all collected co-payments, meticulously reconciling them with patient visits. This process ensures precise financial transactions and provides a transparent overview of revenue generated through co-payments. - Insightful Cash Collection Report:
Our generated cash collection report provides a comprehensive overview of all funds received, including co-payments and other cash transactions. This report empowers doctors to track their practice’s financial performance and assess the effectiveness of our Eligibility Verification process. - Optimized Revenue Cycle:
Through our regular Eligibility Verification and co-payment collection, we streamline your revenue cycle management. Our approach minimizes the risk of claim denials, reduces outstanding balances, and optimizes overall revenue collection. - Enhanced Compliance and Patient Satisfaction:
We ensure strict adherence to insurance regulations and policies, providing a seamless check-in process and transparent co-payment collection. Patients appreciate the clarity in their financial responsibilities, resulting in heightened satisfaction with your practice.
