BC Advantage - 2016 Issue 6

Eligibility: What You Need to Know

Protect the financial livelihood of your practice through coverage verification and balance collection.By: Beth Timpson Schleeper, CPC, CPCO, CPB, CPMA, CPPM, CPC-I, CEMCMaking sure your practice is paid in full for services rendered is a two-step process: First, verify every patient's eligibility for medical coverage before services are rendered. The turnaround time for claims payment is reduced greatly when coverage is verified prior to services. This step alone will improve cash flow for the practice. Second, collect the remaining balance from the patient. Practices who do not perform these two essential steps during check-in only recover approximately 30...

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