3 Reasons Why You Need to Invest in Verifying Your Benefits

Verifying benefits is one of the most important parts of accepting insurance at your practice. It’s important that you dedicate appropriate resources to making sure you are correctly verifying your patients’ benefits.

1) Good insurance verification operations directly impacts your cash flow 

If you invest in doing verification of benefits right, you will see an increase in cash flow. Accurate verifications will lead to you getting paid on claims and increase cash flow.

2) Good insurance verification operations minimizes denied claims

If you invest in doing verification of benefits right, you will see a reduction of claim denials and get paid quicker.

3) Have a dedicated individual do verifications

A lot of practices have the front office staff handle insurance verification. Given how time consuming verifying benefits is, this comprises a large portion of the front desks’ day which takes away from time they could be using to fill your schedule and check patients in. You should want to have your patients to interact with your patients. If you don’t have someone on your team dedicated to verifications you can also outsource verifications to a company like One Body.

4) Happy patients

Patients appreciate it when they are given benefits information up front before their visit. Providing a summary of benefits to patients makes a better patient experience and will increase patient retention.

5) Requirement to provide benefits

Already, due to the No Surprises Act, practices are required to disclose how much a visit is going to cost to uninsured or insured but paying cash. There is talk that this requirement will extend to all practices and you will be required to give benefits to patients whether they are using insurance or not. 

If you are interested in learning how One Body can help you with your verification of benefits, please fill out the contact form below or email hello@onebodywellness.com