What is a verification of insurance?
Insurance verification establishes the eligibility of a patient's insurance claim, but not the requirement of the insurance provider to actually reimburse the patient. The authorization process binds the insurance payer to authorize the claim through a legally binding promise to pay a specified amount.
How can I verify my insurance quickly?
Contact the insurance company before the patient's initial visit. The bulk of the reason why you should start the verification process early is that it can take some time to complete this second step. You could be sitting on the phone for around 20 minutes—and that's with a relatively smooth verification process.
Why do some chiropractors don't take insurance?
Why doesn't health insurance pay for maintenance chiropractic care? Some health insurance plans don't cover maintenance chiropractic care because many health insurance companies don't see maintenance care as medically necessary.
What are the primary reasons for insurance verification?
What Is the Insurance Verification Process and Why Is It.... Improves Cash Flow. Accurate insurance verification ensures a higher number of clean claims which speeds up approval and results in a faster billing cycle. ... Minimizes Claim Rejections and Denials. ... Increases Patient Satisfaction.