Handling healthcare claims and getting insurance companies to accurately disburse payments is a process that begins with verification of benefits (VOB). This first and crucial step in claims management involves more than simply co-pays and deductibles. Finding people who have experience with payer benefit systems can help round out your team, so you don’t have to take on the hassle internally.
At RevWerx, we provide comprehensive claims management services for your company’s evolving needs. Our team is made up of clinicians who understand what it takes to give your clients everything they need for recovery, as well as the nuances of healthcare billing. Find out more about RevWerx and our services today through our secure online form, or call us at 833.309.0138 today.
Understanding VOB in Medical Billing
Verification of benefits ensures that medical bills are accurate and fair for each client who comes to your business seeking recovery. A healthcare billing company can work together with your team to clear up any inaccurate, incomplete, or outdated data.
VOB services for medical billing should include verification of:
- Coverage and type of plan
- Status of individual policies
- Co-pays and deductibles
- Co-insurances
- Payable benefits
- Details of plan coverage and plan exclusions
- Pre-authorization
- Referrals
- Lifetime maximums
As more and more behavioral health centers open and grow, insurance providers are paying out a decreasing number of claims. This can make verifying benefits very challenging. As insurance providers add more and more criteria to their benefit plans, the administrative tasks involved in VOB can become quite burdensome.
Verification specialists can make this work much easier as they perform this additional work for you. This lets your employees continue delivering the same high-quality services as ever. A healthcare billing provider can take care of all the paperwork, directly working with your clients. This ensures that information is verified and reimbursements are maximized.
RevWerx offers VOB as a part of our comprehensive healthcare billing services. With experienced clinicians working on our team, we are proud to join your company in giving your clients the peace of mind they need to recover.
Verification of Benefits and Pre-Authorization at RevWerx
As your behavioral healthcare company grows, the demand for services may result in longer verification hold times. As these hold times grow longer, the billing cycle may be disrupted, affecting the quality of care your employees can provide to clients.
At RevWerx, we understand that the number one priority of any healthcare company is their clients’ health. That’s why we want to be your billing department, so you don’t have to overwhelm your employees with billing work. We offer help with every step of the billing cycle, starting with verification of benefits.
With RevWerx’s team, your healthcare company can access complete VOB services while ensuring that:
- Each individual policy is verified rather than applying any “cookie-cutter” data that could result in unpaid claims or services being denied.
- Insurance companies get accurate information regarding each client’s specific needs so that benefits are given accurately.
- Communication with insurance companies is done smoothly and with expertise.
Verification of benefits doesn’t have to be a roadblock in the billing cycle, affecting your employees’ workload and ability to provide a high level of service.
Streamline the RCM Billing Process with RevWerx
With RevWerx, your company can accelerate the entire billing process and allow the business to grow without disruption. We offer a full spectrum of RCM services, including billing audits and reporting, claims management, utilization reviews, VOB and pre-authorization, in-house billing implementation, and aging collections management.
Best of all, your staff can easily communicate with and understand our team at RevWerx, because we have many years of experience in the healthcare industry. In collaboration with RevWerx, your company can accelerate its billing cycles and give your clients services you can be proud of. Reach out to us today through our secure online form, or call 833.309.0138 to speak with our friendly team.
