Prior authorization Services
Prior Authorisation (PA) has been in talks since the healthcare industry had first undergone significant changes in terms of an increase in specialization of services. Prior Authorization is an important process in the revenue cycle management that requires the healthcare providers to determine their patients’ coverage and obtain approval from the insurance companies before going ahead with any treatment or service.
The health insurance company must verify whether the patient is eligible for insurance for a certain medication or procedure. It is a common practice for the healthcare provider to parallelly check for authorization from the insurance carriers. The main intent of this process is to ensure safety and cost-savings by eliminating unnecessary and complex denials, which result in bad-debts for the healthcare provider.
Although prior authorization is an integral process, it is often time-consuming, cumbersome, and complex. In an event where the preauthorization is not granted to the patient, the medical provider may be held accountable or responsible to switch to a new treatment or medication. This results in treatment delays and providing optimum patient care. In some events where few medical procedures, treatments, or medications are already given, the healthcare provider may not get paid for the same, resulting in revenue loss.
Many hospitals and healthcare providers often struggle with financial losses or the massive burden of administrative duties which hinders their primary motive of patient care. It is high time to consider outsourcing the prior authorization services to professional RCM players who will better manage the services and contain the costs for the providers.
Kaiser is a leading provider of RCM services in the healthcare industry in the US and abroad. We ensure reliable, scalable, and accountable revenue management services that give you accurate claim submission and prompt reimbursements at competitive rates. Accuastrategies’ first-class outsourcing services not only simplifies the RCM process but provides various benefits to the clients:
Our services offer several benefits :
In the wake of the fast-changing healthcare industry, it is important to partner with a specialist that provides multi-faceted solutions that guarantee your success. Kaiser customized services will allow you to receive the reimbursement in record time, ensuring your financial success and stability.