For many healthcare providers, insurance claims can be the most convoluted part of the whole process. It ties up providers and causes around $262 billion in insurance denial losses annually. This can be partially attributed to the way insurance payor information is taken. Classic paper and clipboard, digital intake, and OCR technology all have significant drawbacks which prevent it from being a reliable option for providers. The best way to get a more reliable health insurance benefit verification automation system is by partnering with an insurance card capture company.
When you purchase or partner with a card capture company, you have access to their systems and a dedicated team to maintain and update them. On top of that, you only have to pay for API subscriptions and transactions. Unfortunately, you must be conscientious of who you partner with. An unresponsive or shady vendor can sabotage your business because of the heavy need for health insurance claims.
Fortunately, Orbit Healthcare offers both credibility and reliability. In 5 seconds or less, they can validate, verify, and map payer and plan information with a 98.5% accuracy rate. Whether it be a printed ID, phone screenshot, or digital wallet, Orbit helps to make your claim process as seamless as possible.
Source: Orbit Healthcare
