Difference Between Insurance Verification and Prior Authorization

Difference Between Insurance Verification and Prior Authorization

Insurance verification and prior authorization are essential processes in dental billing, serving different purposes, but both are equally important for ensuring proper coverage and reimbursement for medical services. These help dental providers determine the patient's financial responsibility and address what insurance companies require to approve specific medical procedures. Both insurance verification and prior authorization are critical for avoiding payment issues between payers and dentists. However, a problem arises when some practices need to understand the nature of these processes and consider both insurance verification and prior authorization to be the same. In this article, we will discuss what these two are about, how to perform them, and what their benefits are.

What is Insurance Verification?

Insurance verification, also called insurance eligibility verification, is the foremost step in dental billing which is characterized by the confirmation of a patient's coverage. This step is compulsory for a smooth healthcare experience, as it involves the gathering of pertinent information to authenticate coverage for the services to be provided. Insurance verification is performed to mitigate the potential risk of conflicts between providers, patients, and insurance companies. It is a must to ensure that the care rendered by a dental facility will be financially viable. The process itself serves as the foundation for financial stability of a practice.

How To Perform Insurance Verification?

In this section you will go through all the essential steps of insurance verification.

Gather patients and insurance details

Dental Insurance Verification begins with a smooth and effective patient information collection process. During the process, professionals should make sure that they collect accurate patient information such as name, date of birth, contact details, and insurance policy specifics. Data entered should be checked twice in order to avoid any discrepancies.

Coverage details verification

After successfully accomplishing the first step, follow it with validating coverage details such as eligibility, benefits, deductibles, and copays. You can choose to contact the insurance provider directly or opt for utilizing online verification tools. This will assist you in providing transparent cost estimates and avoid any dispute.

Check secondary insurance if applicable

In some scenarios, patients may have secondary insurance coverage. They might have secondary insurance coverage through their employment or may be covered by a spouse's insurance plan. So it's important to verify this information as well. Secondary insurance confirmation will provide you with a comprehensive coverage assessment. You can make informed decisions to ensure financial protection of patients and minimize uncovered expenses. It is important in both insurance verification and prior authorization

Documentation in insurance verification

Documenting all dental insurance verification details accurately is essential for maintaining organized records and facilitating seamless communication with patients. Clear and concise communication regarding coverage status, financial responsibilities, and any potential issues ensures transparency and helps manage patient expectations.

Initiate prior authorization and updates

Certain medical procedures or treatments may require prior authorization from the insurance provider. Initiate the authorization process promptly to avoid delays in patient care. Additionally, stay proactive in updating insurance information as policies change or renew, ensuring ongoing coverage verification.

Provide services and follow up

Once insurance verification is complete and coverage confirmed, proceed with providing the necessary medical services. Following up with insurance providers post-service ensures timely claims processing and resolution of any billing discrepancies. Effective follow-up procedures contribute to a positive patient experience and efficient revenue cycle management.

What are the benefits of insurance verification?

In this section we will discuss some of the key benefits that insurance verification holds for a dental practice.

Fewer Claim Denials

By verifying patient insurance coverage well in time a provider can avoid facing claim denials. Payers tend to deny claims that are submitted under inactive policies, lack of coverage for the service rendered, or if the provider fails to obtain prior authorization. Fewer claim denials mean a steady cash flow ensuring that the provider receives reimbursement in a timely manner.

Increased Patient Satisfaction

When a practice verifies insurance coverage upfront, there is a very limited chance of a patient facing any surprise or inflated bill. They would know everything associated with the services well in advance. This improves patient satisfaction and increases their trust in a practice. It will ultimately increase the chances of patient retention for a dental practice.

Fewer Administrative Burdens

Insurance Verification saves you the trouble of increased administrative burden. Without it your practice might face long queues of denials or incoming queries from patients as they would not be well communicated about the coverage of the services.

More Efficient Scheduling

Having prior knowledge of the services covered by insurance enables clinics to streamline appointment management. They can give priority to services that insurance covers, leading to smoother operations and reducing the number of last-minute cancellations. This proactive approach optimizes the use of resources, ensuring that clinic staff and facilities are utilized efficiently. Additionally, patients experience fewer disruptions to their scheduled appointments, resulting in enhanced satisfaction with the clinic's services. Overall, efficient scheduling based on insurance coverage information contributes to a more organized and effective healthcare delivery system.

More Efficient Resource Allocation

Clinics benefit from understanding patient insurance to allocate resources effectively. They prioritize services with higher coverage and reimbursement rates, ensuring optimal resource distribution. This strategic approach maximizes the benefits derived from resources, improving clinic performance and patient satisfaction. Efficient resource allocation based on insurance knowledge enhances the quality of care delivered and streamlines clinic operations, ultimately contributing to better healthcare outcomes.

What is Prior Authorization?

Prior Authorization in dental billing involves seeking approval from a patient's insurance company before proceeding with certain dental procedures.This step is crucial as insurance companies necessitates prior authorization to verify the medical necessity and coverage of the proposed treatment. In cases where prior authorization is mandatory yet the provider fails to ask for it, the insurance company will be well within its rights to reject the claim for reimbursement of such a service. So the best practice for a dentist is to first get done with authentication and then proceed with confidence, saving trouble for the patient and himself. Prior authorization is also referred to as precertification, pre-authorization, prior approval, and predetermination

How To Seek Prior Authorization?

Following is a step by step procedure that industry leaders opt for obtaining prior authorization from payers.

  1. Thoroughly read out the patient's insurance policy to understand prior authorization requirements and coverage limitations for seeking prior authorization.
  2. Collect all the relevant information that you might need such as documentation done by the front desk and supporting diagnostic tests and scans performed to support the prior authorization request.
  3. Communicate with the insurance company through any suitable channel such as their portal. Put forward your concerns and answer any questions that they might ask.
  4. Regularly follow-up with the insurance company on the pre-authorization request. If they ask for any additional documentation, provide them with it.
  5. Once prior authorization is obtained, document the approval details, including authorization numbers and validity dates, in the patient's records. Inform the patient of the approved treatment plan and any associated financial responsibilities.
  6. If insurance denies prior authorization, lodge an appeal. You can outsource this to a legal team who has experience in dealing with such cases.

What are the benefits of Prior Authorization?

Following are some of the leading benefits of taking prior authorization.
Treatment Planning
Treatment planning is crucial for a patient’s recovery. Prior authorization paves the way for treatment planning by minimizing delays and ensuring timely care for patients. The proactive approach helps clinics direct their workflow, optimize resources, and allocate staff effectively. It allows patients to receive immediate attention and increases their satisfaction.
Patient Education
The most important thing is that the prior authorization acts as an educational tool for patients regarding their insurance coverage and potential out-of-pocket costs. Through this process, patients gain a better understanding of their healthcare benefits. Being equipped with this knowledge allows patients to make balanced decisions about their treatment options, weighing the benefits and costs associated with different procedures.
Quality Assurance
Prior authorization requirements promote quality assurance by mandating documentation and justification for treatments, the process ensures that care is evidence-based and clinically appropriate. Healthcare providers must demonstrate the medical necessity of proposed treatments, considering factors such as patient history, diagnosis, and treatment guidelines. This rigorous evaluation process helps to prevent unnecessary or ineffective interventions, reducing the risk of adverse outcomes and improving overall patient safety.

MedsDental: One Stop Solution for Insurance Verification and Pre Authorization in Dental Billing

MedsDental has a dedicated team who deals with the technicalities of the insurance verification process. From supporting documents to gathering coverage details, our expert does the most important step of dental billing for you in an accurate fashion. You can count on our team as they not only guarantee results but full support in case a claim gets denied. Our experienced staff also helps you with the cumbersome task of seeking pre authorization. They communicate with the payers on your behalf and present your case in a commendable way.

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