Our Assistance Can Maintain Your Persistence

Eligibility Verification

Claim denials and rejections are quite common. Over 10% of patients’ insurance claims get denied due to a lack of proper eligibility verification of the insurance policy. On the other side, many patients could not be able to avail all benefits due to wrong verification. 

Most of the time it happens due to termination or modification of the insurance policy. Moreover, after facing lots of challenges, the patient eligibility verification process gets neglected.

To ensure clarity at the right moment, no payment delays, decreased errors, and patient satisfaction. Magnum Billing Solutions can help you with its experienced staff and its remotely hosted solution for eligibility verification at hospitals and medical centers.

Eligibility Verification Services Include:

Document verification

First, we ask for required documents from the healthcare organization. Once received, they are thoroughly checked by our team of experts, and then sent further to the insurance company (if everything looks good).

Coverage Verification

Our team verifies patients’ insurance coverage with primary and secondary payers. Furthermore, the patient’s liability, copays, co-ins, out of the pocket cost, and other medical benefits are assessed through the insurer’s online portal or over the phone.

Patient Information Correction

If in case there is any discrepancy between the existing information and the real information, our insurance support executives follow up with the patient and get them rectified.

Claim Submission

Lastly, we file the claim and give relevant/required claim information such as member ID, group ID, insurance coverage dates, co-pay information, etc. to our clients for their records.

Why Choose Our Eligibility Verification Services

Increased Clean Claims

Improved Account Receivable cycle

Increased Cash Collections

Reduced Write-Offs and Denials

Coding Services

To meet your organization’s financial and compliance goals, it is crucial to have accurate and efficient medical coding. Our team is known for their quality of work in the entire healthcare industry. Our coding accuracy percentage range goes up to 90%.

Services include:

  • Coding staff
  • Strategic sources
  • Education solutions

Magnum Billing Solutions provides integrated solutions and expert services. It can improve your A/R days, cash flow, medical coding backlogs, lost reimbursements, and background checks. Our services are highly secure and of good high quality.

Why Choose Our Medical Coding Services?


Effective and affordable pricing


Flexibility to choose operations area


Transparent and comprehensive Service Legal Agreements


Regular reporting, reconciliation, and analysis  


Dedicated account manager


Easy to adapt: No need to change from PMS/EMR

Claim Management

Our team of experts understand the preciousness of time in the healthcare industry. They submit the insurance claims and keep track for faster processing. Claim submission is done through any clearing house. 

Payment Posting and Balance Billing

The claim amount is posted to the patient’s bank account and the team checks for denials and underpayment recovery. If there is any balance even after the insurance payment, the bill is then handed over to the secondary payers or the patients. 

Denials and Underpayment Recovery

Payments are the crucial driver of any business. We can help you get your hard-to-collect payments and close patient accounts with full recovery. You can have our words for this! Also, if you outsource payment collection services to us, we will ensure you get payments in compliance with your payor. Moreover, you can rely on us for payor contract negotiations.

 

As we believe in transparent processing, we provide a detailed report on each activity of recovering claims. Our team pursues every payment to its logical conclusion. 

Patient Balance Collection

With a  team of experts in payment collection, we have induced innovative technology-assisted processes along with patient advocacy to increase the number of collections and reduce lead times on collection.You will be provided with a daily report on patient balances and standard bad-debt reports for your reference.

RCM Analytics

With Magnum Billing Solutions, you can expect the following changes in your results:

Claims being paid on the first pass – 98%

Average improvement in the time cycle of A/R – 19 Days

Maximum claims billing lag – 72 Hours

Service Highlights

Success rate of claims being PAID on the first pass

98%

Average improvement in cycle time of A/R

19Days

Maximum Claims Billing Lag

72Hours
  • Absolute transparency
  • Realistic impact analysis
  • No deal will be accepted before your consent
  • Well-documented data for your reference
  • Frequent process reports (monthly/quarterly/yearly)
  • Nominal charges