For hospitals and healthcare providers with existing revenue cycle management programs, being able to manage your eligibility services can significantly add to your revenue as well. With the coming of the Affordable Care Act is the new health insurance marketplace. And with this comes the new health insurance marketplace coverage options.
There are different coverage options now that are available for the eligible, and being able to manage these claims will make sure that no client is lost and with the service the client has received, a repeating, long-standing client for the hospital or healthcare provider is gained as well. The addition of an eligibility management service makes sure that these types of clients enter your institution without hassle and close the deal with these clients.
There are a lot of people applying for the recent obamacare act and even though open enrollment is over, there are still ways for the people to apply. One of the ways is through the special enrollment period which happens when a life event happens in your life, such as a marriage, having a baby, or losing health coverage of another plan.
There is also the option of medicaid provided to children, also known as CHIP, that is Children’s Health Insurance Program. Thanks to the addition of these two ways to apply, the influx of applicants do not change. There are now more candidates for eligibility, hence an eligibility management service is recommended for hospitals and healthcare providers to ensure that these new clients are accepted in your health care institution.