Insurance Discovery

Whether a patient comes for their treatment with an insurance policy or the intention to pay out-of-pocket, the medical provider or clinic must be able to maximize revenue as much as possible. There are several ways in which this can be achieved including insurance discovery. This insurance research service is available to medical providers and facilities through Fund Capital America.

What Is Insurance Discovery?

Insurance discovery is a process that investigates a patient’s insurance coverage. There are times when a patient forgets about existing policies are may be unaware of their full benefits. Insurance discovery locates any existing policies and analyzes them in full. This analysis uncovers hidden coverages and reimbursement opportunities.

Pricing

No Results, No Charge.

$ 175 Starting at

*standard price when date of loss is within one year
+$30 fee when date of loss is aged 1-3 years
3-5 days average processing time
Two Business Days +$50.00
12 Business Hours +$90.00
Umbrella Limits, if found, are available for puchase for an additonal $85.00

$ 200 Starting at

*standard price when date of loss is within one year
+$30 fee when date of loss is aged 1-3 years
3-5 days average processing time

$ 195 Starting at

*standard price when date of loss is within one year
+$30 fee when date of loss is aged 1-3 years
3-5 days average processing time
Umbrella Limits, if found, are available for puchase for an additonal $85.00

$ 200 Starting at

*standard price when date of loss is within one year
+$30 fee when date of loss is aged 1-3 years
3-5 days average processing time

$ 305 Starting at

*standard price when date of loss is within one year
+$30 fee when date of loss is aged 1-3 years
Two Business Days +$100.00
12 Business Hours +$200
5-7 days average processing time

$ 200 Starting at

*standard price when date of loss is within one year
+$30 fee when date of loss is aged 1-3 years
5-7 days average processing time

$ 545 Starting at

Up to 4 weeks processing time
*$150 nonrefundable deposit required

$ 595 Starting at

Up to 4 weeks processing time
*$150 nonrefundable deposit required

Benefits Of Insurance Discovery

It is not a secret that the costs are rising for everything these days, including healthcare. To stay profitable, businesses must do what they can in order to stay afloat and even thrive. Insurance discovery is an excellent tool in the business of healthcare that will bring excellent benefits to the provider and patient. This service is able to track down insurance for past, present, or upcoming appointments as well.

Increased Knowledge Of Available Compensation

Insurance discovery is a secret weapon for most healthcare facilities because it provides increased visibility of the available compensation for the services they provide. Whether you are working with a new or existing payer, insurance discovery will provide you with knowledge of the covered billable services.
Additionally, insurance discovery is also able to track down coverage for accounts that would typically be self-paid. This visibility will allow you to see beyond the information the patient provides.

Enhanced Patient Experience

Let’s face it, most people seeking medical treatment are rarely excited to do so. Especially in the case of personal injury cases or serious illnesses, patients often face medical challenges that are taxing on their health and wallet. Therefore, they aren’t too happy to have to pay out-of-pocket.

Insurance discovery services are often able to uncover hidden coverage for any given patient. Whether through commerical avenues or government resources, there are other ways to cover medical bills. Such discoveries lead to financial relief for already stresses patients. They will be more enthusiastic about seeking they care they require and will be more satisfied with the well-rounded services they receive.

Stress Relief For Providers

In our post-COVID world, medical providers carry a significant amount of stress. The looming concerns of another outbreak, increasing staffing shortages, and now inflation is taxing on everyone. While insurance discovery services can’t solve the grander issue of COVID, they can help alleviate some of the other stressors in the following ways:

Financial Stressors
Regardless of the service, no business can function at a high performance level while struggling financially. There is a financial strain on all healthcare providers in some capacity, regardless of their size. By increasing reimbursement rates, insurance discovery will alleviate the financial stressors for many providers. Doctors will soon be able to focus on what they do best - restoring the health and quality of life of their patients.

Work Burden
The administrative and clinical sides of healthcare have both taken a hit in staffing shortages in the recent years. This means that less time and resources are available for insurance research. Insurance discovery services will provide a detailed report of the available coverages for each with minimal effort on the provider’s part.

Increased Reimbursment Leads To Increased Revenue

With the increased availability of insurance payers to bill come increased reimbursements. The increase of reimbursement will inevitably lead to increased revenue. This will allow the healthcare facility to mitigate the potential challenges that arise because of the rising costs on medical care.

Fund Capital America’s Insurance Discovery Services

Less work, maximized reimbursements, and an enhanced patient experience are part of a formula for success. Fund Capital America’s insurance discovery services will help healthcare facilities achieve this formula and so much more. The innovative technology and proven processes we use will turn around the financial health of any organization dealing with health insurance. Get ready to experience the following benefits with the help of Fund Capital America:

Discovery of unknown coverage
Relief of financial stress caused by uncompensated accounts
Lessened work burden
Increased patient satisfaction
Increased productivity and performance
Flexible payment options
Free and fast installation
Unlimited insurance discovery processing

Fund Capital America is equipped with specialized technology and knowledgable staff who are ready to help medical providers with increasing their revenue. They will assess your current status and help formulate a plan of action that will fit the needs of your business. For more information and to get started, call us today.

Insurance Discovery