pVerify® Launches Medicare MBI Lookup Solution for Healthcare Providers that Accelerates Revenue Cycle
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IRVINE, Calif., March 9, 2021 /PRNewswire/ pVerify, the leader in All-Payer Patient Insurance Eligibility and Verification Software, launches Real-time and Batch MBI Lookup Solution for healthcare providers to accelerate insurance billing for Medicare patients.
Centers for Medicare and Medicaid Services (CMS) replaced the SSN-based HICN for Medicare enrollees with a new Medicare Beneficiary Identifier called MBI ID; since then, claims or other transactions submitted without valid MBI have been simply rejected. Although all Medicare patients were mailed the new Medicare cards ahead of this transition, they forget to bring their cards to their appointments, especially for urgent visits to Hospitals and ER. Administrative staff ends up wasting a lot of time using the tedious MAC Portal MBI tool to find the answers.
Medical Front Offices, Imaging Centers and other providers are overwhelmed with aging Patient Account Receivables.
This is a huge drag on the operating cashflow. pVerify helps collect patient copays and post-visit patient balances with real-time, contactless and card-on-file payment plans that can be deployed within minutes, said
Jay Nitturkar, Chief Executive Officer of pVerify.
Our solution also offers the flexibility to do batch processing for all the past-due patient accounts.
pVerify s Innovative Patient Payment solution provides the Front Office:
Multiple Ways to Collect Payments
Collect payment by QR Code, email, or text message
Instantly and securely create card-on-file payment plans