Verifying your patient’s insurance benefits prior to their first appointment is a critical step in successful billing, collections, and cash flow for your clinic. There are multiple sites available for obtaining these benefits and you should utilize whichever one you are most comfortable with and provides the most reliable information. Systems4PT provides an online Patient Eligibility Technology (PET) link directly from the V & A screen, where you will be entering this information.

The following download has step by step instructions for utilizing the PET.

Accurately completing the V & A screen is a crucial step for successful billing, collections, and cash flow for your clinic. The first block of this screen contains critical information regarding the costs the patient will be responsible for. By correctly entering this information, it will appear on the Patient Processing Screen (PPS) each time you check-in a patient, and you will be able to collect from the patient at time of service. You do not want to have to chase down this money at a later date!

This is the crucial information for your Patient Billing & Collections and the only block discussed in this series.

• If you do not need to call the insurance, type which website you obtained the information from. E.g.: PET, ASHlink, Availity, OptumHealth, CIGNAforHCP, etc.
• If you called for benefits, enter the phone number that you called and applicable extension.
• If you do not call for benefits, record the phone number for “Provider Services” from the patient’s insurance card.
• Obtain the start date of the patient’s insurance policy. This is frequently the first of the year but not always, so be sure to verify. If you are advised that the patient’s policy is terminated, mark “No” for current and enter the termination date.
• Next check if patient has a co-pay, co-insurance, or both. Enter the co-pay amount in the box and check “Per Visit” or “Initial Evaluation Only” depending on what you were advised.
• If the patient has a co-insurance, you will enter the amount that the insurance company pays in the box “% paid by insurance”.

If you call for benefits, always get the name of the person you spoke with. Also request a “Call Reference Number” at the end of the call and document that number in Block #4 “Comments”. Comments entered in Block #4 do not populate anywhere else is Systems4PT.

You have a couple of options for collecting this co-insurance at the time of service. If your contract is a flat rate fee, you can calculate the appropriate percentage for that fee. Enter this number in the “Comments” section of the Patient Registration screen with a note to collect each visit. This note will now appear in the Patient Processing Screen (PPS) each time the patient is checked in. E.g., Flat fee rate of $100 per visit. Co-insurance of 20%. Collect $20 every visit.

If your contract is a fee schedule, it becomes a little more difficult to collect this amount at time of service. The patient’s treatment may vary from day to day. The therapist may bill different CPT codes or different unit quantities depending on the treatment rendered that day. It is rarely efficient to try and gather the billing data for that day’s treatment, apply the fee schedule, and calculate the patient’s percentage while the patient is still in the clinic. This usually leads to friction between the treating therapist and the front desk member. Options for this scenario will be explored more in Part III: Patient Processing Screen, of our series.

Now look for whether the patient has a deductible and if so, how much has been met. Enter the deductible amount. If it has not been met, enter the amount remaining as of the date you verified the insurance benefits.

It is very important to be aware that the deductible is met in the order that the claims are received by the payor, not by order of the service dates. It is very possible that your patient has had other medical treatments, and possibly other providers have already “collected” their deductible, but if your claims are received and processed before these other claims, the deductible will be taken from your payments and the patient will be responsible for paying that amount to you. It is always a good idea to explain that to the patient so there are no surprises.

If the patient has a high deductible insurance plan, you want to be collecting this amount at the time of service! If your contract is a flat rate fee with the payor, collect the full amount of that rate every visit. Put a note in the “Comments” box on the registration that states “Collect $xx every visit for deductible” and this will appear on the PPS each time your front desk checks in the patient.

If the insurance is a fee for service, calculate your average re-imbursement for that payor and collect this amount each visit from the patient. Advise the patient that this is an estimate, and the difference will be reconciled at the end of treatment after the insurance company has processed all the claims.

Finally, find the patient’s “Out-of-Pocket Maximum” for the year. This is the amount that the patient must pay before the payor will cover expenses at 100%. There is not a box to enter how much of that amount they have met at the time you verify benefits, but it is recommended that you record that number in Block #4 “Comments”. You should attempt to determine if the patient’s co-pays count toward that out-of-pocket maximum.

If you need step by step instruction on completing the entire V & A Screen click on the button below.

If you would like a copy of the this guide to download for your own personal reference, please use the download button below to obtain a copy in PDF format. Check back for more Systems4PT guides and updates!

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