Ensuring diligent insurance eligibility checks at your practice is a non-negotiable task. Any carelessness here can lead to payment delays and potentially harm your reputation among patients. To avoid such issues, many medical practitioners end up spending a considerable amount of money on the task. But what if there was a more cost-effective and efficient way?
The Cost of Traditional Insurance Verification
Consider this: a full-time employee dedicated to insurance verification can cost up to $108,000 a year, handling roughly 60 checks a day. Add to this the risk of working with new and poorly trained employees, and the potential loss to your practice increases. For example, if verification errors occur with just 5-6 out of 60 patients a day, you could face a loss of over $500,000 a year.
Enter Edge’s remote employees. Qualified, trained, and ready to ensure high-quality work, Edge remote employees can help you save significantly on the costs associated with insurance verifications.
The Financial Advantages of Choosing Edge Remote Employees
1. Save on Recruitment Costs
A significant part of the cost associated with insurance verifications goes into recruiting the right person for the job. Job board fees, candidate assessment costs, employer branding, careers page costs, recruitment software, and the cost of “bad” hires can add up to $3000-$5000 per employee.
With Edge, you drop recruitment costs to $0. We take the responsibility of finding the best fit for your practice. Our specialized HR department is committed to delivering superior quality to your practice.
2. Affordable Compensation and Benefits
Compensating your employee adequately is the next challenge after recruitment. Most practices cannot afford extra staff and those who can often spend a large sum on it. A front desk receptionist at a dental or medical office can range anywhere from $16-$20/hr, excluding obligatory benefits.
Edge charges you an affordable flat monthly fee per employee and takes care of everything else. We offer a comprehensive benefits package, including medical, dental, and life insurance, transportation allowances, and bonuses.
3. Comprehensive Employee Training
Providing role-specific training to your employee is crucial to ensure they deliver their best at work. Training programs can cost organizations considerable money and time.
With Edge, your employees undergo a month-long industry-specific training program, helping them build their skills before they join a real practice.
4. Avoiding Potential Losses
A bad hire can significantly affect a company’s profits. Particularly with insurance checks, a detail-oriented and skilled person is crucial. A few careless mistakes can lead to significant financial loss for your practice.
Edge provides top-quality talent that can help your practice avoid these potential losses. Our rigorous recruitment process includes multiple layers of interviews and aptitude tests to ensure quality.
5. Diverse Skill Set
Our Edge employees are more than just insurance check experts. They can handle a variety of important tasks at your practice, including phone calls, session scribing, medication refills, follow-ups, and more. Essentially, anything that can be outsourced to a remote employee, your Edge employee can take care of.
Get Started Today with a FREE Strategy Session
Start reducing costs at your practice today with our FREE strategy session. We’ll work with you to identify your needs and demonstrate how Edge can help. Book your free strategy session now.
