ELECTRONIC, REAL-TIME, INSURANCE VERIFICATION, FILING AND FUNDING SYSTEM

摘要

A secure web site (34) is set up to accept procedure codes and insurance carrier input from a service provider's office (14). The service provider's office (14) logs on to the secure web site (34) and inputs the insurance carrier and applicable procedure code(s) for a client. The web site server (38) connects to the insurance carrier's electronic database (42), verifies benefits, calculates the insurance benefit payable and provides notice to the service provider's office (14) that an insurance claim for the client is approved. The server (38) may then credit the bank account of the service provider with an amount equal to the insurance benefit minus a service fee, print benefits payable record and submit an electronic claim to the insurance carrier. The insurance carrier pays the insurance benefit to the web site operator. Periodic transaction summaries are also available from the web site server (38).