Let’s face it. Handling insurance assignments is a hassle. And it can put your funeral home in a tough spot, like our friend Chelsey Ayers with Broussard’s Mortuary.
“There weren’t a lot of benefits or positives to handling assignments ourselves, and it wasn’t a process we enjoyed.
“Years ago, a family used a policy with an insurance company that did things a little bit differently. We spent so much time on the phone, filling out forms, and waiting for the policy to be processed, only to never receive payment. The insurance company paid out the funds to the family before we could turn in all our forms.
“It turned out to be a waste of time for our staff, and it really put us in a financial bind.”
Broussard’s Mortuary isn’t the only funeral home to be stressed out by assignments. And chances are, if you use insurance assignments in your funeral home, you’ve likely felt this tension, too.
But what if accepting insurance assignments could eliminate some of your stress and make your funeral home more efficient?
Because when your funeral home feels less stress and more efficiency, that means more time back in your day to spend with families.
Here are 3 ways you can improve your funeral home’s efficiency, starting with how you handle assignments.
1. Partner with an insurance assignment company
Like we learned with Chelsey’s story, processing insurance assignments can put significant stress on you and your staff. Not only is it time-consuming, but it also comes with many unnecessary risks that can affect your funeral home’s bottom line.
Your time is best spent serving families, not processing assignments. So, let someone else handle it for you.
With an insurance assignment company, you don’t have to worry about processing assignments yourself. You can stay focused on families and the other vital parts of your business.
However, not all insurance assignment partners are the same. It’s important to find a company that meets your needs and can offer you:
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Quick and easy funding – Receive payment in days, not months, when you use a funeral funding partner.
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Risk-free verification – Use a company that guarantees its verification process and offers 100% risk-free funds.
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Immediate processing – Start your assignment immediately without having to wait for the death certificate.
The right insurance assignment partner will have all these features and more, so you’ll always feel confident knowing payment is on the way. And you didn’t have to spend hours on the phone to make it happen.
2. Choose an insurance assignment company that partners with your preneed company
In some states, death certificates are required before preneed policy claims can be paid. This can delay your funding and put a strain on your cash flow.
But what if you could get your preneed policies funded faster and easier than ever?
If your insurance assignment partner works with your preneed provider, you can!
When your insurance assignment and preneed partners work together, your preneed policies can be funded within 24 hours. Plus, quick and reliable funding not only benefits your funeral home, but it benefits your families, too.
When you can tell a family that the funds are on their way, the family will be free to focus on creating a meaningful funeral instead of worrying about how everything will be paid for.
3. Choose an insurance assignment company that partners with your software system
Your time is precious.
You shouldn’t have to spend your time on tedious tasks, like re-entering the same information over and over, when you could be caring for families.
That’s where your funeral home software and the right insurance assignment partner can help.
When your software shares information with your insurance assignment partner, you can eliminate repetitive work and streamline your processes. Because when information flows automatically, you will save time and reduce errors.
Now, imagine how efficient you’d be if your funeral funding company, preneed company, and software system all worked together.
Your funeral home would run like a well-oiled machine!
Did you know the “E” in Claimcheck stands for efficiency? Come see why.
Claimcheck can save you time, lower your stress, and get you paid fast. How? With a little help from our friends and funeral profession leaders, Funeral Directors Life (FDL) and Passare.
Here’s what we mean:
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FDL partnership – Enjoy fast and reliable funding. We process all FDL policies within 24 hours.
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Passare integration – Enter information once, and let us do the rest. We pull 100% of your case information in Passare for insurance assignments.
And that’s just the start! Here are other ways we can serve your funeral home:
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Quick and Easy Funding – Rest easy knowing your payment is on the way. More than half of all assignments we receive are funded within 24 hours and 86% are funded within 3 business days.
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100% Risk-Free Verification – Submit claims with confidence as we analyze and verify each policy. You’ll never have to worry about taking on a bad policy again.
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Accessible Specialists – Get quick answers to your questions with our support team. We’re always here to answer your questions and concerns.
Increasing your funeral home’s efficiency is easy. Call or email us to learn more about how we can make your life easier. Or fill out the form below to see Claimcheck in action!