What is insurance verification master data in SAP IS-H - SAP for Healthcare?

SAP Term: insurance verification master data

• Component: IS-H

• Component Name: SAP for Healthcare

• Description: SAP Healthcare - Industry-Specific Components for Hospitals Provides the rules on the basis of which the system creates proposals for insurance verification items. Insurance verification master data is stored partly as Customizing entries for and partly in the insurance provider master data.

Smart SAP Assistant

• Key Concepts: 
  Insurance Verification Master Data is a component of the IS-H SAP for Healthcare system. It is used to store and manage information about insurance companies and their policies. This data is used to verify the eligibility of patients for certain services and treatments, as well as to ensure that the correct payments are made to the insurance companies. 
  
  How to use it: 
  The Insurance Verification Master Data component of IS-H SAP for Healthcare can be used to store and manage information about insurance companies and their policies. This data can be used to verify the eligibility of patients for certain services and treatments, as well as to ensure that the correct payments are made to the insurance companies. The data can also be used to generate reports on insurance coverage and payment status. 
  
  Tips & Tricks: 
  When using the Insurance Verification Master Data component of IS-H SAP for Healthcare, it is important to keep the data up-to-date in order to ensure accuracy. It is also important to ensure that all relevant information is entered into the system, such as policy numbers, coverage limits, and payment terms. 
  
  Related Information: 
  The Insurance Verification Master Data component of IS-H SAP for Healthcare is closely related to other components of the system, such as Claims Management and Patient Administration. These components can be used in conjunction with Insurance Verification Master Data in order to provide a comprehensive view of a patient's insurance coverage and payment status.