Posts tagged Health Care Facility

Have you ever wondered how a medical practice gets payments for the services rendered to the patients? It is by a process called medical billing. Medical billing and coding are two separate entities that work together in order to process the insurance claim. While medical billing involves submission of insurance claims to the insurance carriers, medical coding is more of making the documentation. Medical coders assign unique codes to the diagnosis, treatments and tests that help the billers to process the claim.Earlier, paper billing was the preferred choice to submit the claims to the insurance companies. However, paper submission is a snail pace process and it involved lot of manpower and expenses. Since the entire documentation was done manually, the errors were higher and rejection rates were very high. However, the introduction of software technologies to the medical field has made the billing process an easy task.The invention of electronic medical billing software has dramatically changed the process. While using the software, hospitals need not wait months together to get reimbursement for the services provided to the patients. As back office staffs of the hospital enter the patient… More >>