1-What is Medical Billing?
Medical Billing is the process of submitting and following up on claims to insurance companies in order to receive payments for medical services rendered by a health care provider.
2-What is the Medical Billing Process?
The Medical Billing process is an interaction between the healthcare provider and the Insurance Company. After examining the patient, the doctor maintains a medical record. This Record includes the patients’ symptoms, clinical findings, and diagnosis and treatment details. Following these details a medical coder or a billing specialist provides a medical code for this record. This billing code is then submitted to the Insurance Company. The Insurance Company then proceeds with the claim.
3- What about the Payment?
Based on the amount negotiated by the doctor and the insurance company, the original charge is reduced.
4-What about the Billing Quality?
Billing Quality is measured in terms of timeliness and completeness of payment. The shape of the distribution curve of Accounts Receivable illustrates billing quality. For several decades, medical billing was done almost entirely on paper. However, with the advent of computers it has become possible to efficiently manage large amounts of claims. Many software companies have arisen to provide medical billing software to this particularly lucrative segment of the market.
5—What are the Medical Billing mistakes you should avoid?
Physicians believing that their billing professional care a lot and will not be doing any mistakes is at the head of the list. Take a copy of patients Insurance card. Also a second ID. Secure sign advanced Beneficiary notice when indicated.
6—Tell about medical billing software?
As we know the tens of troubles medical professionals face keeping files, data and reports sorted and made available whenever needed. Medical Billing helps to organize these details and consolidate your all offices together.
7—Can I use medical Billing software from our home?
Yes. All you need is a computer with a broadband Internet connection.
8—Is billing Software easy to use?
Yes. The biggest benefit is that you don’t have to go through multiple databases.
9—What about the security features?
Medical Billing is protected through HIPPA- servers, which gives access to members that mean you and you only.
10—What about the cost?
Medical Billing Software is not very costly though. Also there is no long-term commitment for the software use.
Allan Danny is a medical Billing specialist and shares his knowledge at http://www.medical-billing-resource.com Visit our sister sites