Medical billing and coding process a general overview


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Efficient medical billing and coding enables healthcare facilities to maintain a steady revenue cycle. It is important to understand the various processes involved in medical billing and coding.

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Medical billing and coding process a general overview

  1. 1. Outsource strategies International Call: (800) 670 2809Medical Billing and Coding Process - A General OverviewIt may seem to be the most mundane thing in a medical office, but medical billingand coding can turn out to be the most frustrating task if not handled properly. Ofutmost importance when it comes to maintaining a steady revenue cycle, these vitalprocesses often remain like the evading genie slipping out of your hand when youthink you have it in control. Healthcarepractitioners as well as medical studentswho are to be the physicians of the futuremust be fully aware of the various processesinvolved in medical billing and coding ifflawless billing is to become a reality.Core Tasks Involved in Medical Coding and BillingTo ensure that medical reimbursements and claims are provided by the insurancecompanies on time for all the services rendered to the insured patients, the codingand billing process has to be thorough and flawless. Coding and processing ofmedical bills and insurance claims comprise a series of complex tasks that need tobe done with extreme accuracy, as any sort of errors in billing and coding can leadto claim denials and rejections. Let us look at the processes involved in medicalbilling: • Patient Enrollment (Demographics and Charges) • Patient Scheduling and Reminders • Insurance Enrollment (for Physicians and Offices) • Insurance Authorizations Medical Billing and Coding Services
  2. 2. Outsource strategies International Call: (800) 670 2809 • Insurance Verification • Coding and Audits • AR Management (Insurance and Patient) • Account Analysis and Denial Management (EOB Analysis) • Billing and Reconciling of Accounts (Payment Posting) • Financial Management ReportingTaking into account the busy schedule of healthcare providers, it is advisable tohand over these tasks to a professional medical billing firm.Reduce Coding and Billing Errors and Maximize ProfitTo meet the billing and coding requirements of various healthcare entities, manyexperienced outsourcing companies are providing professional medical billingand coding services throughout the United States. Outsourcing the billing andcoding tasks of your healthcare practice to such medical billing companies willhelp you benefit from quality solutions. Experienced outsourcing companiesprovide consistent services covering all the major billing and coding tasks outlinedabove.Outsourcing companies that offer medical billing services are equipped withadvanced infrastructure, and have on staff experienced billing and codingspecialists. These professionals utilize the latest medical billing software such asPractice Admin, IDX, Eclipse, Medisoft, NextGen, Lytec, and eClinicalWorksamong others, to process all medical bills and claims without errors within aminimum time. Specialized medical coding services from dependable medical Medical Billing and Coding Services
  3. 3. Outsource strategies International Call: (800) 670 2809coding companies help healthcare entities considerably reduce expenses that maybe otherwise required to train and recruit coding and billing staff. Efficient servicesof these companies also ensure many additional benefits such as: • Helps submit accurate medical bills and insurance claims • Timely reimbursement • Reduce workload • Reduce medical coding and billing backlogs • Streamline the workflow of your medical practicePick a Reliable Firm for Affordable ServicesIn short, well-organized medical coding services can help improve the overallefficiency of your healthcare facility as well as make it more profitable throughmaintaining a balanced revenue system. Entrusting your medical coding and billingjobs to professional firms also ensures many other benefits including: • 100% HIPAA compliant solutions • Fast turnaround time • 24/7 based customer support • Free trial offer • Competitive pricing 30% to 40% lower than market ratesConsidering this array of benefits, healthcare practices planning to outsourcemedical billing and coding tasks should ideally get in touch with a reliable medicalbilling and coding company. With such a firm you stand to benefit from Medical Billing and Coding Services
  4. 4. Outsource strategies International Call: (800) 670 2809customized and budget-friendly medical billing solutions that best suit therequirements of your healthcare facility. MOS Outsource strategies International 8596 E. 101st Street, Suite H Contact Details Tulsa, OK 74133 Phone: (800) 670 2809 Medical Billing and Coding Services