Medical centers, hospitals, and private care professionals bill patients for appointments and services. These services can include check-ups, procedures, testing, treatments, and so on.
Medical coding and billing businesses translate these patient services into a bill, and then send and follow up on such medical claims with insurance companies.
Health insurance companies, Medicare, and Medicaid require billing departments to process medical bills through extensive software under strict rules and provisions.
These rules state that billers and coders submit claims with a series of particular codes specific to the medical procedure performed by the health provider. This makes the medical claims billing process far more streamlined and organized.
Revenue Cycle Management is the administration of medical financial transactions resulting from patient-provider encounters. These transactions include:
Medical billers and coders play a significant role in carrying out these revenue cycle procedures. They follow the patient’s payment actions from the initial appointment or interaction with a medical provider to the final payment of the bill.
Billers and coding specialists help doctors earn revenue promptly through their coding and billing abilities and extensive knowledge of the requirements of insurance companies.
Through patient medical records and medical reports, billers and coding specialists can create and process accurate bills far quicker than health professionals.
Faster processing means more cash flow and decreased accounts receivables for care providers.
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Your preferences and budget expectations are our number one priority here at Accolade Consultants. Our team collaborates with you to create a solution that fits your business needs without compromising work quality.
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