Medical

Medical Billing – What is it?

»Posted by on Apr 26, 2019 in Medical | 0 comments

Medical billing is when claims with health insurance companies are submitted and followed up on. This is done so that the healthcare servicer will get paid. This means, for whatever service is rendered, it is translated into a billing claim. A medical biller’s job, therefore, is to pursue the claim and guarantee that the services of the healthcare provider get paid. A wise medical biller can maximize the proceeds for the rendered services.

Medical Billing

How is it different from medical coding?

Medical billing and medical coding are not one and the same. The difference is that medical coders focus on clinical statements, review them, and assign codes using a system. Medical billers, in contrast, work on the processing and follow-throughs of claims that have been sent to health insurance companies so the healthcare servicer can get paid. Although medical billing and medical coding are not the same, they can be practiced by one person. Only the job description is different. Two people may also work together to guarantee that payments are reimbursed.

Medical Coders and Billers’ Job

Medical coding and billing experts basically make sure that medical earnings go as expected and planned, if not more. When a service has been rendered, the medical coder immediately designates codes for the services performed. These codes are drawn from medical records such as the transcripted notes from the physician, clinical results, laboratory results, and more.

Depending on the size of the work facility, a medical biller’s tasks can vary. But he or she generally gathers every data regarding the bill. The entry of charges, transmitting claims, posting invoices, following up on claims and insurance, checking up on a patient, are the principal duties of a medical biller. They also constantly interact with physicians to make sure and other professionals in the medical field to make clear the diagnoses, or to get more information. Like the medical coder, the medical biller should be able to read medical records, interpret the codes, and know the different coding systems.

How much do they make?

Like any other profession, an employer’s earnings will depend on their work, for how long they work, degree or academic accomplishments, training, certifications, experiences, and so on. But surveys showed that the average medical biller earns more than $60,000 every year.

What is the future of medical billing?

As per the US Department of Labor, the employment rate for medical billers is estimated to grow at 21% by 2020. High demand has been estimated for medical coding services as well because the healthcare industry is constantly expanding. Which makes sense because the population is also growing and seems like there’s no stopping. This means more people will need medical services.

How does one become a medical biller?

There have been many medical billing and coding training centers around. Once you finish the course, you will be granted an exam to become a professional medical biller or coder. And sooner than later, you can start working in the medical billing office at any medical or health body.

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