Process of Medical Billing & Coding

The medical administration incorporates various courses of action that are as follows

• Medical Coding
• Medical Transcription
• Eligibility Verification
• Billing and Collections
• AR Management
• Offshore Medical Services
• Claims Adjudication
• Revenue Cycle Management

The Medical coding process transforms the descriptions of medical diagnoses and procedures into universal code numbers. Physicians and Doctors provide outsource the codes and billings to medical billing companies. Thus the operating cost is highly reduced and also the work load is simplified. Medical billing services are more accurate than manual billing and ensure cleaner claims, speedy compensation and reimbursement. As the quality audits boost up the accuracy of coding where efficiency is improved. 

 

There are numerous companies offering offshore medical billing and coding services across the globe. Experienced professionals in the domain industries deliver solution to the critical situations like increasing regulations, highly complex coding, declining compensation and high operating cost. 

Mede-claim billing process is a submission of paper work to claim insurance companies for retrieving expenses. The essential purpose of medical claim billing company is to process super-bills and submit medical claims to the insurance companies to receive payments for their clients.

Revenue cycle management is a process where the clients are monitored and ensured that they pay bills on time. The advanced and simplified solutions made the Revenue Cycle Management outsourcing process simple and avoided errors like Billing Interruption, Duplicate Processing, Loss of Database and Security Threats. It affords greater productivity and better transparency. The RCM solution incorporates Patient Registration, Claims Submission, Charge Entry and Cash Pointing, A/R Denial Management, A/R Collections and Follow Up.