The advent of modern technology has brought about a myriad of innovative communication techniques. One such technique is Electronic Medical Billing service through which a care provider can easily submit bills and claims to a health insurance company for the provided care services.
The benefits of medical billing processes in the electronic age provide the benefits of faster communication, accuracy and transparency with accountability.
The first stop for a patient is the provider’s office where the provider conducts a physical examination. The provider then works on the identification of the CPT (Current Procedural Terminology) with respect to the description of provided services to the patient. Since the Electronic Medical Records software is based on codes, the provider also inputs the ICD9 or ICD10 codes matching the respective diagnosis.
Based on this information, a claim is electronically transmitted as a standardized file which states the level of claim by a patient, entailing areas which would be paid or not.
Research suggests that traditionally, the process of billing takes between 60 and 75 days, where as the process of electronic medical billing takes up to 10 days max.
Evidently a continuously emerging business in Healthcare IT, electronic medical billing service is surging due to vast benefits that it provides. As the population is facing more and more health problems, providers have to cope with a burgeoning amount of patient claims and billing, thereby rendering the manual billing process useless since it takes more time and is vulnerable to man-made inaccuracies.
Electronic Medical Billing is recommended for all providers and insurance companies since they can now interact, communicate and exchange information simply through a software which can be easily understood by any technology-fearing provider with a minimal amount of training.
Medical Billing is an integral part of the system of healthcare provision and needs to be adapted as quickly as possible by every provider so that any discrepancies can be filtered out to make it the perfect method.
The benefits of medical billing processes in the electronic age provide the benefits of faster communication, accuracy and transparency with accountability.
The first stop for a patient is the provider’s office where the provider conducts a physical examination. The provider then works on the identification of the CPT (Current Procedural Terminology) with respect to the description of provided services to the patient. Since the Electronic Medical Records software is based on codes, the provider also inputs the ICD9 or ICD10 codes matching the respective diagnosis.
Based on this information, a claim is electronically transmitted as a standardized file which states the level of claim by a patient, entailing areas which would be paid or not.
Research suggests that traditionally, the process of billing takes between 60 and 75 days, where as the process of electronic medical billing takes up to 10 days max.
Evidently a continuously emerging business in Healthcare IT, electronic medical billing service is surging due to vast benefits that it provides. As the population is facing more and more health problems, providers have to cope with a burgeoning amount of patient claims and billing, thereby rendering the manual billing process useless since it takes more time and is vulnerable to man-made inaccuracies.
Electronic Medical Billing is recommended for all providers and insurance companies since they can now interact, communicate and exchange information simply through a software which can be easily understood by any technology-fearing provider with a minimal amount of training.
Medical Billing is an integral part of the system of healthcare provision and needs to be adapted as quickly as possible by every provider so that any discrepancies can be filtered out to make it the perfect method.