Importance Of Medical Billing And Coding Services

By Author: Outsource Strategies International
Total Articles: 108
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Healthcare facilities have to interact with insurance companies to submit claims and receive payments for services provided. The process is ongoing, needs a great deal of dedication, and can take up a lot of time and effort in a busy healthcare practice. As a physician, worrying about your claim submission and receipt of payment could divert you attention from patient care and other important duties. Even having your practice staff handle these tasks would reduce efficiency. All this underlines the importance of medical billing and coding services offered by professional outsourcing companies.

A reliable and established medical billing and coding company can provide end-to-end medical billing services for all specialties including Anesthesiology, Cardiology, Family Practice, Behavioral Medicine, General Surgery, Internal Medicine, Orthopedics, Otolaryngology, Pathology, Pediatrics, Physical Therapy, and more.

Services offered include:

• Patient scheduling
• Patient enrollment
• Insurance verification
• Insurance authorization
• Patient billing
• Payment posting
...
... • Collecting payments
• Following up on unpaid and denied claims
• Preparing claim appeals
• Audits
• Account analysis and denial management
• AR Management
• Financial management reporting

Comprehensive Medical Coding Services

An established medical coding and billing service provider would have a team of AAPC certified medical coding specialists with experience in standard procedural coding systems. They would be up-to-date on all the frequent changes in coding practices. Medical coding services are offered for emergency room e-code evaluation, medical coding audits, CPT medical coding, hospital / in-patient coding, DRG/ CD-9-CM coding validations, ASCs (Ambulatory Surgical Centers) Coding, and ICD-9 coding based on AMA and CMS guidelines.

Outsourcing their medical billing and coding allows physicians to:

• Devote time to their core healthcare activities
• Reduce administrative expenditure
• Reduce denials and maximize reimbursement
• Improve overall productivity and better manage your practice
• Ensure patient satisfaction
• Avoid legal and procedural hassles

Qualities of the Right Service Provider

All these benefits of medical billing and coding services can be enjoyed by outsourcing to the right service provider. Look for a medical billing company that adheres to HIPAA norms. Besides an expert team on your project, make sure you will receive timely reports to keep you informed about progress. Regular QA inspections are also an advantage to ensure clean insurance claims, and efficiency in coding and AR management. Cost is an important factor, so make sure that the company’s services are competitively priced. Reliable service providers offer free trail for client to experience their services firsthand.

About Author
Outsource Strategies International (OSI) is a reliable outsourcing company, provides timely medical billing and coding services at competitive rates. Our goal is to provide accurate medical billing services that would considerably lessen your workload.

Outsource Strategies International (OSI) provides medical billing & coding, dental billing & coding, insurance & eligibility verifications to medical and dental practices.