Medical billing is an integral aspect of the healthcare system, facilitating reimbursement for medical services rendered to patients. It involves submitting and processing claims with insurance companies, ensuring healthcare providers receive compensation for their services. This article aims to shed light on the complexities of medical billing while exploring essential keywords and concepts related to this critical healthcare practice.
- Medical Billing Overview
translates medical procedures, treatments, and services into billable codes that insurance companies recognize. It involves the use of standardized code sets such as Current Procedural Terminology (CPT), International Classification of Diseases (ICD), and Healthcare Common Procedure Coding System (HCPCS). Proper coding ensures accuracy, streamlines claim processing and prevents payment delays.