Medical billing and coding

The medical billing process is a process that involves a third-party payer, which can be an insurance company or the patient. Medical billing might seem large and complicated, but it is a process that is comprised of ten simple steps.

These steps include:

1. Patient registration
2. Insurance verification
3. Encounter
4. Medical transcription
5. Medical coding
6. Charge entry
7. Charge transmission
8. AR calling
9. Denial management
10. Payment posting.

Medical Coding Process:

Medical coding closely tied in with the process of medical billing is an important facet to the health care industry.

Medical coding is a key component of revenue cycle management. When done efficiently and accurately, it helps ensure hospitals are properly reimbursed for the services they provide.

Medical coding professionals take information from the medical record documentation and assign appropriate diagnoses and procedure codes. They then develop an insurance claim, which indicates how much the insurer owes for the care and helps determine how much the patient will be billed.