So in this post, my goal will be to outline the differences between medical billing & medical coding and try to connect these 2 together, in the way they work.
Many of you may understand these basic concepts, in which case bare with me. For all the others, you definitely want to read this post ’till end.
Medical billing is really the reimbursement for all services provided to the patient. So medical billing covers the evaluation and treatment of a patient from a medical provider.
Medical coding has to do with the language via which the process works and the transaction is completed. So medical coding really consists of coding which basically puts all billing actions into its own “words.”
Continue reading What’s the difference between medical billing and coding?
In the last post I made, I briefly explained how the billing system works among the three parties: the MD, the insurer and the patient. I spoke in some detail about the importance of having a team that are experts on this part of your healthcare clinic/hospital/setup. I also mentioned the fact that it isn’t too hard to understand or use. It’s just time consuming.
The main form mentioned was the HCFA 1500 and I broke down the different fields in it and the uses of it.
As an extension on that thought, I will now talk about another claims form, the UB 92 form. This is used for billing services which are being provided at a facility or hospital. Main use of it, is billing technical services. In the UB 92 form, there are 83 fields within it. One of which are the: types of health insurance coverage.
The major types of health in insurance coverage have two basic categories:
The process of sending forms such as HCFA 1500 or UB 92 to medical insurers is called medical insurance billing.
Next up, I’ll be talking about some issues in the medical billing industry (such as denied claims) and the importance of the front desk hitting the ground running.
If you have any questions or would like to discuss something, feel free to contact us.
In this blog post what I want to do and achieve, is set a really strong foundation on medical billing. This article is going to be more generic (so not focused on dermatology) as there are many things that are going to be talked about, that anyone in the healthcare industry can benefit from. So I’ll be getting into some terminology, some basic concepts and kind of sketching out a vocabulary booklet that we can always refer to, in the future.
First of all, let me just say that in order to do your billing, you obviously will need to use some kind of software. There are many great companies out there that will monitor the billing for you, in exchange for a percentage of your revenue. So you don’t necessarily need to do everything yourself. You could have an employee working on this – a billing expert, or even your receptionist (if he/she isn’t that busy…) In any case, I would never suggest you do everything on your own as a medical doctor. You have spent a solid number of years in medical school and gone through all that training for one sole purpose: to treat patients. So leave the bureaucratic boring billing things for someone else to do – unless you are a great multitasking person. Having said that, you always want to understand how the billing process works and you want to get an in-depth, inside view of what’s happening. This way you can always monitor the people working on this much better. Plus, it’s an interesting field of its own.
Continue reading Getting Started- The Basics (part 1)