Medical Billing Services

The medical billing process begins with the patient’s appointment, followed by data entry, eligibility verification, coding, and charge entry, and then progresses to claim submission, payment recording, accounts receivable review, and handling denials.

RCM, or Revenue Cycle Management, is a process that deals with the financial aspects of medical billing. It involves handling transactions between patients, healthcare providers, and payers. The revenue cycle starts with patient registration and includes tasks such as payment posting and exchanging information related to patient statements and payment systems.

AR, is a process of keeping track of claims, ensuring revenue collection, and maintaining records of cash flow. It plays a crucial role in health practices, as it involves following up on submitted claims with insurance companies to optimize revenue recovery.

The amount you will be charged for medical billing services can vary depending on different factors. These factors include the types of medical procedures, the tax rate in your state, and the number of patients. On average, the charge is around 7.9% of the total medical revenue. Some companies may not have a setup fee, while others may charge fees ranging from $250 to $1000.

• Patient registration
• Eligibility verification
• Patient encounter
• Preparing medical claims
• Medical coding compliance
• Reviewing and cleaning claims
• Submitting claims to payers
• Payer adjudication
• Issuing patient statements
• Follow-ups
• Recording payments
• Reporting

You should have written evidence, like a copy of your medical record, to show the mistake. Then, you can take it to the financial counselor at the hospital. Also, it’s important to check your bill carefully to see if any items have been repeated and you’ve been charged twice for the same services. This tends to be a common mistake in medical bills.

Electronic Healthcare Records and it’s a type of digital software used in medical billing. It keeps track of all the important information about a patient’s health. EHRs are used to manage patient visits, store health records, and connect with electronic prescribing and laboratory systems. They can also be connected to patient portals and billing systems.