The Medical Billing Insights
Responsibilities of Medical Billers & Coders – They Have Different Tasks in a Strict Sense,
Medical billers, in general, are responsible for submitting claims to insurance companies or payers. They have to do this task accurately and on time; on the other hand, the major role of medical coders in healthcare is to review the provider’s documentation to translate it into alphanumeric codes.
Thus, billing is concerned with the payment received by physicians for rendered medical services, whereas coding directly affects the cash flow. It means that healthcare organizations depend on both aspects to keep their reimbursement coming.
Types of Systems in Medical Billing Services
A system is a set of procedures & protocols that are interlinked in a network. And in the healthcare network, Medical Billing is one of the largest systems, generally consisting of three major types:
Closed medical billing services mean that the system is only focused on a singular practice. On the other hand, an open billing system allows the transfer of documentation/data across practices, healthcare professionals and facilities, etc. Whereas, the system that is completely removed from the healthcare facilities, physicians, and practices is known as an isolated billing system. Personal Health Records are one such example.
No matter what type of system you are used to working in, it is our responsibility to get your records sorted as per the latest industry standards and help you get more reimbursements.
Why Medical Billing Services?
You can have the following advantages by getting billing services from P3 Healthcare Solutions.
All Specialties in Medical Billing
Regardless of any of the following specialties, we offer the best health IT solution for you. We will help you with revenue cycle optimization through efficient medical billing, HIPAA compliance, and MIPS reporting for incentives and bonuses.
No Administrative Load Means Peace of Mind for Physicians
The financial well-being of a clinician is just as crucial as their physical well-being. Thus, to meet the demands of the revenue cycle, we must know what rules to abide by, and understandably, only billing experts like us can manage that. Although each specialty’s general billing procedure is the same, there are typically differences between ICD-10 and CPT codes. Here our expertise comes to the rescue. The primary goal of a medical billing company is to streamline the claim creation to the point of reimbursement. And guess what, we do that with the first pass acceptance rate from the clearing house.
Telehealth Medical Billing Services
With the rise of technology, we cannot deny the importance of Telehealth medical billing. The independence that physicians and patients receive while going digital is tremendous. However, it’s hard and not many people know how to bill such rendered services. P3Care comes forward as a guiding light in this regard to improve your practice management.
Switch to Automated Medical Billing Services for Improved Outcomes
What’s better than a medical billing company? A company that offers you automated billing and saves you hundreds of bucks on claim rejections. We have the resources to cater to such needs efficiently!