Medical billing services provide a range of services to healthcare providers to help them manage their billing and payment processes. Here are some additional details about the specific services offered by medical billing services:
Insurance Eligibility Verification service: Medical billing services verify the patient's insurance coverage and eligibility before any services are provided. This helps providers avoid claim rejections and improve their cash flow by ensuring that the insurance will cover the service.
Patient Demographic Information Entry services: Medical billing services enter and manage the patient's demographic information in the provider's billing system. This includes the patient's name, address, date of birth, and insurance information.
Claims Submission services: Once the provider has rendered a service, medical billing services submit claims to the patient's insurance company on behalf of the provider. They ensure that the claim is accurate and complete, and that it meets the insurance company's guidelines.
Charge Capture & Charge Entry services: Medical billing services capture and enter charges for the services provided by the healthcare provider. They ensure that all charges are accurately entered into the billing system, and that the appropriate codes are used.
Data Migration services: Medical billing services provide data migration services to help healthcare providers transfer their billing data from one system to another. This can be helpful when a provider is transitioning to a new billing system or merging with another practice.
Payment Posting services: Medical billing services post payments received from insurance companies to the provider's account and reconcile any discrepancies. They also generate and send invoices to patients for any portion of the service not covered by insurance.