The healthcare industry is massive, with thousands of jobs and responsibilities to ensure a fluid, organized system. Part of healthcare includes coding and billing – two vital and equally important jobs to process medical records for insurance companies and patients. Read this guide to learn more about the importance of medical billers and coders and how slow output can hurt patients.
What is Medical Coding and Billing?
Medical coding is the process of assigning alphanumeric codes with medical diagnoses and procedures in a patient’s medical records. Medical coders submit this patient information to insurance companies, who use these coding requirements to determine the appropriate coverage under a patient’s insurance policy.
Medical billing and coding are separate yet interconnected processes, vital for submitting the correct health records for appropriate claims.
The Importance of Medical Coding and Billing in Healthcare
One reason medical coding and billing are essential for healthcare organizations is for insurance companies. Insurance companies review the medical care that the patient receives, such as medical procedures and treatment records, to see if their insurance covers it. When coders misfile the data, insurance providers may deny or delay payment. Furthermore, the patient may need to pay more out-of-pocket than initially covered under their insurance policy.
Try Supportable to Simplify Your Billing Services
Whether it’s for a small clinic or a large hospital, if your medical facility needs to streamline your medical coding and billing practices, try Supportable today! Supportable is an easy-to-use billing and insurance verification software. With Supportable, you reduce backlogs and miscommunication with your procedural coding, ensuring patients and insurance companies receive up-to-date, accurate information with their claims.
Call us at 952-564-3005 or request a demo to learn more about Supportable makes coding and billing easy.