Medical billing plays an important role in revenue generation from various sources like patients, insurance payers and suppliers, etc. The process can be quite complex and tiresome
Medical billing plays an important role in revenue generation from various sources like patients, insurance payers and suppliers, etc. The process can be quite complex and tiresome
Hospitals generate revenue from federal insurance programs, private insurance payers, and self-paying patients. The revenue coming from these three sources is calculated
There are various ways to bill accounts receivable in the world of business. However, medical billing uses different billing types as compared to other business sectors
In layman’s term, both hospital billing and physician billing, fall under the umbrella of medical billing. However, the professionals involved in the healthcare industry
The UB-04 and CMS-1500 forms are designed and maintained by the National Uniform Claim Committee (NUCC). Both of these forms are used for reimbursement purposes
The Centers for Medicare and Medicaid Services (CMS) define the fee schedule as “a complete listing of fees used by Medicare to pay doctors or other providers/suppliers
Developed by the Centers for Medicare and Medicaid Services (CMS) the Medically Unlikely Edits (MUEs) are used “to reduce the improper payment rate for Part B claims.”
In the health care industry claim denials and fraud are quite common due to thousands of insured patients visiting health care providers to avails best medical services
Sometimes providers tend to bill insurance companies for medical services that are not covered by insurance companies. This may happen because the provider may have forgotten
Based on the general understanding, a contractual adjustment may be defined in the following manner:“A binding agreement between a provider, patient, and insurance company