Medical billing services Embed Partners offer healthcare practices a wide range of scalable and time-tested revenue cycle management (RCM) solutions. Whether your practice has complex healthcare regulations or you need to boost productivity, these companies provide a cost-effective solution that’s easy to use and provides visibility into your entire revenue cycle.
What is the history of Medical coding?
As you research RCM companies, ask each one how they’ll handle the front-end of your revenue cycle. Front-end tasks include patient registration, which involves collecting demographic information and insurance information, and charge capture. The latter involves recording ICD codes for symptoms and CPT codes for treatments, which a health care provider will then use to create a Superbill and submit to an insurer for reimbursement. The best medical billing services ensure that the resulting claims are clean and compliant with regulations.
The back-end of the medical billing process includes insurance follow-up, which is the responsibility of medical billers. These professionals send statements to patients for their copayments and out-of-pocket expenses and also follow up on unpaid accounts before sending them to collection agencies. In addition to these responsibilities, many medical billing companies also perform coding audits, which helps them identify common errors and rectify them before they result in denied claims.
