Medical billing Industry

Trained medical billing services serve one of the fastest growing markets in the multi-billion dollar health care industry. They provide electronic insurance claims processing and patient billing services for doctors and health care providers.

along with the growth of PPO's HMOs and managed Care makes it harder for health care providers to maintain their profit margins.

 

WHAT IS MEDICAL BILLING?

  • This business seems to be no more than data entry and that the software makes the business work. And clients just waiting for someone to process their electronic claims..

  • WHAT IS MEDICAL CODING?

    Medical Coding is the process of converting verbal diagnosis and procedures to a standardized Universal numerical code. The details of the Medical diagnosis and procedures...

  • MEDICAL BILLING CLASSES

    The Medical Billing industry is one of the fastest growing industries in the market. In the Global market the Medical billing has shown a tremendous upsweep in the last few years...

MEDICAL BILLING FUNCTION

People from US normally acquire their medical insurance through their employer. An employer /company signs up for a particular health insurance plan..

MEDICAL BILLING INDUSTRY

 


Trained medical billing services serve one of the fastest growing markets in the multi-billion dollar health care industry. They provide electronic insurance claims processing and patient billing services for doctors and health care providers.


Competition, stagnant wages and government regulations are forcing all areas of medical service to cut cost while maintaining quality service to their patients. This, along with the growth of PPO's HMOs and managed Care makes it harder for health care providers to maintain their profit margins.

As competition for patients’ dollars continues to increase, medical practice finds it necessary to examine their own business operations. Medical claims and patient billing are the heart of any medial practice. Today, cash flow and slow -pay receivables can make the difference between survival and prosperity.


THE HEALTH CARE INDUSTRY RANKS AMONG USA LARGEST INDUSTRY


Health care has become the largest industry in the United States . It presently costs this country $ 900 billion each year , and is at an annual growth rate of 10 percent more .Most of this care is paid through insurance plans, which pay major portions of the charge patient pay the balances.


Doctors and health care provider routinely wait months for payments on insurance claims .As a result ,these provides are often forced to borrow funds at high interest rates to cover monthly operating costs.
Clerical personnel , for the most part , are spending valuable time generating paper claims .When they could be completing other important projects .also , cash flow to medical practices is slow and unpredictable because the error rate for paper claims is notoriously high .Some claims become lost in the mail or in a desktop sea of paper.

Ultimately , fewer dollars are collected than are due . The industry average shows 30 percent of insurance claims that are submitted Are returned or unpaid because of errors that could be eliminated with trained assistance in medical billing. That’s where we come in.