Service in medical billing helps the medical practitioners as well as patients with an alluring satisfaction. There are several services included in the process of medical billing. A few of them are scheduling appointments, insurance verification, compensation posting, reconciliation of invoices, denial management, appropriate accounts receivable management, collection of payments of the patients, entitlement transmission, proper registration of patients, and following up with the insurance companies, etc. These services in medical billing attract medical practitioners. This provides doctors with stress-free attention to their patients.

Medical billing process is a perfect solution to manage the billing system of a medical practitioner by a professional medical biller. The medical billing process is followed by 10 steps. The steps include,

1. Registration of Patient
2. Insurance Verification
3. Submission of the record of the patient to the billing company
4. Medical Transcription
5. Medical Coding
6. Charge Entry
7. Charge Transmission
8. Accounts Receivable Follow-Ups
9. Denial Management
10. Payment Posting

This is an enhanced and detailed process that satisfies the medical practitioners and patients.

There are 3 types of billing systems in healthcare, let us know about them.

1. Closed Medical Billing System

The use of digital tools is the major part of a closed billing system. The health records are tracked with the help of using these digital tools. The most used treatment for charts is called Electronic Medical Record (EMR). Closed medical billing is preferred by small stand-alone practices with fewer physicians.

2. Open Medical Billing System

An open medical billing system is used by large healthcare organizations. The health records can be accessed easily by all the stakeholders like healthcare providers, patients, multiple healthcare organizations, third-party vendors, and so on. This setup uses HER (Electronic Health Record)

3. Isolated Medical Billing System

Patients manage this medical system individually through Personal Health Records(PHR). In this type of billing system, patients enter their information on their own. The patients refer to healthcare information according to them.

Medical billers hold some major responsibilities. Medical billers are like a viaduct between healthcare providers, insurance companies, and patients. Let us look into the responsibilities of a medical biller.

• Ensuring accurate patient information
• Requesting missing information from patients
• Update billing software
• Insurance Eligibility Verification of Patients
• Maintaining both paper and electronic documents
• Follow-up with the health insurance companies
• Transferring billing data to billing software
• To take care of financial discrepancies
• Scheduling Appointments
• Registering Patient Information
• Communicate effectively with the Patients
• Reconciliation of Financial Records and Patient Statements

Medical billers carry out their responsibilities with effectiveness and efficiency. Without performing any negative activity, their integrity is bliss to the medical industry.

Professional billing in healthcare means expert billing procedures. Professional billing is also known as physician billing. The expert billers bill the claims of the patients with healthcare insurance for the medical services availed by them. The process of reimbursement of claims of the patients makes the patient satisfied. The reputation of the healthcare unit also improves with the help of professional billing services. Professional billing is perfect for providing services and performing various administrative tasks like scheduling patient appointments, check-in registration, collection of payments, greeting and welcoming patients, and so on. The professional billing includes coding. The professionals are trained in both billing and coding procedures.