Medical Billing or Physician Billing
The process that converts documentation of a physician visit (“encounter”) into a “claim”, filing it with a “payer” or “payor” (insurance company or carrier), posting payments, following-up on any “denial”, billing the patient for any remaining balance, and managing the “accounts receivable”. For more information see medical billing. Note: billing for hospital (in-patient) services may also be referred to as “medical billing” though the skills and technology required differ significantly between hospital billing (“technical” or “in-patient”) and physician billing (“professional”).
Medical Billing Company
A company that performs the medical billing process for one or more physician groups. Many billing companies concentrate on selected physician specialties. For more information see medical billing companies.
Medical Billing Services
The array of functions performed by a medical billing company, including charge entry, electronic claims filing, payment posting, denial management, A/R management and patient billing. For more information see medical billing services.
Medical Coding, Coding Services
The process of assigning the correct “codes”, usually CPT (“procedure codes”) and ICD (“diagnosis codes”), to a specific encounter. In many cases, the coding is performed by the physician when they sign off on a case (i.e. sign off on the documentation). In other cases, a coder performs the task. It is recommended that coders be certified by the American Academy of Professional Coders. In either case, the coding is based on, and must correspond with the physicians documentation (the “medical record”). A common truism for billing: “If it isn’t documented, it didn’t happen.”
Medical Billing Software
The software used by medical billers. Billers can bill for one group as part of the group’s staff or for many groups as part of a medical billing company. In addition to supporting all of the medical billing functions, the software may provide scheduling, check-in and other “front office” functions associated with office-based physician groups. For more information see medical billing software.