Advantage of Medical Billing Services NC
Posted: Aug 12, 2014
An efficient and strong Medical Billing Services in NC is very necessary and of prime importance for the proper functioning of any medical service provider. If the medical service is effective enough, it will lead to quick reimbursements for the client. Medical Billing Services in Charlotte provides for medical claims billing and making appeals for incorrect payments.
What is medical billing?
Medical billing is a process of submitting documents which claim payments from insurance companies for health related issues. The money is claimed usually when that person visits a healthcare provider. As the 2003 Health Insurance Portability and Accountability Act (HIPAA) privacy rules mentions, it looks over electronic submission of bills, and has thus brought about a big change in medical billing practices.
HIPAA makes the health providers improve upon their services. Many health providers hire a third party service that is medical billing NC so as to save the trouble of learning an entirely new process and producing immediate benefit from them.
Advantages of filing of electronic claim-
- An automated online record management system makes it less probable to make mistakes in the form thus increasing the collection.
- Filing claims electronically rather than in hand written forms is a quicker process as the interface is data intuitional.
- It is easier to manage and track electronic claims
- It takes less than 21 days for payment and processing of electronic claims while it takes 90 days in case of manual submission
- About 60 percent of unpaid claims have been reduced due to electric billing.
- The cost of electronic filing is half the cost of paper submission and the cost of reviewing manually is three times the cost of electronic reviewing.
All of these are inspiring people to shift from the manual process to the electronic process of filing of electronic claim. About 75 percent of the people are choosing the electronic method of submission.
Medical billing Charlotte NC provides you with 24 hours per day accessibility, throughout the week. One can easily have the medical data that is patient’s demographics, the place, date and type of service referring to the doctor, CPT codes and modifiers keyed into the electronic billing system. Medical Billing in Charlotte thus help the physicians save a lot of money by removing shipping costs and support software. There are many professional billing companies that offer assistance for medical billing.
Want to get advice for this service you can read the article.