Medical Billing and Coding is the backbone of the US healthcare system, essential for both physicians and hospitals. The process starts with patient registration at a doctor’s office and continues until the healthcare provider receives all due reimbursements from insurance companies. However, the primary focus on patient care can divert attention from efficient medical billing, impacting financial stability. This is where medical billing services play a crucial role. These services manage the entire billing process, ensuring accuracy and efficiency. By outsourcing such services, healthcare providers can focus on patient care while maintaining financial stability through timely and accurate reimbursements.
Benefits of Outsourcing Medical Billing Services
Outsourcing medical billing has become the optimal choice for many healthcare providers. Selecting the right medical billing outsourcing partner can be challenging. It’s important to find an established expert who guarantees maximum returns. Future Med, with extensive experience in Revenue Cycle Management (RCM), offers a comprehensive range of medical billing and coding services designed to optimize financial performance.
Scopes of Services Involved:
Medical Billing involves a cycle of services that involves various scopes and services named Revenue Cycle Management. Detailed below is a brief on Medical Billing and Coding Services:
- Patient Registration
- Demographic Entry
- Medical Coding
- Charge Entry
- Transmission
- Payment Posting
- Accounts Receivable Management
- Denial Management
Expert Medical Coding Services by Future Med Solution
Medical coding is a critical component of medical billing, directly affecting claim reimbursement. Errors in medical coding are a primary reason for claim denials. Our team of well-trained medical coders is proficient in handling various specialties and payer specifications, ensuring accuracy and compliance with the latest coding guidelines.
Our coding expertise includes:
- CPT and HCPCS Coding, ICD-10-CM, and ICD-1-AM Medical Coding
- HCC Medical Coding
- Chart Audits, MIPS Audits, and Code Review
- Payer-Specific Coding Requirements
