Skip to main content

Medical Billing Insurance



Medical billing insurance is being touted as one of the fastest growing healthcare occupations in the United States today. As such, none of us really strangers to the term. However, there are still important aspects of medical billing insurance that we have yet to understand completely and doing so now might help us deal with our own billing and accounting woes, whether we are patients or doctors or insurance agents.

Below are some frequently asked questions about medical billing and the answers to them. Feel free to scroll down and find out more information about the lucrative career opportunity that is medical billing insurance.

What normally does medical billing entail?

Medical billing insurance is quite a broad concept. The term "medical billing insurance" encompasses, for the most part, all billing and accounts receivable management functions of a given health care provision concern.

There are actually numerous possibilities for you and your staff to handle the billing and accounts receivable of your practice. For one, you can have a third party company specializing in medical billing insurance to remotely access all your bill and statement generation functions only, leaving the accounts receivable management to the care of your own staff. Two, you can have everything done in-house and just hire a regular medical billing specialist to handle all billing and accounts receivable department right off the system already existing and established in your medical office.

Whatever arrangements are made and whatever system or systems you wind up using, the training and the need for medical billing insurance remain the same.

Is it a viable home-based business?

In a word, absolutely. The number of home-based medical billing companies are quite remarkable. However, contrary to what you might have heard or read about it, it is not that easy nor that quick to achieve some measure of success in work at home medical billing insurance. The FTC and the Better Business Bureau have issued an advisory against work at home medical billing insurance scams that seek only to cheat you out of your money. As much as possible, avoid ads that claim to make you rich overnight because medical billing insurance, no matter how lucrative a career, is not that lucrative as to make you rich overnight.

What is the difference between electronic claims submissions and billing?

Now this is a question that needs answering. Most people make the mistake of equating electronic claims submission with medical billing when in fact the two are distinct and wholly different. Medical billing insurance refers to billing and accounts receivable management whereas electronic claims submissions refer only to submitting electronic claims already produced by a biller to an insurance company or a clearinghouse.

Popular posts from this blog

Medical Billing Careers

Medical billing careers are among the top contenders of the recent job explosion in the healthcare industry. In fact, the Bureau of Labor Statistics states that it is one of the top twenty occupations in healthcare. Medical billing careers are pivotal to the success of the medical practice. It is often referred to as the doctor's key to getting paid for the services he rendered. Medical billing careers encompass a wide scope and a broad range of responsibilities as it includes front office tasks, among others, in its list of things to do. Nature of Work Success in medical billing careers is not as easy as it is often made out to be by those ads you see in the classified section of the local newspaper or the Internet. Not everyone who enters into one end up rich. Competition is fierce and in the end, the competent ones are the only ones who survive. To achieve some measure of success in medical billing careers, you will need to know all the basic concepts related to the jo...
Read more

Billing Insurance Medical Software

The process of selecting billing insurance medical software for a medical office or clinic can be overwhelming and time-consuming. There are just too many billing insurance medical software packages available out there; it's hard to make up your mind. In addition, compliance to strict guidelines regarding the privacy and security of patient records and information is required by the Health Insurance Portability and Accountability Act of 1996 (HIPAA). That makes it even harder to find a billing insurance medical software program that hits every aspect of the target. Finding the right type of billing insurance medical software can spell the difference between a good service and a bad one. In fact, the type of billing insurance medical software used in an office or clinic can greatly influence its bottom line. Its effect even embraces such things as business efficiency and employee turnover. There are also hidden costs to billing insurance medical software and they can often...
Read more

Medical Billing Jobs

Medical billing jobs are increasingly becoming one of the fastest growing careers in the employment market. It's not that medical billing jobs are easy because it's not. The job calls for complicated tasks that require a truly qualified and skilled professional to handle responsibly. Medical billing jobs are more accurately defined as practice management. It is a service based on trust. Unfortunately, the very nature of medical billing jobs make it susceptible to scams that not only mislead consumers to believe that they are going to make a good profit but also destroy the image that medical billing jobs have in the face of the public. Scams are abounding these days. That is why you, as a prospective employee looking for medical billing jobs, need to be more aware and attuned to the current trends in order to avoid getting fooled. What are the responsibilities? Medical billing jobs embrace a whole range of responsibilities. These include: * Read and review medical documentation...
Read more