Electronic Medical Billing - Should You Use A Clearing House Or Bill Directly To Insurance Companies
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Medical Electronic Billing - Thru a Clearinghouse or Going Direct
Most people think that the only choice is whether to bill on paper, or submit your claims electronically. Actually, if you decide to file your claims electronically, that just opens the door to many other decisions that must be made.
First of all, is your software capable of electronic filing? If you are not sure you will need to check with your software vendor to find out. Most likely if your software is capable of handling the NPI number then it is capable of electronic filing.
Once you determine that your software is capable you will need to decide if you are going to use a clearinghouse. A clearinghouse takes all of your electronic claims and reroutes them to the correct insurance carriers. All electronic claims of insurance billing companies would be batched together into one file and then uploaded to the clearinghouse. Then you would receive reports from the clearinghouse on the status of all the claims you uploaded.
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@benstoke A health insurance clearing house is a third-party processor that receives healthcare billing data and submits it to insurers. These entities can streamline billing, and they may reduce the frequency of claims errors. This can help therapists get paid more quickly and decrease the likelihood that a claim will be rejected.
A medical billing clearinghouse acts as an intermediary that scans claims for common errors, and standardizes them according to each insurer’s requirements, then submits them to the insurer. An insurance clearinghouse may: -
There are lot of medical store billing software are available who saves lot of time. This software makes billing task easy and you don't need traditional billing tasks with this accounting software.
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Provider Credentialing and Enrollment Firm in the USA allows healthcare providers to enroll with insurance payers. In addition, the patients can use their insurance to pay for services physicians render. Similarly, the provider gets payments for the medical services. Therefore, healthcare providers must enroll with payers. Healthcare practices can find loopholes in their claims submissions with our Medical Billing Audit Services. In addition, they should get Provider credentialing to enroll with maximum payers.
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Medical billing, coding & credentialing services by MedICD are not just another billing solution to outsource medical billing and transcribe patient data into billing codes. An expert team of medical billers and coders at MedICD ensures timely preparation of the claims and expedite the overall process to ensure that medical practices get maximum reimbursements in less time.
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