7 Phrases Every Medical Biller Needs To Know

7 Phrases Every Medical Biller Needs To Know

If you are considering working as a medical biller, or even starting a company in medical billing, there is a lot to learn. From EOB to HMO, it can become confusing without an index to reference. Here’s our guide to 7 Phrases Every Medical Biller Needs To Know.  Appeal An appeal is a mechanism by […]

What is Medical Billing?

What is Medical Billing?

Medical billing is the process of submitting and following up on claims with health insurance companies to receive payment for services rendered by a healthcare provider or medical billing company (interaction between a health care provider and the insurance company (payor).  Medical centers, hospitals, and private care professionals bill patients for appointments and services. These […]

Powerful Benefits Of Mentoring

Powerful Benefits Of Mentoring

In both business and personal life, we should all be seeking to develop our skills, continually learn new things, and challenge ourselves regularly. Naturally taking a degree of devotion, and life can often get in the way of our self-improvement efforts. Having a mentor – that is, somebody who can help guide, advise and teach […]

9 Reasons Why You Should Start A Medical Billing Company

9 Reasons Why You Should Start A Medical Billing Company

Are you considering a career change? Are you having a little bit of trouble choosing your first profession? Do you think about a position in medicine, data entry, or administration? If so, you should consider starting your own medical billing company. Here are several reasons you should consider a career in medical billing: 1.High Demand […]

In Medical Billing-You Can Be Your Own Boss

In Medical Billing-You Can Be Your Own Boss

The thought of becoming your own boss slithers upon everyone with a regular job from time to time. Perhaps you crave something besides the 9-to-5, something that doesn’t involve answering to a higher-up or checking in each time you want to stray from a predetermined process or operational goal. Have you ever wondered how to […]

Recession-proof Healthcare Business

Recession-proof Healthcare Business

When a recession or an economic slowdown occurs, markets become unstable, leading investors to sell stocks. While some industries are very susceptive to economic changes, other industries perform well regardless of what’s happening with the economy. And according to two different reliable sources, as they list down the industries that strive during recessions; Medical Billing […]

MEDICAL BILLING BUSINESS GUIDE

MEDICAL BILLING BUSINESS GUIDE

Billing a patient for any medical service can get a little complicated. Plus, not all patients can afford to pay the entire bill in full. And then there’s the paperwork. With laws like the Health Insurance Portability and Accountability Act of 1996 (HIPAA). Knowing which documents need to go where can be confusing and challenging. […]

Medical Billing Terms

Medical Billing Terms

Here’s a list of some Medical Billing Terms you can easily learn to get yourself familiar with the industry. A Account – Your charges for a medical visit. Account Number – Number your doctor or hospital gives you for a medical visit. Actual Charge – The amount of money a doctor or supplier charges for a certain medical […]

The Fundamentals of Medical Billing and Coding

The Fundamentals of Medical Billing and Coding

Medical billing and coding are the backbones of the healthcare revenue cycle, ensuring payers and patients reimburse providers for services rendered. Medical billing and coding translate a patient encounter into the languages used for claims submission and reimbursement. Billing and coding are separate processes, but both are crucial to receiving payment for healthcare services. Medical […]

Medical Billing Industry Growth

Medical Billing Industry Growth

The medical billing industry has been steadily growing over the last five years. According to IBIS World, the industry has seen an average of 3.1% growth to $4.3 billion from 2015-2020. While many sources have said that the industry took a minor hit in 2020 due to the Covid-19 pandemic, the industry is expected to rebound quickly. As […]