Medical coding involves giving precise codes to medical treatments in order to facilitate proper reporting and accounting. It does away with the requirement that medical professionals complete everything from registration to certification. Medical billing software can also be used to track patient appointments, submit electronic claims, process insurance payments, and generate financial reports. Both processes are essential in healthcare and medical coding often falls under the medical billing umbrella. Medical billing is the procedure of sending claims to insurance providers, governmental agencies like Medicare and Medicaid, and patients themselves for reimbursement of medical services rendered.
What is the role of medical billing