Medical billing is the process where healthcare providers like your doctors, nurses, orthopedists, and dentists submit and follow up on claims with insurance companies, in order to receive payment for services rendered such as treatments, investigations and so on. Here are the reasons why medical billing is very important:
It is the bridge between your healthcare provider and insurance company. When you hire a medical billing company, you get to avoid the horror of severely contested claims that lead to a loss of income for the hospitals and denied healthcare for the patient.
This boosts company bottom line. Medical billers prepare claims for insurance companies and ensure that the practice receives payment for work done. Continued patronage of your medical practice also depends on the excellent performance of medical billers.
ProMD Practice Management was founded in 2004 by a team of physicians and health services administration professionals who had directed the expansion of South Florida Perinatal Medicine into one of the foremost maternal fetal medical practices in the state.