Why is the billing process important? Explain
by Debra Massenburg
Needing help with this question.
The medical billing process is important because it's the means by which providers (and their employees) are paid for their services.
The process itself - submitting claims, posting payments, billing patients, following up on unpaid accounts - if not done correctly has many opportunities for a provider to miss reimbursement for their services.
Many practices underestimate the effort and time required to bill properly. Simple follow-up on unpaid claims can require hours on the phone to resolve.
Promptly and accurately understanding and entering insurance and patient payment, copays, deductibles, etc is essential.
Hope this helps and answers your question.