The physician doesn’t get paid for his services immediately
after they are rendered. Majority of the patients have insurance coverage and
details of such coverage are provided to the physician before treatment. It is
the responsibility of the physician to submit claims to the insurance company
and get paid for his services. Submitting Claims and getting paid is a lengthy
process and involves a lot of rules and regulatory systems and is very
complicated. The physician needs to adhere to all these rules before submitting
claims. This is the concept of Medical Billing. Sometimes the physician cannot
provide his entire attention to this activity. He entrusts this activity to
Billing Companies. This is a process of the physician providing rights to
Billing Companies to bill Medical Insurance claims in order to save his time
energy, and money.
After the provider renders services to the patient, the
billing company will submit bills to the insurance company/ payer, using the
insurance information that was last provided, as well as information about the
reason for the examination, and the exact type of procedure performed.
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