Medical Coding and Billing with HIPAA Compliance
Written by admin on November 19th, 2010Healthcare experts can greatly benefit from medical coding and billing services with HIPAA compliance. These services enable the timely submission of error-free insurance claims and medical bills. This considerably reduces the possibilities of claim denials and rejections and maximizes the revenue of healthcare establishments.
Ensures Security of Patient Information
Client information safety is assured through HIPAA compliance. Medical billing and coding companies that follow HIPAA protocols electronically process and transfer data through multiplexer, router or modem which ensures a high degree of privacy. The important steps taken to ensure secure patient information include:
? All employees have to use security codes in the workplace
? All computers are password protected
? Security measures ensure the integrity of protected information according to HIPAA guidelines
? The entire workforce of the company is trained in HIPAA regulations.
Electronic Filing of Claims Enhances Revenue Management
When medical facilities outsource their billing and coding tasks to a HIPAA-compliant service provider, it ensures that all their files are electronically processed. ?This ensures that their revenue inflow is maximized. Electronic filing of claims has the following benefits:
Minimizes the chances of errors in claim forms, thereby increasing collections
Filing is fast
Facilitates management and tracking of claims
Processing time is low
Chances of unpaid claims are less
Cost of filing claims is less than through manual submission
HIPAA Compliant Firms – Range of Services
These firms have experts trained in use of the latest technology and software to accurately carry out medical billing and coding procedures. The important services they offer include:
Patient enrollment
DRG/ICD-9-CM coding validations
Medical coding audits
Hospital/in-patient coding,CPT coding
Insurance verification and authorization
Charge entry
Insurance collection
Cash posting and reconciliation
Considering the growing demand for HIPAA compliant medical coding and billing services, several established outsourcing solution providers in the United States offer HIPAA compliant services. These services enable the effective management of their revenue and helps improve their bottom line considerably.
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