As insurance policies become more complicated and codes must adapt to changing rules, medical coding is in high demand in the healthcare sector. Medical billing is an important but frequently disregarded part of healthcare. Medical billing services involve filing claims to insurance companies and then following up on them so that healthcare providers can be compensated for the services they offer. The standard billing system, fee-for-service billing, pays healthcare practitioners for each service they render. The conversion of medical procedures, services, and diagnoses into codes that insurance companies can understand is a crucial step in the billing process known as medical coding. While value-based reimbursement is based on the quality of treatment delivered, fee-for-service is based on the unit of service rendered.
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