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What is Charge Entry?
Charge entry in medical billing refers to the process of accurately capturing and recording charges for healthcare services rendered to patients. This crucial step ensures that healthcare providers bill for all services provided, facilitating timely and accurate reimbursement from insurance companies, government payers, and patients.
Payment Posting
Payment posting in medical billing refers to the process of recording and applying payments received from patients, insurance companies, or other third-party payers to individual patient accounts. This critical step ensures accurate accounting of all transactions related to healthcare services provided, facilitating proper financial management for healthcare providers and accurate billing records for patients and payers.
What is Medical Transcription?
Medical transcription is the process of converting spoken or dictated medical information into written or electronic text. Healthcare professionals, such as doctors, nurses, and other medical practitioners, dictate their observations, diagnoses, procedures, and other relevant information into a recording device. Medical transcriptionists then listen to these recordings and transcribe them into accurate and comprehensive written reports.
What is Medical Coding?
Medical coding involves the transformation of healthcare diagnoses, procedures, medical services, and equipment into universal alphanumeric codes. These codes are utilized for various purposes such as billing, insurance claims, medical record keeping, and statistical analysis.