Hospital Practice Billing

Written by Anthony Tedesco
Bookmark and Share

Hospital billing can be one of the more complex tasks facing any employee in the field. Accounting for medical practice is extremely important for insurance, pricing, and malpractice coverage. Current accounting and billing software makes it possible for medical coding to be done efficiently, and with a much smaller margin of error than ever before.

Keeping Track of Patients, Diagnoses, and Everything in Between

Everything done to a patient, up to and including the administering of a Tylenol, is documented. This can add up to an impressive amount of data for any one individual, but writing everything out in full detail would make medical records a novel unto itself. A special code has been developed to help keep records to a manageable level.

Coding is simple enough to write, and the primary code relating to diagnosis and treatment is only about 10 to 15 characters long. It's when a dozen or more other actions are taken that the codes become complex. And if even a single number is off, the code could be for an entirely different problem. That also means the code is for the wrong cost.

Since medical practice is an expensive enough as it is, it's imperative than accurate accounting take place. With the cultural climate almost insisting a medical mistake be sued in response, it's easy to see why even missing a single number can be a disaster. Using the latest billing software can help any staff member get it right the first time. Special training is still required to use the software and understand the code, but a background and knowledge of medicine can also help prevent mistakes in transcription.

Bookmark and Share