Medical Billing is the process of interaction between the health care providers and the insurance companies, also known as the billing cycle. The doctor diagnoses the patient. The next important step is to determine the appropriate code of the disease. This code is used by insurance companies to determine the need for medical services. In modern terms, the exchange of data between healthcare professionals and insurance company is carried out electronically using a standard interface – Electronic Data Interchange. If a paper form is used, especially for non-hospital services, the Health Care Financing Administration Claim Form is widely used (also known as CMS-1500). Medical Billing usually takes a few days, but sometimes can last for months.
Medical Coding is a highly specialized field of study, which is part of the medical administration and goes along with Medical Billing. Medical coders review the medical records of the patients to be able to translate them into the industry standard medical code. These codes are required for the payments from insurers, but it is also used for collecting valuable statistics information and to monitor the diseases. Accuracy of Medical Coding is important for the whole process of administration and reporting in Medicine.
Medical Billing and Coding are very important part of the healthcare automation. The study of these subjects takes place in highly specialized schools, one of which is the Anthem College – a school with a long history and traditions in the field. The Headquarters of the Anthem Education family of schools is in Fort Lauderdale, Florida, and has campuses in 34 cities around the United States. The college was founded in 1965, and over the years acquired or launched many other schools in the field of healthcare and technology.
Students in Medical Billing and Coding program at Anthem College are thoroughly trained to know in depth the procedures of coding and acquire practical experience. Upon completion of the college students are one of the most successful candidates for positions in the field of medical administration.