Getting the required permits and certifications, such as HIPAA, is part of this. Develop a business plan and secure funding. While larger healthcare facilities can afford to have an in-house billing team, small practices often have limited resources to allocate to billing processes. Medical billing professionals are trained to handle complex and intricate billing processes, enabling them to identify coding errors and report the correct codes to the insurance companies. Billing mistakes can have serious repercussions, including legal action, in the highly regulated healthcare sector.
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