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BILLING & CODING SERVICES: An Overview
Billing companies are rapidly becoming a vital segment of the national healthcare industry.
Due
to the recent changes in federal and state laws (i.e.: HIPAA),
paperwork has become a tedious task, averaging out to 30 minutes per
patient. The regulations put on coding and billing professionals by
HIPAA and CMS have greatly increased the need for experienced and
certified healthcare professionals. Practices, clinics and hospitals
simply cannot afford coding mistakes, yet they do not have the time or
staff to properly and accurately bill those patients, in turn creating
a demand for outsourced medical billing companies.
National
players have taken note, as traditional medical staffing firms have
expanded their services to include coding and billing and accounts
receivable management, and publicly traded companies are consolidating
the segment through acquisition.
For the past 25 years, Applied Medical Services' Profit Solutions
services division has specialized in medical coding, auditing, and
billing. And dozens of Applied Medical Services clients have been able
to profit from our experience.
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