Medical billing businesses use robust software to ensure accuracy and follow strict processes and rules in the field. Billers and coders must submit claims with the appropriate codes for the procedures performed by the healthcare provider. These codes include claims for health insurance, Medicare, and Medicaid.

At its core, payment posting is the process of generating as much visibility as possible into your practice's revenue cycle management. It means that you have taken meaningful steps to: Track and account for all services that are being provided to patients. Accurately submit associated claims to insurance providers.

A medical invoice is a record of treatment and a bill. It provides an itemized breakdown of all medical services and the costs that indicate when payment is due. It also indicates what medical service has been received so that the patient can be billed accordingly.

The medical billing process uses the procedure codes provided by a medical coder to create an insurance claim or bill the patient. Put into simpler terms, the medical coder builds a list of what needs to be paid, then the medical biller determines who will pay for which procedures and submits the bill accordingly.