What is a refund in medical billing? Refund is a process of returning the excess money than the specified amount to the responsible party, patient, or insurer on request. This not only maligns the reputation but also attracts a variety of lawsuits.

Medical Billers and Coders are responsible for processing patient data including medical records and related insurance. In this position, you will code a patient's diagnosis and then request payment from the patient's insurance company.

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.

Improve Cash Flow and Reduce Accounts Receivable Medical billing reports give providers the ability to track the status of patient payments, identify unpaid invoices, and modify payment plans as necessary. This makes it more likely that payments will be made on time and that outstanding accounts will be paid.