Billing and Coding Partner for Healthcare
Medwave is a premier provider of medical billing and coding services. But, exactly why are billing and coding so important and how can Medwave help your healthcare center perform these functions?
It’s certainly no surprise that the healthcare business is thriving, and its growth is projected to endure well into the future. With a population exceeding 46 million Americans (ages 65 and older), which is predicted to double by 2060, the demand for healthcare workers will not disappear anytime soon. At initial glance, doctors and nurses would seem to be directing the show at medical facilities across the country. That’s a reasonable judgment, seeing as they’re the ones treating patients. However, there are numerous other individuals performing at hospitals, medical offices and similar healthcare locations that make those visits to these healthcare providers possible.
Two such jobs are medical billing and coding
These functions are among the more indispensable elements in any of today’s medical practices. Accuracy in both is critical to meeting concerns such as patient safety, prompt payment and a generally successful business venture. That’s why medical billing and coding demand experienced professionals able to read, understand, document and track intricate medical information without delay, uphold patient privacy and pay strong attention to detail.
*THAT’S WHERE MEDWAVE COMES IN
To better understand their importance, however, we first need to be sure we’re on the same page when it comes to their day-to-day duties. Medical billing consists of preparing billing claims and submitting them to insurance providers. This makes certain that the hospital or medical office is reimbursed the accurate amount for the services they offer patients. Such reimbursements are provided by private insurance firms and assorted government healthcare programs, such as Medicare and Medicaid.
Summary
Just like any business venture, your medical practice must have a viable revenue stream and a steady cash flow to not only thrive, but to survive. Problem is, we’ve witnessed various medical practices struggle with exactly how best to bill for services rendered and collect payment for those services, sometimes putting the entire practice at risk.
At Medwave, we understand nothing is more critical to your business than the efficient managing of your revenue. In response, we’ve created a full-service medical billing and coding service to help you get paid both faster and in full. By not concerning yourself with these functions, you don’t have to worry about hiring your own team of billers and coders, saving you time and money.
Maybe all of this makes no sense to you and you’re asking yourself, “what is medical billing?” If that’s the case, just call us.
In brief, we have helped solve the puzzle that has troubled healthcare providers since the leather-bound volume of patient payments was kept by Philadelphia physician William Shippen, Jr. in the late 1700s – getting paid!
Medwave offers top-notch medical billing services. Contact us to find out what we can do for your healthcare group.
