Medical billing is the process of translating healthcare services provided to a patient into a billing claim that is submitted to insurance companies or other payers for reimbursement. It is a critical part of the healthcare revenue cycle and ensures that healthcare providers are paid for their services.

Key steps in medical billing include:
Patient Registration – Collecting and verifying patient information, including insurance details.

Insurance Verification – Confirming the patient’s insurance coverage and benefits.

Medical Coding – Assigning standardized codes (ICD, CPT, HCPCS) to diagnoses and procedures.

Charge Entry – Entering the cost of the services provided.

Claim Submission – Sending the claim to the insurance company electronically or manually.

Payment Posting – Recording payments received from the insurance or patient.

Denial Management – Addressing and correcting rejected or denied claims.

Patient Billing – Sending bills to patients for balances not covered by insurance.

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