Working in the medical field can be notoriously complicated. This field is not made any easier by the demand for consistent and accurate information brought through various channels and areas of the business. And that is exactly what the medical industry is- a business. Despite saving lives and innovating processes, the medical industry needs to make money to stay afloat and continue to heal people on a daily basis. The tasks of obtaining finances is filtered and accomplished by the medical biller and medical coder. These individuals or teams acts as the gateway to obtaining finances through various sources, such as different insurance companies, patients, etc.
Both medical billing and coding job duties are essential to the medical industry as a whole. Yet there are sometimes subtle differences between these two processe such as salary. See how much medical billing and coding specialist make.
The medical biller’s core responsibility is compiling the reports that get a payment processed. It may seem simple, but it takes time and accuracy. For example, an insurance company may request specific case reports, patient data, and response plans as well as detailed budgets for why something is costing what it is.
The baton is then handed over to the medical coder. The code actually seeks all this information where they then report it to the biller so he or she can compile the report. The coder assigns specific numerals and codes to the specific tasks done with the patient as well as the data and their records. Medical coding essentially requires detailed reports on complex data, made easier to transfer and share because they are ‘codified. Medical billing compiles these reports and communicates with the entities that need to send payment. Because of the accuracy of the reports, payment will be sent sooner than later.
In smaller institutions or facilities, a single individual may handle both of these tasks. Yet it is paramount to understand that they both areas focus on very different aspects towards the same goal. That goal is, of course, getting paid for medical services. Where coders work on the administrative tasks of obtaining payout, billers focus on the actual documentation and filing.
These two teams or individuals collaborate towards the same end. It is their work that keeps the medical facility successful, because it is their efforts that bring in payments through accurate checks relinquished because of accurate invoices. Insurance companies will not pay out unless the information is authenticated.