Healthcare providers, including doctors, dentists, and veterinarians, must understand this process to ensure they receive payments for services rendered. On the other side, medical billing describes the procedure of submitting and monitoring claims for payment. CPT: This is used to document medical procedures, diagnostic testing, and preventive care services. These codes are used to identify the hospital procedures related to a patient's treatment who is covered by insurance and to facilitate payment of healthcare providers.medical billing and coding definition. Accurate coding is essential to ensure healthcare providers are reimbursed for their services. In order to accurately interpret medical diagnoses and operations for payment purposes, medical billing uses coding to represent them. Reviewing the medical documentation. Healthcare revenue management is built on the foundation of medical coding and billing.
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