Code Sets - This is a collection of codes that are used to represent medical diagnoses and procedures. Procedural coding is used for procedures and services rendered. The process of submitting claims to insurance companies for payment is known as medical billing. The process of medical billing and coding involves reviewing the medical record, selecting the appropriate codes, creating the medical claim, and submitting the claim. Medical coding and billing is the backbone of healthcare revenue management. Medical coding is the process by which standardized healthcare procedures and diagnoses are translated into numeric and alphanumeric codes for insurance billing and medical record-keeping purposes. The Whole Truth About Medical Coding and Billing.
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