Infinit-O - A Medical Billing Company
Infinit-O is a medical billing outsourcing company that focuses on each client to develop a bespoke package of solutions tailored to the business. Whether you are a start-up or an established organization, we view your business as our business and respond immediately to all your needs through our boutique medical billing outsourcing solutions.Medical billing is the process of submitting medical claims to insurance companies in order to receive payment for services provided to a patient by a healthcare provider.
The medical billing process starts when a patient visits the healthcare provider. Depending on the patient’s diagnosis and the medical services provided, a certified medical coder translates these into alphanumeric codes which are internationally recognized, International Classification of Diseases, 9th Edition (ICD-9) and Current Procedural Terminology,4th Edition (CPT-4). From this, a medical billing form is generated which is then sent to the patient’s insurance company.
The challenge starts when insurance companies deny or pend the medical claims submitted. The list of possible reasons for denial or pending of medical claims have been continuing to grow as laws, regulations and guidelines are formed or changed. Human error plays a large role as well. Depending on the State, the top billing errors may vary, but a few of the common errors include duplicate medical claims, medical necessity, beneficiary eligibility, non-covered services and bundled services. Whatever the reason for the denial, bottom line is, the revenue of the healthcare providers is extremely affected.
In this regard, more and more healthcare providers outsource their medical billing process to a medical billing company to get rid of the headaches and pains medical billing may bring. This also enables them to focus more on their core business which is providing medical billing services.
At this point, the success of obtaining the maximum reimbursement for the medical services rendered by the healthcare provider now lies in the capability of the medical billing company.