How a Medical Clearinghouse is Able to Help You
The introduction of the medical billing clearinghouses has certainly minimized the stress of the physicians as well as the insurance provider to a huge extent. A big benefit when it comes to the clearinghouses is the fact that this would utilize such electronic billing system to submit the claims to insurance providers. Also, they would also help the physicians to obtain the reimbursement in just a small amount of time. In the past, home-based medical billers were being utilized. It takes a long time for them to submit the claim and then follow it up.
Denial claims would be in queue at the end of the year. Such wastage of paper was on the higher side since most of the claims were being mailed through post. Those insurance companies lost a lot of money for maintaining such postal claims and also the manpower used for this. Such paper wastage has been minimized and the billing process has also increased after the arrival of the medical billing clearinghouses. The billers of the billing clearinghouse would use the electronic mail system through filling a certain form which is the CMS 1500 and this will be mailed to the insurance providers. Know that the process is made really very simple. Clearinghouses have also improved the business time of the physician as well as permit him to treat more patients in one day. Also, they are very useful for getting the exact reimbursement for the physician following the patient’s treatment.
The clearinghouses are tied up with so many insurance companies and such would help to submit the claims of different patients who have insured in different insurance providers. If a particular insurance provider is not in contract with that particular clearinghouse, then they would print … Read More ...