Post by halena99 on Jul 18, 2024 6:10:24 GMT -5
The collection rate in medical billing differs and usually hovers between 70% and 90%. This figure shows portions of the billed services that were paid by patients and contracts with insurance companies. Such factors affecting the rate include the time taken to issue bills, correct coding to ensure correct tariffs are reported, timely and accurate submission of the claims, and follow-ups on the rejected or unpaid claims. The services that are provided by Medical Billing and Coding in California have higher chances of getting collections because of better standards of compliance and technology applied in the process. It is also true that accurate and complete information about the patient and proper communication related to the financial aspect of the patient also help in enhancing the number of collections.