subject: Merits Of Using Medical Billing Clearinghouses [print this page] The advent of medical billing clearinghouses has reduced the stress of the physicians and insurance provider to a great extent. The biggest
advantage is; the clearinghouses make use of the electronic billing system to submit the claims to insurance providers. They help the
physicians to get their reimbursement in a short period.
In the earlier days, home based medical billers were used. It took enormous time for them to submit a claim and to follow it up. At the end of
each year, the denial claims were in queue. The wastage of paper was on the higher side as most of the claims were mailed by post. The
insurance companies lost most of their money for maintaining the postal claims and manpower used for it. The paper wastage has reduced and
billing process has significantly increased after the arrival of the medical billing clearinghouses.
The billing clearinghouse billers make use of the electronic mail system by filling the CMS 1500 form and mailing the claim to the insurance
providers. The process is made quite simple. The clearinghouses have improved the business time of the physician and permit him to treat more
patients for a single day. They are also quite useful for fetching the exact reimbursement for the physician after the treatment of a patient.
Generally, the clearinghouses are tied up with many insurance companies and it helps to submit the claims of different patients who have
insured in different insurance providers. If a particular insurance provider in not in contract with the clearing house, then they will print
and send a mail to the insurance provider on behalf of you with some additional fee. They check the errors in the bills before submitting the
claim which makes them special.
One of the important things to be worth noted while choosing a clearing house is; to choose the right medical billing clearinghouses as there
are many of them spotted in the market. Check out the details before hiring a clearing house because there are some of them that charge flat
fees. Anyway, the services rendered by the medical billing clearinghouses are quite essential for the health sectors.
