The conventional payment approach, known as fee-for-service, pays healthcare providers for each service they give. There are primarily two types of medical billing in the US- professional billing and institutional billing. Private insurance is health insurance provided by employers or purchased individually. Medical billing is a critical mechanism in the healthcare industry that guarantees hospitals and doctors are paid for the services they offer to patients. First, consider enrolling in an accredited medical billing and coding program. While capitation billing entails getting a fixed payment per patient regardless of the amount of services rendered, fee-for-service billing charges consumers or insurance providers per service. However, this figure can be higher or lower depending on the individual's qualifications and experience. You can sit for the Certified Professional Coder or Certified Professional Biller test after finishing the program.
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