HIPAA standard medical billing services obtainable from various medicinal services outsourcing organizations in the US are helping healthcare companies guide clear of substantial fines and conceivable detainment. The majority of healthcare solutions see the HIPAA as a law relating to the privacy and safety measures of PHI

1. HIPAA Standard Electronic Medical Billing Services
Health Insurance Portability and Accountability Act (HIPAA) privacy rules and
regulations require the performance of healthcare companies on the way to
the flow of health records details. HIPAA standard automated submission of
bills, and has been a key component in setting off an excellent change in
medical billing techniques. Electronic billing allows medical companies to
obtain more profits in much less time period.
HIPAA requires healthcare service companies to enhance their management
operations. A large number of professional medical companies are looking at
third party medical billing companies to carry out the new standards. Medical
billing providers are specialists in HIPAA compliance and business
recommendations.

2. Getting medical billing services preserves medical service providers the
difficulty of understanding a new technique although gathering the immediate
advantages of an increased profits management cycle.
Benefits of electronic claim processing
Medical billing companies processing files claims in electronically for their
clients. There are several benefits to this:

3.  An online document management system decreases the probability
of mistakes in the forms, significantly escalating the collections.
 Electronic claims Processing is fast as the interface is data userfriendly.
 Handling and monitoring electronic claims is simple.
 Electronic claims are prepared and settled within just 21 days.
Manual submission and payment of claims will takes 3 months on
an average.
 Outstanding unpaid claims are lessened by nearly 60%.
 Processing claims electronically preserves cost. The charge of
processing a claim electronically is 50 % the cost of document
submission and the price of going over an electronic claim is 30 %of
the manual process.

4. These benefits are producing increasingly more healthcare companies take to
electronic submission of claims. In excess of 75% of the medical claims
processing submitted are electronically.
Medical coding, billing services and HIPAA compliance
HIPAA demands healthcare companies to carry out safety measures to fulfill
government rules and regulations and guarantee the hope of patients.
Medical Doctors should work merely with professional medical billing
companies who will be experts in HIPAA compliance. Just before joining with
your potential billing partner, ask these questions:
 What exactly procedures are in place to make certain HIPAA
compliance?
 Is the billing companies’ employees trained in HIPAA compliance?
 Does the staff value the distinction HIPAA compliance provides to
billing services?

5.  How is the safety measure of health information confident?
 Which medical billing software does the billing company use?
 Does the medical billing software integrate all the essential HIPAArelated specifications?
 Is the billing companies’ software suitable for your documents
management application?
 Does the billing provider provide detailed patient records
management services?
HIPAA provides enforced consistency of billing transactions. While this was in
the beginning regarded as an unnecessary time-consuming process, HIPAA
features assisted the healthcare industry improve earnings by billions of
dollars. Management performance and efficient record management systems
assist healthcare company decrease time to payments and enhance their dead
line significantly.

6. Electronic claim processing has infused a new existence into healthcare
procedures that are frequently bothered with low cash flow. Medical billing
companies make certain HIPAA compliance for your process, make your
profits management cycle far better and reduces costs of the billing process.
Contact Us:
Site: www.medicalcodingbillingservice.com
Email: info@medicalcodingbillingservice.com
Phone: 1-408-694-3673