Billables and Collections – Medical office Procedures
MEDICAL OFFICE PROCEDURES
What attributes to the success of a medical office is the medical assistant and the rest of the healthcare team, but in order to obtain this success, it is imperative to thoroughly comprehend the necessary skills, the To be successful in the medical office, it is important to understand the required skills, the type of job, and the surroundings where you will be performing your job duties. In general the speed of work in a medical office can fluctuate from day to day. In a medical office the scope of your job duties may encompass task from general clerical duties; billing, collections, banking duties and to clinical support or patient care. Whatever your task maybe, every medical office has its own style and approach of getting the job done. (AIU Course Material)
Billable expenses are those that are acquired by the patient for which the doctor’s office charges the patient for and billed for services rendered, the method of billing can be complex, billing usually has a connection to additional systems, and his would entail patient registering and medical records. In addition, billing also entails procedural codes (such as HCPC) and diagnosis codes (ICD-9). (Marshall 2004)
Collections are the method of receiving and the procedure of processing payments for the services that is given. Collections have a great influence as to the operation of the medical office. All areas of a medical office is reliant on monetary means. Staff has to be paid, lease, energy bills and material and supplies has to be paid and that takes cash. A medical office, a hospital and clinic all are an industry or a big business. If the business collection of monies is less than the financial commitment, in that case the medical business will be in financial trouble and will be in existence for a short period or no longer will operate at all. Collections are imperative in the support to maintain the office. When the physician office has a great amount of patients and the personnel is very well skilled and qualified and the system that is in place are effectual and sound the medical office is more than possible to be a successful and flourishing office. (AIU course material)
The pursuit of proficiently, for exceptional and outstanding patient service and to generate and produce a profit is a must for the operations of a lucrative medical office. With a successful generating profitable medical office, the setting and surroundings possibly will be a comfortable and well to do, supplies and equipment possibly could be new and up to date and in high-quality, salaries and earning is increased, and the spirits of office employees are inspired and more supported of each other and the morale of the employees is improved. Every element of a successful medical office equates to a better and pleasurable working awareness. (AIU Course Material)
Even though all businesses are in the