Charge entry is a vital process in the medical billing cycle. It is the process of entering important inputs and details to enable claims processing. All data that are entered should be error-free and in an approved manner.
When it comes to revenue cycle management (RCM), there are a series of complex steps – patient scheduling and insurance verification, medical coding services, charge entry, claim checking, payment processing, denial management, AR follow up, patient statements and quality & audit.
In the healthcare industry, medical coding is used for medical insurance reimbursement and also for maintaining patient records. For insurance agencies to know that there is no cheating or fraud happening, medical codes should be done accurately. This way they can find out the correct illness or injury and the treatment undergone for the patient.