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Medical billing vendors are responsible for translating billing codes, patient and provider information, insurance details, and other relevant visit data into accurate insurance claims. Additionally, these vendors handle the submission of these claims for reimbursement and help to manage claims denials and appeals processes. Some companies in this space also help practices to improve their overall revenue cycle performance through various reporting and analytics solutions.
Medical billing solutions are frequently bundled alongside other RCM software and services, particularly those that support medical coding.
