Frequently Asked Questions
On this page, you will find frequently asked questions about medical billing. We know a lot of you have questions about how to bill medical or dental claims. Medical billing can be a bit tricky at times, which is why we are here to help you get the answers you need. Here are a few basic questions and other information about medical billing. If you don’t find what you are looking for, send us a question down below.
FAQ
What is medical billing?
Medical billing is the process that enables providers to be reimbursed by their patient’s insurance companies. The medical procedure is assigned a CPT code that the doctor will use to tell the insurance companies what services were provided during the patient’s appointments.
What are the benefits of outsourcing your medical billing?
5T Practice Management can help with lowering your medical billing costs by reducing the turnaround reimbursement time through fast and accurate claims submittals, lowering your staffing costs, and with excellent customer service and follow-through. Which allows you to have more time to take care of your patients.
How much does it cost to outsource your medical billing?
Medical and dental billing is usually priced based on your average monthly claims billing amount. The range for most claims billing is between 2%-10%. Some medical billing firms may have a base monthly fee or a percentage whichever is higher.
What is a CPT code?
The definition that AAPC gives for CPT codes is:
“Healthcare Common Procedure Coding System (HCPCS) is a standardized code system necessary for medical providers to submit healthcare claims to Medicare and other health insurance in a consistent and orderly manner. HCPCS includes two medical code sets, HCPCS Level I and HCPCS Level II”.
More information can be found on the AAPC Website.
More great medical billing information can be found at: CMS.gov. We will be adding more of your frequently asked questions, so check back with us often.
Have a medical Billing Question?
Let us know, We are here for you!
For more information on rates and medical billing services, please call us at (385) 402-9015