Question

Why is entering the correct codes important for patient billing? Give an example of when the incorrect code might be entered and the consequences.

Answer 1

To enter correct codes is necessary for the medical or healthcare facility's financial stability. It is important that the patient's insurance information, dates of birth and addresses are correctly recorded for billing. It allows for the hospital to bill the patient for the right services offered and at the right time. In the absence of this, it will cost the medical facility both time and money not only for a cleanup but also for the eventual loss of revenue for the Hospital.