The medical billing process is not undertaken by a single individual. Medical coding involves front office administrators, such as receptionists, as well as back office staff, including the medical biller and coder. It is important to understand every step of this process if you intend to pursue a career in medical billing and coding. For the purposes of this lesson, we will cover the end-to-end process of medical billing as a whole, and not just the responsibilities of the biller and coder.
The primary job of medical billing specialists is to:
Understand each individual’s responsibility for payment, as they may differ from patient to patient
Evaluate and analyze insurance coverage and medical charges, and prepare accurate billing forms
Collect accurate payments from insurance plans and/or individual patients
These three primary tasks require many specific responsibilities within the medical billing process. In this course we will break down these responsibilities into a series of steps that begins when a patient schedules an appointment and ends when reimbursement is collected from the insurance company and/or patient.
The correct answers are; Limited liability and Shareholder.
Further Explanation:
A shareholder is a person or business who purchases or given stock in a company. The shareholder then holds ownership in the company. The amount of ownership depends on the amount of stock the person/business owns. The shareholder will receive a check from the profit of a company if the stocks rise throughout the year. There are two type of shareholders: Majority and minority shareholders.
Limited liability corporations are known as a LLC in the United States. The owners of a LLC are not legally responsible for the debt of the company. They are also not liable for the liabilities. A LLC has more tax flexibility than other types of corporations.
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Explanation: p.s. I am only 10
