Medical billing, on the other hand, is the process of submitting the coded medical procedures and diagnoses to insurance companies for payment. Understanding Medical Coding and Billing. It is crucial to stay updated with the latest coding systems, regulations and procedures in medical coding and billing constantly. The International Classification of Diseases (ICD) code and Current Procedural Terminology (CPT) code are the two primary coding systems used in medical billing. Medical codes are used by healthcare professionals to charge insurance companies and give patients a clear idea of their healthcare costs, including doctors, dentists, and veterinarians.
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