How is math used in a medical billing career?
Medical billing is the process of reviewing and submitting medical claim forms to the insurance payer for reimbursement. Math skills are an important part of medical billing and are used for a variety of functions.Reviewing ReimbursementMedical billers must be able to review reimbursement assigned to medical codes and ensure that claim reimbursement is correct prior to submission. This may include performing billing calculations with addition, subtraction and multiplication.Reviewing InsuranceA medical biller may use mathematical skills when calculating a patient’s co-payments and deductibles for insurance verification and billing. A medical biller will often calculate the deductible percentage for the bill to inform the patient what he owes for the visit.Managing Accounts ReceivableMedical billers often deal with accounts receivable, or the amount that is owed to the health care provider. This includes calculating and reconciling amounts paid with amounts owed, posting insurance payme
Medical billers are responsible for maintaining all financial paperwork and electronic records relating to patients’ treatments. Medical billers work in a variety of roles, including doctors’ offices, hospitals, nursing homes and treatment centers. For this position, you must have at least a high school diploma. Many vocational schools and colleges also offer certificate programs in medical billing. Some college is often required, with knowledge of accounting and intermediate math, including algebra. Key skills needed in medical billing include analytical, communications and technology abilities.
