Patients must also know what services are covered by their insurance and be ready to pay for any that aren't. With over 67% of non-elderly Americans having private health insurance, it is the most prevalent type of health insurance in the US. By knowing how long they have to bill patients, the different types of medical billing, and who pays hospital bills, medical providers can provide more efficient and effective services to their patients. As a medical professional, you are tasked with not only giving your patients high-quality care but also seeing to it that you are compensated for your work. Medical billing guarantees that healthcare practitioners are paid for the services they offer. There are actually several types of medical billing in the US, including value-based billing, episode-based billing, and global billing.
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