Physician and Hospital Billing-What’s the Difference?

Information is out of date

Physician billing, which is also termed Ambulatory Surgical Center (ASC) billing or professional billing is the billing of claims for services, which were offered or performed by healthcare professionals or a physician that also includes inpatient and outpatient services. In this blog, we will take a quick look at both physician and hospital billing.

Majorly, these claims are billed electronically as the 837-P form. Institutional billing deals with claims for procedures or work executed by institutions like nursing facilities, inpatient and outpatient centers, and hospitals. Moreover, these claims need the 837-I electronic version or the UB-04 paper form. Institutional or hospital billing is basically more complicated and needs separate billers as well as coders.

As far as physician billing is concerned, the role of billers and coders is merged many times. Nevertheless, when we emphasize medical billing and coding, one should specifically understand that physician billing services and hospital billing agencies are of a similar craft, it varies with coding undertakings and their names.

Difference Between Physician and Hospital Billing:

Physician Billing

Professional billing or Physician billing is responsible for billing cases for procedures performed by physicians, suppliers, and other non-institutional suppliers for outpatient and inpatient administrations. On a CMS-1500 form, professional charges were charged. The form is white in color and the letters are printed in red ink. Moreover, the CMS-1500 form is used by suppliers and doctors for case charging.

There are still some cases that are charged on paper while Medicaid, Medicare, and most insurance companies accept electronic claims, as the necessary charging strategy. The 837-P is an electronic version of CMS-1500. The P stands for professional configuration. An expert physician billing services sometimes have numerous job responsibilities compared to institutional or hospital billers.