Thousands of the American Medical Association’s CPT codes are utilized in modern medical billing processes, with some codes added, modified, or deleted each year. So many codes undergoing constant change can cause problems — like 80% of submitted medical bills containing errors. These errors can be attributed to many factors, including human error, improper formatting, and mishandled upcoding. Fortunately, the right techstack and supporting team members can improve billing processes and reduce the likelihood of costly mistakes.
One of the most common solutions medical practices explore is a billing clearinghouse. A billing clearinghouse acts as a middleman that lowers the risk of a practice being negatively affected by issues that impact billing processes. In this article, we’ll explain what purpose clearinghouses serve and whether or not your practice should consider implementing one.