What is the purpose of coding and billing in medical administration?

The purpose of coding and billing in medical administration primarily focuses on accurately billing for services rendered and facilitating reimbursement from insurance companies. This involves translating healthcare services into universally recognized codes that convey the specifics of the treatment or procedure. Proper coding ensures that healthcare providers are reimbursed correctly and promptly for the services they provide. It also helps minimize errors and reduces the risk of audits or denials from insurance payers, leading to efficient revenue cycle management. Overall, accurate coding and billing processes are crucial for maintaining the financial health of healthcare practices while ensuring patients are appropriately charged for the services they receive.