A medical billing audit is like a thorough check-up for a healthcare practice’s billing processes. It looks at everything that affects how the practice gets paid, like its policies, claims, and how it codes things. The goal is to find any mistakes or missed opportunities to make more money. There are a few reasons why a practice might want to do a medical billing audit. First, it helps them find any money that they should have gotten but didn’t because of mistakes. It also helps them fix those mistakes so they don’t happen again in the future. Audits also make sure that the practice is following all the rules so they don’t get in trouble and lose money.
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