The ins and outs of insurance billing in medical offices.
Medical billing generally requires the use of several docs, for different purposes. There are so many, they can become undeniably confusing. The hcfa cms form 1500 is the most important. You need this in medical offices when requesting payment for services rendered. The CMS 1500 was not always referred to as such. At inception, it was dubbed the HCFA 1500. It was named in reference to the Centers for Medicare and Medicaid Services.
Most medical offices use this form for Medicaid State Agency invoicing.
The form is mostly used by non-hospital providers and suppliers in the medical industry.The rule is that you must file your cms 1500 version 02/12 claim form with the payer inside of 365 days of providing services to patients. Some people attempt to use copies of the form, but quickly realize it is produced with a unique ink, making it impossible to re-use. Due to a specific scanning technology called Optical Character Recognition, the red ink facilitates the reading of the information on the form.
If the ink is not 100% good quality, submission errors result.
It’s critical that you have a document with the exact ink and data on it to have a successful submission. Ensuring your submissions succeed requires use of the latest form version, and the correct ink specifications. Not using the correct form typically leads to form rejections, along with delayed insurance reimbursements.
Make the wrong move… and you get nothing.
On top of this, waiting too long to re-send the updated form could result in no reimbursement whatsoever. So make sure when purchasing this form, you are buying from a company that is reliable, and has the exact ink that is needed. This will keep your office operating smoothly, and your claims paid out on time.