Healthcare providers should remain up-to-date with changes in the healthcare industry, including new codes, regulations, and software. Medical billing and coding are essential for ensuring that healthcare providers are paid correctly and on time. The Basis for Coding and Billing in the Medical Industry. These codes are then used to calculate the cost of particular medical procedures and treatments. To manage healthcare services and payments, two distinct systems called medical billing and coding are required.
What is medical billing and coding
