Are you new to medical billing outsourcing? Then you must probably be aware of two kinds of billing payments, Bulk Billing and Private Billing.
These are challenging and have many common misconceptions about the differences. For a clear idea on the process and how medical billing works in Australia, learning about Bulk Billing and Private Billing will tranquilize your thoughts and have significant bearing on the healthcare practice.
What is Bulk Billing?
- Medicare is a government operated healthcare insurance scheme that aims to provide access to efficient and equal health insurance to all the citizens of Australia.
- All Australians are eligible for Medicare and medical services that can be claimed out of it.
- When medical billing outsourcing companies are ready to bill for Medicare patients for the services rendered by the healthcare professionals, the payment will be processed through the Medicare card.
- Later on the government will reimburse the payments’ full fee with percentage of 65 to 70 where it can also be negotiated.
- Bulk Billing is where Medicare is responsible for payments those are directly sent by the healthcare professionals.
- Bulk Billing= patients will assign the bills with a right for refund. The healthcare professionals without any additional charges will bill the amount for the services rendered.
