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Medical billing is the practice of submitting and managing claims with health insurance companies to receive payment for healthcare services provided.
Medical coding involves translating medical services and diagnoses into universal codes, while medical billing is the process of submitting these codes to insurance companies for reimbursement of healthcare services.
Medical billing is a leading industry in India due to its cost-effective services, skilled workforce, and English proficiency, making it a preferred destination for outsourcing by healthcare providers in countries like the United States. Additionally, India's adoption of international coding standards like ICD-10 has further bolstered its position in the global medical billing market.
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