Industries & Professions /
Medical Billing Service Owners
Although many Americans are still without health insurance, some government programs are actively involved in providing insurance to the elderly, children, people with disabilities, and those with low incomes. The Centers for Medicare and Medicaid Services (CMS), which administers Medicare, Medicaid, and the State Children's Health Insurance Program, provides health insurance for approximately 70 million Americans. This number will increase as the baby boomer generation grows older, as the Children's Health Insurance Program evolves, and as more people become eligible for health insurance coverage as a result of the passage of health care reform. A CMS study projects that health care expenditures in the United States will reach $4.5 trillion by 2019. This will mean the filing of billions of insurance claims. Doctors will require even more assistance in billing and receiving payments, particularly as more billing procedures are done electronically. Merl Coslick believes that more billing professionals will become consultants to doctors' offices. Within three to five years, he predicts, the bulk of billing will be done internally, and consultants will be needed to train staff in medical billing software.