Medical bills contain medical billing codes, which are associated with each service or piece of medical equipment provided with your care. Every year, insurers process over five billion claims to receive payment for equipment and services so that medical providers, healthcare facilities, hospitals, and medical supply companies receive their payments. Medical billing codes help ensure minimal errors, allowing claims to process smoothly and efficiently.
There are many many different medical products and services. As of 2010, there were over 25,000 different codes in the ICD-10. The ICD-9 is a huge book filled with all of the medical orders that can be billed.
These codes are also getting updated pretty frequently, but in 2013, there was a huge addition to the new medical coding and billing codes, which updated it to the ICD-10. There are now six times as many codes as there were before.
