Medical Billing & US Tax Foundations
Discover the essentials of medical billing, from coding patient visits to managing denied claims. Then, learn the basics of the US tax system, including key forms like the 1040 and vital compliance tips.
What you'll achieve
Explain the medical claim lifecycle from patient visit to reimbursement.
Differentiate between CPT and ICD-10 codes and their crucial roles in billing.
Describe the process of submitting medical claims and effectively managing denials.
Identify the major components of the US individual income tax system.
Understand the purpose and key information on tax forms like W-2, 1099, and 1040.
Explain the difference between tax deductions and tax credits and their impact on tax liability.
Outline basic tax compliance requirements and best practices for record-keeping.
Recognize fundamental tax planning strategies for individuals, such as retirement contributions.