Medical Billing and Coding Research Paper Example | Topics and Well Written Essays - 750 words

Medical Billing and Coding - Research Paper Example In healthcare systems, there are also regulations that govern the way in which the institutions bill their goods and services. In an argument by Kavaler & Spiegel (2003) prior to the creation of billing strategies a healthcare institution should ensure the specifications provided for by the both the W.T.O and legal laws in the country are adhered to. For instance, in some nations all public healthcare institutions are required to give free Tuberculosis funds. In these nations, such a law must be adhered to by all institutions regardless of the preferred billing strategy by an organization. This is different from other business entities which have the freedom to price their commodities. It is a democratic country, business entities are given the freedom to decide on their preferred pricing decisions (Lucas, 2008). However, health institutions are not independent because of their function in the environment. The influence of medical institutions should be regulated in order to promote equality in the provision of the service. Different in the healthcare system pricing is the fact that there are specific quoted prices for drugs. This makes the market an equal opportunity for success for all institutions. Additionally, this fact reduces the competition level of the market. Healthcare institution cannot use the pricing strategy to gain a greatest competitive advantage. However, health care institutions have the opportunity to alter this disadvantage when providing services for patients. The pricing of services is not regulated by any healthy body. Healthcare  institutions only rely on pricing services to satisfy their billing objectives. For this reason, many organizations invest mostly in providing quality services. Additionally, the quality of services provided is directly proportional to the pricing of the service. However, a significant number of healthcare organizations alter the quoted market price by a slim margin to incorporate cost incurred through processes like logistics. Apart from altering the market price, healthcare institutions offer specific purchasing packages.