BC Advantage - 2016 Issue 6

How Taxonomy Codes Can Affect Insurance Payments

In the past, taxonomy codes may not have played a great part in payment of medical billing claims, but that is changing. Taxonomy codes are now not only affecting the amount of payment on medical claims, but also whether or not they are paid. What is a taxonomy code? Taxonomy Codes are an administrative code set for identifying the provider type and area of specialization for healthcare providers. They are alphanumeric and are ten characters in length. Taxonomy codes allow providers to identify their specialty. A provider can have more than one taxonomy code. When a provider applies for...

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