Revenue Codes in Medical Billing
In medical billing, a revenue code is a four-digit alphanumeric code used to identify specific categories of services or items provided by healthcare facilities that generate revenue. Revenue codes are an essential part of the billing process, as they help insurers and payers understand the nature of the services rendered and ensure accurate reimbursement.
These codes play a critical role in medical billing by providing a standardized method for identifying and classifying healthcare services, which is essential for accurate billing and reimbursement.
They are specific to the UB-04 claim form, which is used for billing institutional healthcare services, such as those provided by hospitals, skilled nursing facilities, and other institutional providers. Unlike professional claims, which often use CPT or HCPCS codes to identify procedures and services, institutional claims on the UB-04 form rely heavily on revenue codes to categorize various charges and services.
Check our comprehensive list of revenue codes below to ensure accurate billing for your services, you will find the right revenue code for your facility and type of service:
