The Options Clearing Corporation is an example of a clearing house that functions for the purpose of clearing equity options and bond derivatives, in order to ensure the proper implementation of these instruments.
Medical Terminology and Medical Billing. Professional medical billers have mastered the specialized language of medical code, and this code is based on the language of medicine. Medical billers and medical coders need to comfortable using and understanding medical terms in order to apply the correct codes to describe services delivered to patients.
Coding-Medical Billing Coding involves taking the doctors notes from a patient visit and translating them into the proper diagnosis (ICD-9 or ICD-10 code) and treatment medical billing codes such as CPT codes. This is for the purpose of reimbursing the provider and classifying diseases and treatments.