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What is W-9 form? Why it is required for Medical Billing.


W-9 Form

W-9 is Internal Revenue Services (IRS) request for Tax Payers identification number, mainly its used for third parties to collect ID information like Name, Address to help file information returns with IRS. Also its is used to help payee avoid backup withholding.

It is required for your name, Address and SSN number or employer identification number. When your giving out W-9 form be caution, because W-9 form contains sensitive information’s.

Why Insurance Company ask W-9 Form from hospital or clinic etc.,
Because medical billing is cycle indirectly or directly insurance company’s are working for hospital or clinic etc., for them we need to report SSN number / business tax id. As far as      W-9 is form is concern it is straight forward with the all the above mentioned information, also they need to pay to address, or to update their records, or to check / update records.

Note: W-4 Form is used by employer to determine the exact amount of tax withholding to deduct from employee wages.

Comments

  1. You can find and fill out W-9 form directly here: http://www.pdffiller.com/55586-fw9-Form-W-9-Rev-January-2011-2011-2012-Tax-Forms

    ReplyDelete
  2. Independent contractors and other people who work for themselves will need to report their Social Security Number or business tax identification number to their clients. This is done using Form W-9.

    Medical Billing Home Based Business

    ReplyDelete
  3. Is medical billing and coding applied all over the world or is there only a few countries that does this? I am new to such topic but I guess it will be interesting to know how it affects the economy.

    ReplyDelete
  4. Hi. You can find a blank Fillable Form W-9 here.
    http://goo.gl/zf5opY

    You can fill out the form, save it, fax it, and email it. Please feel free to use it.

    ReplyDelete
  5. Thanks for the FANTASTIC post! This information is really good and thanks a ton for sharing it :-)
    Best Medical Billing Companies

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  6. Excellent website. Lots of useful information here, thanks in your effort! . For more information please visit
    CPC training Hyderabad

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  7. Thanks for such a great post loaded with lots of useful information. Keep up the good work. If you are looking for the best information and suggestions related to Medical Billing Services visit Mindful Billing.

    ReplyDelete
  8. The W-9 form is a necessary document in the medical billing process as it contains sensitive information, and caution should be exercised when sharing it. Insurance companies require medical providers to submit the form to update their records and pay providers accurately. To ensure patient confidentiality and security of sensitive information, it's essential to partner with a reputable medical billing company when outsourcing the billing process.

    ReplyDelete

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