Understanding Merchant Category Code (MCC) 8011
Merchant Category Code (MCC) 8011 is used to classify transactions related to the work of doctors and physicians not categorised elsewhere. It’s essential for healthcare businesses to understand MCC 9011 to ensure proper transaction processing. Correctly categorising transactions under MCC 8011 is crucial for ensuring compliance and streamlining reimbursement processes. It also aids in accurate financial reporting and helps prevent potential disputes with insurers and other stakeholders.
Businesses Included Under MCC 8011: Doctors and Physicians (Not Elsewhere Classified)
MCC 8011 encompasses a range of healthcare providers and specialists. These include:
- General Practitioners: Doctors providing routine health check-ups and non-specialised treatment.
- Medical Specialists: Cardiologists, dermatologists, endocrinologists, and other doctors with advanced training in specific fields.
- Clinics and Healthcare Practices: Practices that offer services by licensed physicians but are not constrained to a specific disease or condition.
Find out more about merchant category codes (MCCs) and their importance for your business.
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