If you want to enter the healthcare field in a position that will let you make a major difference behind the scenes, medical billing and coding could be right for you! Accurate medical insurance billing and coding is vital to the industry and dependant on a quality education. A challenging position that relieves you of most physical duties, medical billing and coding can be perfect for people who want a challenging career that deals with numbers as well as patient interaction.
Recent changes to United States medical insurance legislation have enhanced the importance of healthcare billing and coding in the U.S. New Health Maintenance Organizations (HMOs) and Medicaid laws have made medical insurance more complex, increasing the need for qualified medical billers and coders in all areas of the healthcare industry. Billing and coding positions are on the rise in most major healthcare facilities, including:
- Physicians’ offices
- Private care facilities
- And more!
In each of these facilities, billing and coding job responsibilities could include preparing bills, itemizing statements, bills and invoices, speaking with patients on the phone or in person, and calculating and recording patient records.
Salary Range and Growth Expectations
The United States Bureau of Labor Statistics (BLS) reports that the healthcare industry employs 1 out of 3 workers with billing and coding training. Due to the vast number of patients at United States clinics and hospitals, a number of medical insurance billing and coding personnel are needed to complete insurance claim forms quickly and correctly and follow up with additional recording and billing.
According to the United States Bureau of Labor Statistics, workers skilled in medical insurance billing and coding will be in great demand over the next 10 years.
The Bureau of Labor Statistics (BLS) also states that median hourly earnings of Medical Records and Health Information Technicians were $16.42 per hour in 2012.
Medical Insurance Billing and Coding Schools
Many career and community colleges offer medical billing and coding programs that can be completed in a relatively short amount of time. These programs can generally be completed on campus, by distance learning or online. These programs generally teach you billing and coding techniques, as well as additional medical law and office practices and procedures.
These standard medical insurance billing and coding programs are followed by a certification exam that will ensure that you remain up-to-date in your field and career. On successful completion of the program and exam, you should expect membership to the Medical Association of Billers (MAB).
Some training programs can lead to more clinical roles, including positions involving anatomy and physiology. This means that along with your medical insurance billing and coding certification, you may later choose to use your experience to undertake further health administration training.
Search for medical insurance billing and coding programs today, and begin your exciting new healthcare career!