One of the fastest-growing industries for jobseekers is healthcare. The most attractive thing with this industry is that even if you’ve no interest in patients’ care, you can still work in the healthcare field. You can take a career in coding and billing. This is the administrative function of the healthcare industry.
The healthcare sector continues to blossom every other day, and that means more career opportunities. According to the U.S Bureau of Labor Statistics, medical coding and billing specialists are expected to grow by over 22%.
What do medical coding and billing entail?
Medical coding and billing specialists use technology to help medical professionals update their medical records and get paid for the services offered. People working in the field assign standard codes for every diagnosis and procedure entered into the patient’s records. Then the information is forwarded to insurance companies, so they accurately process healthcare claims.
The medical coding and billing professionals can work in different healthcare facilities, from medical facilities to rehabilitation centers to medical offices. It’s a job done in an office environment, and most of these specialists work on a full-time basis though depending on the employer and the medical coding program; there could also be part-time positions.
The coding and billing specialists’ dress code also varies depending on setting and employer. In other places, you may be required to dress like other medical personnel, while you may be required to be in suits in different healthcare centers.
How much do medical billing and coding professionals earn?
BLS records show that medical secretaries earned an average annual wage of $34,000 by 2017. However, the salary of a medical coder varies depending on several factors, such as where you live and the type of office you’re working in. If you get certification from the certified professional coder (CPC) from AAPC coupled with experience, you could earn better pay.
How hard is a medical coding and billing job?
Every job has its challenges, but these challenges are the ones that make it enjoyable. After all, working in an office where you are not challenged can be boring. To become a medical biller is like learning a new language-difficult at the beginning, but as you continue, it becomes part of you.
Three coding systems are essential here; ICD, CPT, and HCPCS. The first is used to encode injuries and illnesses, and the other two are used for encoding services, equipment, and procedures. The long-term challenge of coding and billing professionals is the detective work it will sometimes take to code a patient’s record, though most coders love this part of the job.
Medical billing, on the other hand, requires people with excellent ability and skills to navigate bureaucracies. You will sometimes have to spend some good time interfacing with stressed-out medical practitioners and patients.
No matter how you define the concept, the medical coding and billing job is a great one. The pay is solid, with average annual earnings of $42,600 per year plus other medical billing benefits. The job opportunities also continue to expand in this field.