It doesn’t matter if you’re young or old: starting out on a brand new career path is highly intimidating and you might not know exactly where you’re going. Medical billing and coding are without a doubt one of the best career paths that you can take, and with good reason. First of all, if you’re attempting to find your way into the medical industry without spending seven to ten years learning to become a doctor, then this is an outstanding way for you to get your foot in the door. Before you go any further, however, you probably what to know what medical billing and coding school will teach you, and how good of a job it is.
A Quick Overview of Medical Billing and Coding
There are actually two different items being discussed here, so we’re going to start with the most obvious one: medical billing.
What is Medical Billing?
The medical world is built on compassion and care, but it is also fueled by money. Unfortunately, it has to be, otherwise, it would be completely and utterly impossible for it to operate. When patients report to a hospital, a clinic, or a doctor’s office, they’re going to need to pay a bill at some point, and a record does need to be kept. In addition to that, it is very important to ensure that any payment plans are properly tracked by the institution in question. Medical billing can become very complicated, and it becomes even more complex when insurance companies are brought into the picture. As you can see, there is a lot to consider, and it is no surprise that so many are able to build it into a lucrative career.
What is Medical Coding
Medical coding school differs from medical billing in that instead of keeping track of finances, you’re keeping track of patient conditions. You can see that it’s definitely a bit more complex and involved, but what does it mean? Well, for one thing, if a patient comes in with a certain condition, or is diagnosed with a certain condition, that condition is assigned a code, and this makes it much easier to cross-reference in the records.
Medical coding ensures that proper billing is executed, but also that the proper diagnosis is performed – you can see that it’s going to get a little complicated here. Both medical billing and coding are extremely important in the industry, and if you’re going to jump into either one of them, you need to be ready to take on an extraordinary amount of responsibility.
What Can You Expect from this Field?
What can you expect after you learn medical coding and billing? Officially, according to BLS.Gov, this job is referred to as ‘Medical Records and Health Information Technicians, and the median pay is about $38,040 per year. That brings the total to about $18.29 per hour which is well above minimum wage – you can already see that there are some great reasons to start considering it.
In addition to that, the job is expected to grow by 15% in the next few years, which is a lot faster than nearly any other career. The reasons for joining this profession are pretty clear, and you’ll want to jump in right away. Financial aid is available for those who qualify. Call us today to find out more, take the next steps, and build your future.
For more information about graduation rates, the median debt of students who completed the program, and other important information, please visit our website: https://iticollege.edu/disclosures/