If you are wondering if medical billing and coding training is a good career choice, the short answer is “yes.” Positions in medical records are increasing in doctors’ offices, clinics, hospitals, nursing homes, and health departments. Now is a great time to enroll in this training because healthcare is one of the fastest-growing industries in the U.S
By talking to employees who work in medical coding and billing, you will learn their salaries are competitive. Their working conditions are above average and many work part-time or full-time from home. The employee benefits for these positions are typically excellent and the possibilities for promotion or transfer are also good. Now is an excellent time to explore training for this career and move into an entry-level job.
Medical Billing And Coding Training Provides Many Jobs
Medical coding and billing jobs are available because the U.S. Bureau of Labor Statistics (BLS) shows there is a 9% projected growth rate from 2020-2030. These jobs include positions in:
- Medical Coding
- Medical Billing
- General Medical Records
- Health Information Specialists
- Computer Input Data
- Office Finances
A postsecondary award in medical coding and billing such as a Certificate is required for an entry-level job. As of 2020, there were 416,400 people working in medical records in a variety of medical facilities. The projected number of new jobs from 2020 through 2030 is 37,100 and one of them could be yours with the right training.
Medical Billing And Coding Training Begins with Coding
Training for these jobs begins with understanding and applying medical coding. Coding is a standardized alpha-numeric language to translate doctors’ memos and reports into
CPT and ICD-10 Coding. Coders must understand medical terminology to accurately record and transcribe medical reports for current and future use. This information is:
- Stored in databases
- Presented to medical billers
- Used for filing medical claims
- Used for insurance company payments
Medical coders can take satisfaction in knowing they are helping patients by keeping accurate records of medical histories, examinations, diagnoses, medications, therapy, and other care. Doctors and nurses depend on these records for follow-up treatments.
|“Positions in medical records are increasing in doctors’ offices, clinics, hospitals, nursing homes, and health departments. Now is a great time to enroll in this training because healthcare is one of the fastest growing industries in the U.S.”|
Medical Coding Training Follows Up with Insurance Billing
Once students are well-versed in medical coding, they learn the essentials of medical billing. Medical billers use the coded statements and reports for preparing patient claims to send to insurance companies and other third-party payers. Each medical procedure and medication has its own code that must be correctly stated on the billing claim forms.
A biller’s job goes beyond just filing claims because they must record the insurance payments, adjustments, and balances owed on patients’ records. They send statements to patients to pay the balances and sometimes bill a secondary insurance when patients have them. As a last resort, billers turn some patient accounts over to collection agencies to obtain the balances.
Where Medical Billing And Coding Professionals Work
Medical coders and billers are not limited to working in doctors’ offices, because jobs are found in a wide array of healthcare facilities, including:
- Dentist Offices
- Health Departments
- Physical Therapy Facilities
- Mental Health Centers
Graduates from a medical billing and coding training program may also find employment with nursing homes, assisted living facilities, ambulatory surgical centers, Medicaid, Medicare, or blood banks.
Earn a Medical Billing And Coding Certificate for Entry-Level Jobs
The fastest way to obtain a position in medical billing and coding is by earning a Certificate in a quality program from an accredited college. You can see that Medical Billing And Coding Training is the gateway to a good career choice in healthcare. Explore ITI Technical College and its program and you will discover it is a school of excellence.
For more information about graduation rates, the median debt of students who completed the program, and other important information, please visit our website at: https://www.iticollege.edu/disclosures/