Medical Coding And Medical Billing Are Rated EXCELLENT 1st or Post-Secondary Career Choices For Anyone Interested In Healthcare
There are many young Americans today just graduating from high school that are looking to go right into the job market and start a new career within one year of graduating. Let s face it, with today s tough economy and college tuition and college loan interest payments at an all time high, parents and young adults are seriously considering skipping the four year college for now and looking at post-secondary programs from private, and public schools. The good news is that there are many opportunities available for adults who are willing to learn and apply themselves toward their educational goals. One career path that is rewarding and can be embarked on rather quickly is that of a medical coder, or medical biller.
The medical coder is a trained subject matter specialist who uses accurate information and standardized codes, such as ICD-9-CM, ICD-10-CM, CPT , or HCPCS, to initiate the process of creating financial claims for doctors and other healthcare providers who have provided medical services to patients. After medical services have been provided they are documented in the patient’s medical record which the medical coder reviews to code, a medical biller then takes this information to create invoices for reimbursement.
Medical Billing as a Career
Medical billing is another extremely desirable and rewarding career path closely related to medical coding, with excellent wages, benefits and promotions and bears great profit-making potential for those who wish to run their own medical billing business and consulting services.
“This is the BEST time to get your medical coding and billing career started, training is readily available and affordable. “
Medical coding and billing education and training is readily available and being offered locally and online through programs that provide detailed knowledge of medical coding and billing procedures. All that is required is a high school diploma and the will to succeed. Previous clerical experience in the medical field is not required, however medical terminology and computer skills, such as Microsoft Office is a great plus. Here is a typical job description as an example for almost all medical coding positions advertised:
- Review patient demographics and insurance information for accuracy
- Verify compliance with insurance carrier requirements
- Correlate diagnosis code with each procedure code
- Code the claim based on documented information using ICD-9 and CPT codes
- Approve all claims, work all failed claims by correcting the errors
- Ensure proper routing of worker’s compensation claims to assigned personnel
- Ensure charges for occupational medicine are billed at contractual rates
- Ensure proper follow-up for claims in process
- Respond to customer service calls
- Research and resolve rejected claims
- Maintain complete and accurate documentation
- Serve as mentor and trainer to less experienced staff
- Adjust, streamline and improve the quality of our medical reimbursement processes
- Other duties and responsibilities as assigned
Wages for Medical Billers and Coders
* These figures are provided by the Department of Labor (DOL) and are mean wages based on averages. Actual wages can be as much as $40,000 and more for medical coders in states like Massachusetts, and Connecticut.
It is important to start your medical coding career on solid ground and work toward building a rewarding career, or business without creating too much debt.
Funding for you vocational training is readily available for those who qualify. While many learn their skill in a local vocational training institution, or a community college, there also are completely free training and vocational rehab programs to be considered, such as through the Job Corps. ROP and other Department of Labor funded programs for the unemployed, low income and financially needy people, high school graduates who qualify for educational grants from the government under the Workforce Investment Act.
Medical Coding and Medical Billing Training
The vast majority of medical coding and billing career training programs offered on campus and online are good and lead to desired diplomas and degrees, but vary in length, cost and outcome. What might be right for one student could be wrong for another.
Medical Coding Billing Schools and Training Programs You can Trust
Recommended Medical Coding Schools
Medical Coding Billing Program Rip Offs
The amount of medical coding and billing programs offered everywhere is staggering! It’s crucial to know the good ones from the bad. Most lead to desired diplomas, others have certain limitations, or are just bad.
Medical Coding Billing Training Program Complaints
Benefits of Recognized Certifications
Seeking jobs without having recognized certifications might be setting yourself up with disadvantages over your certified counter parts. Employers set their own standards, many want certified medical coding and billing staff.
Understand Medical Coding and Billing Certification Purposes
Know Where the Best Jobs Are
Medical coders and billers want to work and there are plenty of jobs out there. the key of landing the better jobs is knowing educational requirements and understanding expectations of potential employers.
Doctors Need Medical Coders and Jobs are Posted Daily
The “Lack of Experience” Dilemma
Let’s face it! While countless opportunities exist, there are certain steps that must be taken in order to succeed. If you are a new medical coding and billing school graduate without experience then here are some words of wisdom on how to land your first job.
How to Break Free from the Catch-22 of “Lack of Experience”
Lack of Experience Dilemma
Billing Software Sales Tactics Exposed
If you encounter a medical billing software dealer who tells you anything they think you want to hear and are willing to sell their mother to make the deal tell them flat out: “I need software that does what I want, not what a dealer thinks I want!”
How to Buy Medical Billing Software that is Bestfor Your Business
Medical Coding Rip-Off Scams Exposed
People are desperate for work and scams lure unsuspecting job searchers every day. When looking for medical billing and coding schools and jobs you must first understand possible hidden pitfalls and be able to separate the good from the bad to avoid common rip-offs.
Identify Worthless Offers and Avoid Medical Coding Rip-Offs and Scams
Medical Coding School Rip-Offs Exposed
Build Your Medical Billing Business
Surprisingly, all too many people automatically ASSUME that graduating from a medical coding and billing training program is enough to immediately start their own business or services from home! But wait. not so fast.
Determine Your Fees and Rates
Every independent business person needs to determine what their basic cost of being in business is and determine all associated expenses and fees. They must not confuse income with profit.
How to Set Your Own Medical Billing Service Fees
Medical Billing Business Cash Flow
Instead of waiting 30, 60 or 90 days for payment from hospitals, physicians’ offices, nursing homes and other health care institutions, businesses can receive cash within 24 hours for goods or services through factoring.
How to Improve Your Medical Billing Service’s Cash Flow