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.
Doctors Depend Heavily On Medical
Coders
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.
Claims may be paper claims or electronic claims. The medical biller verifies that all codes are properly matched
with medical diagnoses, procedures and medical devices involved and submits them to the responsible party (payer),
using the insurance information that was provided. The patient's health insurance then verifies these claims and
reimburses the provider for billable services as agreed. Patients will then be billed for any outstanding
co-payments, remaining co-insurance portions and services not covered by insurance.
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
| Industry |
Employment |
Percent of employment |
Hourly mean wage |
Annual mean wage |
| Offices of Physicians |
41,450 |
1.79 |
$13.96 |
$29,030 |
| General Medical and Surgical Hospitals |
65,290 |
1.27 |
$17.80 |
$37,020 |
| Outpatient Care Centers |
6,740 |
1.14 |
$15.12 |
$31,440 |
| Specialty (except Psychiatric and Substance Abuse) Hospitals |
2,340 |
1.09 |
$18.88 |
$39,270 |
| Nursing Care Facilities |
13,260 |
0.80 |
$16.05 |
$33,380 |
| * 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.
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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.
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Medical Coding &
Billing Schools and Training Programs You can Trust
Recommended Medical Coding Schools |
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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.
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Medical Coding & Billing
Training Program Complaints
Medical Coding Schools Reported
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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.
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Understand Medical Coding and
Billing Certification Purposes
Importance of Professional
Certifications
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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.
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Doctors Need Medical Coders and
Jobs are Posted Daily
Explore Medical Coding Jobs
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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.
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How to Break Free from
the Catch-22 of "Lack of Experience"
Lack of Experience Dilemma
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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!"
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How to Buy Medical Billing
Software that is Best for Your Business
Buying Medical Billing Software
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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.
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Identify Worthless
Offers and Avoid Medical Coding Rip-Offs and Scams
Medical Coding School Rip-Offs Exposed
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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.
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Start Your Own Medical
Coding and Billing Business
Your Medical Billing
Business
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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.
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How to Set Your Own Medical
Billing Service Fees
What to Charge for Your Services
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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.
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How to Improve Your Medical
Billing Service's Cash Flow
Medical Billing Business Cash Flow
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