Medical coding and billing professionals are important members of a medical team. These professionals carefully maintain patient records and make sure that everyone is billed correctly. The health care industry depends on these professionals to properly code a patient’s diagnosis and then request payments from the patient’s insurance company. Know that you will fill a crucial role in the health care industry if pursuing a medical billing and coding career is what you choose to do.
If you like to spend time analyzing and assessing information without much patient interaction, this career path could be perfect for you. However, you still will be assisting patients in a more behind-the-scenes role, as you work diligently to ensure they receive the correct financial coverage.
Top Industries Employing Medical Billers and Coders1
• Professional, scientific and technical services
• Hospitals: state, local and private
• Administrative and support services
• Nursing care facilities
• Offices of physicians
In 2014, more than half of those with a medical coding and billing career worked in hospitals and physicians’ offices, and most others worked in other health care settings.1 If you are interested in pursuing a career in the health care industry, medical billing and coding is a great option.
At Grantham, you will learn the role and function of different types of healthcare facilities and environments, and you will be able to explain medical terms and abbreviations that are commonly used in health information management systems. If you want to find your place in the health care industry, Grantham can prepare you to begin your career with a strong foundation of health care knowledge.
Job Tasks Include1:
• Reviewing patients’ records for timeliness, completeness, accuracy and appropriateness of data
• Organizing and maintaining data for clinical databases and registries
• Tracking patient outcomes for quality assessment
• Using classification software to assign clinical codes for reimbursement and data analysis
• Electronically recording data for collection, storage, analysis, retrieval and reporting
• Maintaining confidentiality of patients’ records
These tasks are important because they ensure that medical office revenue cycles run smoothly.
As the baby-boom generation ages, the health care industry will grow. With the increasing use of electronic health records, the job responsibilities of a medical billing and coding career will continue to change. It is important to be familiar with the common computer software used in this profession.
Through our 100% online learning environment, you can learn how to use the standard medical coding system, ICD-10. This will become a valued skill to have when starting your medical coding and billing career.
Medical Billing and Coding Career Outlook
According to the Bureau of Labor Statistics, the median salary for a medical coding and billing career is $37,110. This salary is higher than the annual median salary of $36,200 for workers nationwide. In 2014, the national number of medical billing and coding positions was 188,600. That number is expected to increase by 15% by 2024. This increase is much faster than the national average for job growth.1
As health information technology becomes more prevalent in the health care industry, medical billers and coders will need to be there to manage the older generations’ health information.
The BLS also notes that health care occupations and industries are expected to have the fastest employment growth and add the most jobs between 2014 and 20242. Time Magazine even noted in an article that the health care industry is on pace to become the largest job sector in the U.S and that in February alone, the economy added 242,000 jobs and 38,100 of those were in health care.
Your First Step Toward a Career in Health Care…
…starts by enrolling at Grantham.
For many, a traditional education does not cut it in a busy lifestyle. An accredited online education can be the key to a successful career. If you are working, a parent or a working parent, online classes allow you to fit in your course work when it best suits your schedule.
If you want to help people receive the care they need by ensuring their financial coverage is carefully taken into account, Grantham can help.
Contact us today for more information!
For more information about the graduation rates, the median debt of students who completed the program, and other important information, please visit http://www.grantham.edu/disclosures/AAS-MCB