Medical billing and coding is an important and fast-growing sector of the healthcare industry. The sector involves the creation of codes through patient records and tracking of insurance claims. The sector can be divided into two. The first part is medical coding which deals with the analysis and translation of patients’ records into universal codes that insurance companies utilize when filing claims.
The other aspect is closely related but different. Medical Billing entails the activities of professionals who file patients’ claims with insurance companies. They ensure that such claims are accurate and follow up until healthcare providers receive insurance payments. The Ultimate Medical Academy provides a comprehensive course that combines the two fields.
If you wish to be involved in the medical field without direct involvement in the treatment of patients, then this career path is perfect for you. Here are five reasons why you should start a career in medical billing and coding.
Work in Healthcare Organizations
The medical field is a noble and age-old field that many wish to get involved in. Medical billing and coding presents you with the golden opportunity to become a medical practitioner without the rigor of medical school, residency, and the many examinations and certifications you need before getting a medical license.
You will be a part of the giant network of people that impact the lives of others positively. The most exciting thing is you will not be at the frontline. A fact that is especially convenient if the sight of blood scares or nauseates you or you just don’t think a frontline medical career is for you.
Fast-Growing and Progressive
One of the most important things about a good career path is that professionals in the field should remain relevant for decades to come. You get this and more with a career in medical billing and coding.
Not only will you be able to choose a career path that many experts have projected to stay relevant for years to come, but you will also be in a field that is fast-growing and progressive. The Bureau of Labor Statistics estimates an eight percent increase in the demand for medical billing and coding experts in the next nine years. This figure shows that the BLS projects an above-average rise for the medical billing and coding field. If you want a career that will remain relevant, and present a lot of growth opportunities, then medical billing and coding is right for you.
Diversity of the Medical Billing and Coding
A career that has a lot of restrictions might not be the best career path for you. Luckily, you won’t get that with a career in medical billing and coding. Medical billers and coders can work in different healthcare settings.
Physician offices, hospitals, medical facilities, insurance companies, and healthcare companies all require the services of medical billing and coding experts. As a result, you can be assured that after obtaining a diploma or associate degree from a medical billing and coding certification program, securing a job won’t be a problem.
Professionals in this sector can also work in a variety of positions within healthcare organizations and insurance companies. After the course, you can work as a billing specialist, coder, medical biller and coder, medical insurance verifier, records clerk, or medical reviewer. If you need a flexible and diverse career, then pursuing a career in medical billing and coding is a great career move for you.
Medical Billing and Coding Is Lucrative
Apart from the fact that medical billing and coding is progressive and diverse, it is also quite lucrative. You can earn between $27,000 and $54,600 per year as a medical billing and coding expert. According to financial experts, this figure is a pretty decent one.
You can afford mortgage payments, pay taxes, save up for retirement and still be able to afford other essential things. What’s more? You also get the opportunity for career growth with certification. Our team of student support experts will help with exam-focused materials so that you can easily ace the Certified Professional Coder exam.
Easy, Flexible, and Short Training
With an online program like the ones at Ultimate Medical Academy, you only need eleven months to obtain a medical billing and coding diploma to get entry-level jobs as a medical biller and coder. You can also opt for the associate degree program, which lasts for only eighteen months.
The program is also very flexible and accessible. You can learn right from the comfort of your home at the right pace for you. You can also go about your normal activities while studying to become a medical biller and coder. You can continue working or taking care of your kids while you learn from the convenience of your home or office.
If all these factors appeal to you, you should consider starting a career in medical billing and coding starting with something like the Ultimate Medical Academy diploma or associate degree program. It’s easy, short and very flexible. Once you have a job make sure to grab a CDI Pocket Guide to ensure your coding is accurate.
Throughout the year, our writers feature fresh, in-depth, and relevant information for our audience of 40,000+ healthcare leaders and professionals. As a healthcare business publication, we cover and cherish our relationship with the entire health care industry including administrators, nurses, physicians, physical therapists, pharmacists, and more. We cover a broad spectrum from hospitals to medical offices to outpatient services to eye surgery centers to university settings. We focus on rehabilitation, nursing homes, home care, hospice as well as men’s health, women’s heath, and pediatrics.