The U.S. Bureau of Labor and Statistics recently released their 2016-17 Occupational Outlook Handbook. Medical Biller & Coders, Medical Records and Health Information Technician jobs are expected to increase 15% by 2024, much faster than the average for all occupations1. The implementation of ICD-10 in October of 2015 contributes to the demand.
What is Medical Billing & Coding?
Medical coding is the transformation of healthcare diagnosis, procedures, medical services, and equipment into universal medical alphanumeric codes2. The medical coder reviews the clinical statements and assigns codes. The medical biller may or may not be the same person. It is the biller’s job to fill out the insurance claim form with the appropriate codes and submit for reimbursement. Education and training is the key to qualifying for a medical coding or billing position.
How do I qualify to work in medical billing and coding?
The AAPC offers certification, which is highly recommended if you want to be a strong candidate for employment. Some employers may require the CPC or CPB certification. See more information here.
What are the opportunities for medical billers and coders?
Hospitals and doctor’s offices are the two main places for medical billers and coders to work. Like any other profession, the state and region’s average salary will vary. The national average salary for a provider’s office is $31,000 and $38,000 for a hospital3. The federal government and research and development centers have fewer jobs but do pay a higher average of $46,000. A medical biller and coder’s salary will increase with experience. There are also many opportunities for advancement by earning additional credentials, like compliance and auditing.
The career of medical biller and coder is noble. We take care of the business of medicine so patients can focus on getting well and providers can focus on treating patients.
Thinking about taking the next step and training for a career as a medical biller or coder? Learn about online medical billing and coding degrees at Ultimate Medical Academy.
Statistics accurate as of January 12, 2016.