Read on to find out why this is a popular job in the healthcare industry
Medical billing and coding specialists play an important role in the healthcare industry. By accurately coding office visits, procedures, and diagnoses, and then processing insurance claims, they ensure that the claims are handled correctly and that reimbursement is sent in a timely manner. They also manage patient bills. This is an essential administrative function of a physician's office or healthcare facility allowing the providers to focus on patient care while the medical billing and coding specialist focuses on making sure the business side is running smoothly.
If you have an eye for detail and great organizational skills, if you're looking for a new career, or if you want to work in healthcare, but not directly with patients in a clinical setting, read on to learn some of the reasons why becoming a medical billing and coding specialist might be the right choice for you.
If you choose this field, you will not be working face-to-face with patients on a daily basis like nurses or medical assistants do. But, you will still be able to feel good about helping them by taking care of the necessary details related to coding and billing their visits and procedures properly, accurately, and efficiently. This can help the patients by letting them focus on healing rather than having to spend time dealing with a claim that wasn't handled correctly.
Assisting healthcare providers
Since the healthcare professionals who have direct contact with patients are focusing on taking care of them, they need others to focus on the office management tasks that are crucial in keeping the practice or facility financially fit. As a medical billing and coding specialist, you will be supporting the providers, and in turn, the overall success of their businesses by managing the coding of claims and billing in an organized fashion.
Potential for flexibility
The tools of the trade for a medical billing and coding specialist are a phone, computer, high-speed Internet, and the International Classification of Diseases manual (ICD-10) for coding. Because these tools can be used just about anywhere, there may be some employers who are open to the possibility of you working from home full-time or a few days a week.
If you are hoping for traditional work hours, this type of work can be found in a 9-5 office setting. However, if you are looking for work that works around your family's schedule or if you just like working at night, there is the potential to work different shifts, like nights or weekends, in places such as hospitals.
While you'll report to a supervisor who will be able to assist you if any questions or challenges arise, you can complete your daily work independently using the tools of the trade mentioned above. If you like going to work every day with a task list to complete and the resources at your fingertips to complete them with minimal supervision, this job may be a good fit for you.
Positive job projections
The Occupational Outlook Handbook of the U.S. Bureau of Labor Statistics states that our aging population is leading to a higher need for medical services, and because of this, more billing and coding specialists will be needed to cover the increase of claims and bills being processed. It also states that the projected growth rate for jobs in this field is 13% between 2016 and 2026. This is a positive outlook for job opportunities should you decide to train to become a billing and coding specialist.
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