Medical Insurance Billing and Coding

Whether you are looking for the perfect work at home opportunity or you want to work in a professional healthcare setting in an administrative role, you may want to consider going into medical insurance billing and coding.  Medical insurance billing and coding are actually two different jobs, but since they are related they are often paired together and spoken of as a single opportunity.  The majority of health information technicians only choose to specialize in one or the other, but it is possible to learn both and excel at both professionally.

Medical Insurance Billing And CodingMedical insurance billing and coding jobs are on the rise.  The Bureau of Labor Statistics (BLS) expects demand for these roles to increase by an astounding 20% by 2018, which is nearly double the rate of job expansion in other sectors.  That makes this an excellent time to start training to become a medical insurance biller or coder.  By the time you finish school, you should find more openings than there are today.  Even just searching online, you should find a lot of openings right now.

What exactly is medical insurance billing and coding?  What will you be learning about when you decide to go to school for one of these jobs?  Medical insurance billing is exactly what it sounds like—as a biller you send out charges to patients or their insurance companies or the government programs which are covering their procedures, and then you log the payments as they come in.  If there are issues with payments, as a biller you will have to get in contact with all the parties involved to straighten things out.  You can also choose to facilitate payments from patients with payment plans, and if a patient disappears and defaults, you can send the payments to collections to free up resources in the billing department.

Medical insurance coding is a process which takes place prior to medical insurance billing.  Every day there are hundreds of patients who come and go from hospitals, and there are thousands of tests, procedures and treatments performed.  With so much going on it is much easier for hospitals and clinics to keep track of everything using numerical and alphanumerical codes.  These codes are used in billing but are also used for other purposes.  For example, a hospital may use the codes to analyze the procedures performed in their facilities each day in order to shuffle their staff around to generate greater efficiency.

Since the two jobs are related, there are people who perform both functions.  There is so much to learn which is unique to each though that most people only go into billing or only go into coding, but not both.  You will have to think about what interests you the most before you sign up for a training program.  Both of these jobs are “behind the scenes” jobs, though you’ll be interacting with the public much more as a biller than you would if you were a coder.  Do you enjoy working with customers to help resolve problems, or would you rather most of your interactions were with hospital staff?  This is a good basis for deciding whether to become a medical insurance biller or a medical insurance coder.

Medical insurance billing and coding does pay well, especially after you’ve been at it for a while and have become experienced in the field.  The median salary for medical billers and coders in 2008 was $30,610 according to the Bureau of Labor Statistics (BLS).  The BLS also stated that the upper end salaries were more than $50,000.  The key to getting a great salary is not only to choose your workplace carefully (government roles tend to pay more than roles at clinics, for example), but also to choose a specialty.  Medical billers and coders who specialize in complex areas of medicine tend to earn more money, just as physicians who specialize do as well.  The longer you work in your field and the more experience you gain, the higher your potential salary as well.  What if you choose to work from home?  There is a lot of variation in pay for work at home positions too.  Staring out you might only make $10.00 an hour, but you could eventually work up to $25.00 an hour.  If you have a specialization you may be able to earn more right from the start.  During your education you may also want to look for a chance to intern with a hospital or clinic.  An internship can jump start your career and also help you learn your role more effectively.  You may make the professional connections you need to get your first job in your chosen area of expertise.

To become a medical insurance biller or coder you’ll have to get training through an accredited program.  Not only is medical billing and coding extremely flexible as a profession, but the educational programs are flexible as well.  If you want to attend a traditional college you can, but if you would prefer vocational school you can do that instead.  There are also programs available online if distance learning is more within your budget and schedule.  Just make sure that any program you are thinking about entering is indeed accredited before you start comparing all the details to figure out which one is best.  Medical billing and coding is a very approachable field.  People who enter this field may or may not have any prior college education.

Medical insurance billing and coding offers you a chance to fill a critical, behind-the-scenes function in the medical world.  If you’ve always wanted to work in a hospital or clinic but haven’t had the resources or desire to learn medicine yourself, then this can be an excellent alternative.  If you want a work at home job which is consistent, profitable, and flexible, then medical insurance billing and coding is an ideal field.  You’ll be providing an important administrative service in either case, and whether you choose to manage your own career as a contractor or to become an employee, you’ll be on your way to a rewarding future.

Matching School Ads
  • Further Your Career with a Billing and Coding Diploma from Fortis!

Programs:

  • Medical Billing and Coding
  • Medical Records
  • Medical Office Assisting
Locations:  Grand Prairie
  • Ranked among the Best Online Bachelor's Programs in 2015 by U.S. News and World Report.
  • Lets undergrad students try classes before paying any tuition.
  • Has an average class sizes of 18 for undergraduate and 13 for graduate-level courses.
  • Offers numerous scholarship opportunities that can help students save up to $750 per term on their tuition.
  • Tends to educate degree-seeking online and campus-based students who are adult learners with families and students who work while pursuing higher education.

Programs:

  • Medical Billing and Coding Certificate
  • BS in Health Information Management
  • Medical Office Administration

Get hands-on training with Brookline College. We offer diploma and degree programs in the areas of health care, business, nursing, criminal justice, paralegal, and computer security. We understand that today's student is busy with many responsibilities, so we offer day, evening, and online classes, giving you options to fit school into your schedule.

Programs:

  • Diploma - Medical Insurance Billing & Coding
Locations:  Tucson

 The Secret to Getting Ahead is Getting Started

Congratulations! Your interest in Stevens-Henager College is an important first step toward changing your life. A career-focused degree is the key to a new career with a potentially higher income, better benefits, and more satisfaction.

Programs:

  • Health Information Management (BS)
Locations:  Saint George

The Secret to Getting Ahead is Getting Started

Congratulations! Your interest in CollegeAmerica is an important first step toward changing your life. A career-focused degree is the key to a new career with a potentially higher income, better benefits, and more satisfaction.

Programs:

  • Health Information Management (BS)
Locations:  Flagstaff
  • Online bachelor's programs include BBA, Criminal Justice, IT, Healthcare Management, Pscyhology & Public Health
  • Over 115 years of delivering quality education and personalized attention to students

Programs:

  • Specialization in Nursing Informatics (MSN)
  • Online bachelor's and associate level Computer Information Science programs are available.
  • Experienced professionals provide hands-on instruction in subjects such as internet security, network administration, and IT support.
  • Courses cover many relevant topics, including computer hardware and software, network operating systems, and more.
  • Students who have graduated high school in or before 2015 are eligible to apply.

Programs:

  • Computer Information Science (Associate's)

Welcome to Argosy University

Argosy University offers doctoral, master's, and bachelor's degree programs to students through its eight colleges:  College of Behavioral Sciences, Graduate School of Business and Management, College of Education,  College of Health Sciences, College of Arts and Sciences, College of Creative Arts and Design, College of Clinical Psychology and Western State College of Law at Argosy University as well as certificate programs in many areas.

Programs:

  • Business Administration - Healthcare Management (BS) (Online)
  • Online MBA program ranked 6th in the USA by CEO magazine.
  • In a university-sponsored survey, 4 out of 5 alumni reported being satisfied with their experience.
  • #1 Online School for military veterans according to Military Times.
  • 75,000+ graduates across all industries offer extensive networking opportunities.
  • My Unique Student Experience (M.U.S.E.) lets students watch, view, read, or hear content.
  • Smartphone app available for on-the-go learning.

Programs:

  • Master of Business Administration - Health Care Management

You’re serious about success. With your busy schedule and the desire to move your career forward, you can earn an accredited associate, bachelors or master’s degree at a pace that works for you anywhere, anytime, 24/7.

At AIU, the Serious U, you can get started to get ahead.

Programs:

  • Bachelor's (BBA) - Healthcare Management
  • MBA - Healthcare Management

Previous post:

Next post: