Working in the healthcare sector comes with many advantages, and not everyone needs to interact with patients directly. If interested in that combination, it may be time to mull over attaining a degree in medical billing and coding online. All it takes is six months to undergo training then start working in a completely different field. This article gives an insight into the information one needs to be equipped with to get started.
What Does Medical Billing and Coding Entail?
Medical billing and coding is an essential element for every health facility because the billing and coding personnel transform all medical procedures into a code for consumption by insurance companies. A lack of this important step means that hospitals and any other medical facilities would not be in a position to create accurate invoices or attend to as many patients as they do with the availability of medical billing and coding.
Advantages of a Degree and Career in Medical Billing and Coding
- Huge Job Prospects
According to a report by the U.S. Bureau of Labor Statistics (BLS), the opportunities available for persons with an online degree in medical billing and coding is expected to rise by 11% during the period from 2018 to 2028[1]. Do not be left behind, enroll today, and get a job after finishing.
2. Superb Job Pliability
Individuals with an online degree in medical billing and coding usually have numerous jobs at their disposal. This degree and the career comes with a variety of working environments, which could be in a nursing home, at a doctor’s office, in a hospital, or even working from home via the internet.
3. The Opportunity to Do Gratifying work
Medical coding and billing professionals are a key element to health care administrators because they keep a facility operating seamlessly; for this reason, the reward is definitely high.
4. Lucrative Job Positions
The pay that comes with medical billing and coding positions is higher than the federal minimum. According to a web report by AllAliedHealthSchools, their salaries stretch to $66,000 per year or a median salary of $40,000. [2]
Getting a Degree in Medical Billing and Coding
Studying online is considered as the most efficient way of obtaining a degree in medical billing and coding. The advantages of studying online are that commuting expenses are cut down, and one will have extra money and time as well as flexibility. It is essential to pick a program that is accredited by the Commission on Accreditation of Health Information Management. The online course will last between 6 and 12 months, but the benefits that follow will last for years thereafter.
3 Jobs For Persons with a Medical Billing and Coding Degree
Once one has acquired an online degree in medical coding and billing, numerous job opportunities will be at their disposal. Below are some of the job listings:
1) Title: Medical Records and Health Information Technician
Description: Interprets medical procedures, services, and supplies codes for charging of insurance claims.
Annual Salary: $39,000
2) Title: Certified Compliance Officer
Description: Ensures that processes meet industry standards and regulations through probing and assessments.
Annual Salary: $67,000
3) Title: Medical Transcriptionist
Description: Generatse medical transcripts for chart work using doctor dictations.
Annual Salary: $35,000
[1]https://www.bls.gov/ooh/healthcare/medical-records-and-health-information-technicians.htm#tab-5
[2]https://www.allalliedhealthschools.com/medical-billing-coding/medical-billing-and-coding-salary/
