What Is Medical Coding Career

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Job Duties For Medical Billing And Coding Specialists

Medical Billing and Coding – Is it The Right Career For You?

Now that weve covered what medical billers and coders do, lets dive a little deeper into the day-to-day responsibilities of this position. Some of the job duties will vary based on the employers needs, but here are some of the common responsibilities for those who work in medical billing and coding:

  • Review medical data in a timely fashion.
  • Keep data well organized at all times.
  • Ensure medical records are complete and accurate.
  • Input clinical codes into medical classification software so that providers and/or patients can get reimbursed by insurance companies.
  • Enter healthcare records in the proper format required for medical registries and databases.
  • Track patient outcomes for quality assessment.
  • Maintain comprehensive electronic records so medical personnel can retrieve, analyze, and report on data when needed.
  • Assure that patients data is kept confidential at all times.
  • Review a patients medical records for any preexisting conditions and/or previous care to make sure that the data is coded the right way.
  • Use the correct codes when a patient gets a medical diagnosis to help healthcare providers administer proper care, assist health statisticians in tracking population data, and ensure healthcare facilities submit the necessary information to obtain reimbursement from insurance.
  • Liaise between the healthcare facility and insurance companies.

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What Are The Similarities Between Medical Billing And Medical Coding

Both medical billing and medical coding are a great way to be involved with the medical field without needing an advanced medical degree. You do not have to go to medical school for either medical billing or medical coding.

Another great similarity between the two careers is that they are in high demand. With the growing medical field and the increase of retirement and health issues common to an aging population from the baby boomer generation, there is a nationwide need for both billers and coders

Both medical coders and billers are an essential part of a patients experience. They both deal with the safety of personal medical information while making sure that billing and payment for services and diagnoses are done correctly. In many offices, there is only one person who handles both the medical coding and billing as a single job.

Even in training and certification, some programs, like CareerSteps online training program, allow you to get training for both medical coding and billing at the same time.

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Where Do Medical Coders Work 7 Settings That Might Surprise You

By Will Erstad on 11/09/2020

The healthcare industry is constantly growing and changing, and one of the lesser-known careers taking part in that growth is medical coding. This career didnt even exist a few decades ago but is now a crucial mainstay of the healthcare industryand the surge of opportunity is ongoing.

Medical coding jobs are projected to increase at a faster-than-average rate of 8 percent through 2028, according to the Bureau of Labor Statistics .1 Thats great to know, but you likely have more questionslike, Where do medical coders work?And what exactly do they do?to get sorted out.

We turned to data and expert insight to answer those very questions. Keep reading to learn more!

Is Medical Coding Hard To Learn

How to Become a Medical Billing and Coding Specialist

Medical coding can be challenging to learn. However, with the right training, hard work, and dedication, earning your medical coding diploma and starting a career in medical coding is possible!

There are several different categories of complex codes that must be learned during training to become a medical coder, including:

  • International Classification of Diseases is a code that represents doctors diagnoses and patients conditions. Created by the World Health Organization in the 1940s, the code has been updated several times.
  • As of 2016, the medical industry is using version ICD-10-CM, which stands for International Classification of Diseases Tenth Revision Clinical Modification. The clinical modification is a batch of revisions implemented by the National Center for Health Statistics , which allows coders to have more flexibility and be more specific within their reporting. ICD-10-CM codes are used to help to determine acceptable treatment based on previous occurrences on other patients and the history of the illness around the U.S.
  • The Current Procedure Terminology is a procedure code set that represents most of the medical procedures that occur in a physicians office. Regulated by the American Medical Association and updated annually, the CPT includes five-digit numeric codes that fit within three categories, encompassing most facets of medical care, quality control and research.
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    How To Become A Medical Coder: Certifications Salary And Jobs

    According to the U.S. Census Bureau, by 2030, one out of every five U.S. residents will be retirement age or older. And while an aging population will have a significant impact on a variety of industries, it will have one of the most significant impacts on the healthcare system.

    While this will mean a need for more doctors and nurses, those arent the healthcare careers for everyone. If the sight of blood is too much for you, consider a career as a medical coder.

    As a medical coder, youll be part of a growing fieldwith plenty of employers offering medical coding jobs.

    However, the path to becoming a medical coder isnt as simple as some online ads would have you think. There is a fair amount of training you need to undertake. But, once youve completed your education, youll be able to work in a variety of healthcare settings and may be able to work flexibly and even remotely.

    Note:

    FlexJobs is a subscription service for job seekers that features flexible and remote jobs. With an A+ rating from the Better Business Bureau, the monthly subscription costs allow us to fully vet and verify all of the jobs on our siteensuring that customers have a safe and positive job searching experience.

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    Reasons To Start A Career In Medical Billing And Coding

    Demand for medical billing and coding specialists remains high. Medical billing and coding jobs offer many perks, including work setting flexibility and career advancement opportunities.

    Are you ready to earn your online nursing degree?

    Even before the pandemic, medical billers and coders experienced the benefitsand challengesof working from home. In addition to the flexibility of working remotely, launching a career in medical billing and coding can give you the chance to earn a good salary and make a difference in the lives of patients.

    Many medical billers and coders are employed by hospitals, private practices, and billing companies. Many of these employers increasingly need medical billers and coders, as it’s a career that is constantly changing based on the state of global epidemiology.

    If you’re wondering if starting a career in medical billing and coding is a good idea, the eight reasons we outline on this page can help you determine if either profession is right for you.

    How To Become A Medical Coder

    How To Get a Medical Coding Job Without Experience

    Before you decide to pursue a medical coder career, you should know that you will need to pursue some specialized education. First, you will need to learn multiple sets of medical codes, as the government requires their use. Some of these codes are:

    • International Classification of Diseases, 10th Edition , which includes 69,000 codes for everything that can hurt you, make you sick, or kill you.
    • Current Procedure Terminology for the 8,000 codes that describe all physician services.
    • International Classification of Diseases, 10th Edition, Procedural Coding System used by hospitals to code the 130,000 different surgical procedures.
    • Health Care Procedural Coding System, Level III , which has over 7,000 codes that help bill insurance companies for supplies.

    There are other codes you will need to learn if you want to become a medical coder. And, if you wish to pursue a specialized field, for example, dentistry or cancer, you will need to learn specific codes for those areas, too.

    Beyond the codes, you will also need to learn about anatomy, physiology, and medical procedures, not to mention all the individual insurance rules and policies.

    Because theres so much to learn on the path to medical coder, most employers want prospective employees to have a solid background and education in medical coding. However, that doesnt necessarily mean you must have an M.D. or even a Ph.D. to do the job.

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    What Is A Medical Coder

    A medical coder is an administrative professional who reviews and completes medical claims submitted by patients and processes them for reimbursement to the insurance companies. These coding specialists translate the doctor’s diagnosis and report into universal codes required by insurance companies to process claims. They use medical classification software to apply codes for insurance billing purposes.

    Medical coding specialists work in various medical settings, including dental clinics, nursing homes, hospitals, rehabilitation facilities and therapy centres. However, they primarily serve in the administration department by translating patient’s record into specific codes. Also, they ensure a patient’s information gets the correct code based on their treatment. These professionals will then deliver this information to the insurance company or file it for internal documentation.

    Frequently Asked Questions About The Role And Responsibilities Of Medical Coders

    The typical day of a medical coder involves reviewing medical records and assigning the appropriate code to each procedure for billing purposes. The coder must evaluate the doctor’s or nurse’s notes and apply the right codes for everything from medical equipment to services to procedures, as required by the applicable government regulations.

    Medical coding is a fast-growing field and individuals looking to become a medical coder have the potential for employment opportunities in a variety of settings including hospitals, clinics, nursing homes, treatment centers, insurance offices, and law firms.

    The average pay for medical coders is $42,990 a year. The highest paying industries for medical coders are hospitals, physicians’ offices, nursing care facilities, outpatient care centers, and management of companies and enterprises. Salaries also increase with experience and seniority.

    Working as a medical coder requires outstanding attention to detail. One of the challenges of being a medical coder is that inaccurate coding can result in a loss of revenue for healthcare providers if the reflected charge is too low. If an inaccurate code makes the charge too high, the healthcare provider can face legal charges for over-billing.

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    How Do I Become A Medical Coder

    Fremont University can help you prepare for a Medical Coder career in just 15 months. The Associate of Science degree in Healthcare Information Technology provides the necessary medical coding training to obtain a job in this growing field. Students receive in-depth training in the following topics: ICD-10 CM, Healthcare Data Content Structure, Medical Insurance and Billing, Medical Terminology, Intermediate and Advanced CPT/HCPCS, and Computer Software Applications in Healthcare. Take the first step on the path to career success contact us today to learn more about our Healthcare Information Technology degree program and how it can prepare you for an in-demand career in Medical Coding.*In no way does Fremont University promise or guarantee employment or level of income/wages

    Medical Coding And Billing For Outpatient Services Program Faqs

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    What is medical coding and billing?

    Medical coding and billing is the process of translating information from patient recordstreatments, tests, and proceduresinto the standardized codes used to bill patients and third-party payers such as insurance companies, Medicare, and Medicaid.

    What will I do every day?

    Youll play a vital role in the healthcare ecosystem, helping to ensure that third-party payers are billed correctly so healthcare providers can get reimbursed. Youll review and manage patients electronic medical records and assign codes to diagnoses and procedures that have been performed. And youll be the liaison between healthcare facilities and billing offices.

    How much do medical billing and coding jobs pay?

    The salary for a medical coding and billing professional will vary by employer, location, and experience. But the median salary is $38,785 with potential for traditional employment benefits.

    What is the job outlook for medical billing and coding?

    Medical billing and coding jobs are plentiful. In fact, theres a nationwide shortage of people with this critical skill set. The Bureau of Labor Statistics estimates 9% employment growth in 10 years.

    Do I have to be certified to work in medical coding and billing?

    Wondering how to start a career in medical billing and coding for Outpatient Services?

    How do medical coding and billing certificate programs and associate degrees compare?

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    What Is A Typical Day In The Life Of A Medical Coder

    Have you ever wondered what a day in the life of a medical coder might look like? Medical coders can work in a variety of settings. Because of this, their individual workday may differ from someone else in the same position depending on the size of facility, type of physician, type of specialty, and more.A medical coder usually begins the workday by reviewing the previous days batch of patient notes for evaluation and coding. Coders also abstract other key information from the documentation, including physician names, dates of procedures, and other information. Many cases are simple to code. However, coders occasionally encounter a difficult note requiring in-depth research to code correctly. Finally, the coder completes the chart and begins the next patient record. This cycle of reading, note taking, assigning codes, and computer entry repeats with each chart. Therefore, the majority of a coders day is spent sitting at a computer reading notes and enter data into a billing system, or searching for information to clarify the documentation in the notes correctly.

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    Reasons To Start A Medical Billing And Coding Career

    Medical billing and coding certification can provide you with a way to enter the healthcare field quickly and with a relatively low barrier to entry. This administrative role will not have you interacting with patients daily, but it is vital to the proper functioning of our healthcare system. Here are 10 reasons to start a medical billing and coding career today:

  • Enjoy a rewarding career in healthcare
  • You do not have to be involved in patient care to enjoy a rewarding career in healthcare. As a medical biller and coder, you will be responsible for ensuring that healthcare providers receive appropriate compensation for the care they provide while helping patients get the maximum benefit from their insurance.

  • Work in a variety of settings, even from your home
  • The most common medical billing and coding job settings include hospitals, doctors’ offices, and insurance agencies. Government agencies have also been known to employ medical billers and coders, including the National Center for Health Statistics and Medicaid offices. Some medical billing and coding professionals even work for companies that develop medical software, and others work for educational institutions that train other medical billers and coders. You may even have the option to work from your own home.

  • Earn a great salary
  • Experience predictable work hours
  • Medical billers and coders are in high demand
  • Gain job stability, even in an economic downturn
  • Start working in your new career in as little as one year
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