The healthcare field is considered to be ‘recession-proof’ meaning that regardless of how poor the economy is, there will always be jobs available. While millions of people are facing layoffs and unemployment due to our faltering economy, the heathcare field is still in great need of qualified personnel.
One of the most promising careers within the healthcare field is medical billing. A medical biller is a person who is responsible for submitting and following up on claims to insurance companies in order to receive payment for services rendered.
People who graduate with medical billing careers work with software that simplifies and standardizes the reports that are generated. If you are interested in becoming a medical billing professional, you can enroll in one of the many that will train you to become certified in the field. Medical billing careers offer competitive salaries based on experience. Those who are new to the field can expect to earn a little over $30,000 annually while billing experts with over twenty years of experience can earn $40,000 per year. You can expect to spend an average of one year in a and you can either attend classes in a ‘brick and mortar’ traditional school setting or you may study online.
Medical coders work alongside medical billers in health departments and hospitals to coordinate the providers health insurance billing needs. A medical coder uses a set of codes for reporting services provided by a health care provider to the insurance company. The codes used are nationally recognized and allow insurance companies to chart the services of the healthcare provider. In most cases, if a service provider does not code their claims then they will not be paid for their services by the insurance companies.
In order to obtain , you will have to spend up to a year studying a program that is endorsed by the Academy of Professional Coders or the American Health Information Management Association-depending on whether you wish to be a professional coder or a coding specialist. Certified medical coders can work in a great many environments such as medical offices, hospitals and insurance companies.
Both medical billing and medical coding provides job stability and the opportunity for advancement. Anyone interested in either field should research schools available in their area that offers the education and certification required to enter these fields.