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Medical Billing and Coding Specialists Working From Home

medical billing and codingAs a medical billing and coding specialist, you’ll have a variety of employment opportunities. Once you’ve completed your training requirements it’s time to decide whether you want to work in a professional office atmosphere or set up your business from home. In today’s economy, more and more individuals are finding that working from home is the most convenient and financially rewarding way to enjoy their career in medical billing and coding. Is this the right choice for you? Here are some tips to setting up your business from home.

Medical Billing and Coding: Working from Home

A medical billing and coding specialist is responsible for assigning medical codes to various medical procedures and diagnosis that are performed in a physician’s office or medical facility. The codes, once assigned, are used for reimbursement purposes by insurance companies or the government. Because most medical facilities now keep these records online, medical billing and coding specialists don’t have to travel directly to a physician’s office or medical center in order to collect the charts and paperwork. All of this can be completed remotely online.

As long as you have a computer and the diligence to work from home without distraction, you can easily set up your business and work from home. As a matter of fact, according to the Department of Labor, medical billing and coding is one of the fastest growing and most popular work from home jobs today. Due to the boom of the medical industry, it is predicted that more medical billing and coding specialists will be required than ever before.

How to Gain Clients as a Medical Billing and Coding Specialist

Often, as with any other freelancer or individual that works from home, the first client is the most difficult to gain, but once you’ve built your reputation with that first physician or medical center, the others will come more easily.

One of the best ways to gain your first client and start the ball rolling is by joining medical billing and coding forums online. A good way to start is by networking with other professionals in your field and possibly taking some of their overflow work off of their hands. By working with other billers and coders you may receive a lower rate of pay at first, but it will help you to gain the experience you need in order to obtain clients of your own.

What is the Earning Potential of a Work From Home Medical Billing and Coding Specialist?

Work will most likely be slower paced at first, especially if you are new to the industry and haven’t yet developed your skills. By working with another medical billing and coding specialist (even if you need to travel to their home for a few mentoring sessions) you’ll pick up your pace and be able to work quickly and efficiently. Once you have a full schedule of clients you can expect to earn an average gross income of anywhere between $30,000 per year and $50,000 per year. Working from home keeps overhead low, which makes this career even more profitable.

If you are considering a career as a medical billing and coding specialist and wish to work from home, the key element you’ll need is determination. Working from home is always a challenge, regardless of what field you are entering. With the proper training, some experience under your belt, and the ability to network with other medical billing and coding specialists who work from home, you’ll soon become a work from home success.

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