XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> Recession Proof Job Flexibility with Medical Billing and Coding | Medical Billing and Coding Class

Recession Proof Job Flexibility with Medical Billing and Coding

In today’s economy, worries over job security often run pretty high. If you are worried about the possibility of lay-off, being let go, or would like that extra security of owning and operating your own business, medical billing and coding classes may be for you. Most people dream of saying goodbye to punching a time clock at some point. You may think that an unstable economy is the wrong time to switch careers, but there is nothing further from the truth. A new career as a medical billing and coding specialist may be exactly what you need. Here’s some info to help you make your decision.

Medical billing and medical coding are actually 2 different, but closely related specialties. You can train in one or both. People who are trained in both areas have an opportunity for higher paying salaries, but you can make a good salary with one or the other. You can train as a medical billing and coding specialist online at your own pace and get on the path to a rewarding career.

What is The Difference Between Medical Billing and Medical Coding

Medical billing deals with the financial aspect of healthcare. You’ll handle the billing of insurance companies, work with patients for payment, and communicate with lawyers that are involved with patient care. Medical billers must be familiar with all of the billing practices for various insurance companies, as well as have a thorough understanding of government health care programs such as Medicare and Medicaid.

Medical billers can also work in the insurance sector, making sure that patients have taken care of their responsibilities of co-pays and deductibles. They also review which services are covered by the patient’s health insurance policy and which are not before approving a procedure for payment. Medical billers on both ends work as a liaison between the insurance company and the patient to ensure all parties have met their respective obligations.

Medical coders, on the other hand, deal with all of the codes representing different diseases, diagnoses, anatomical locations, medical procedures including lab work, and medications. These codes help to facilitate an accurate patient record as well as streamline the process of medical billing. It is important for a medical coder to be extremely familiar with all of the codes, as they are an industry standard that allow for clear communication between doctor’s offices, hospitals, billing, and insurance companies. The training is a little more intensive because of the sheer volume of information that must be learned.

Where Can I Find Work as a Medical Billing and Coding Specialist?

Medical billing and coding specialists don’t have to look too hard to find gainful employment. Doctor’s offices, hospitals, assisted living facilities, nursing homes, and mental health care facilities all have a need for medical billing and coding specialists. If you are really looking for flexibility, you can even establish your own at home business and enjoy the freedom that comes with working from home. It may be a little harder to establish yourself with a home business, but if you market yourself actively and provide quality work, you are likely to find yourself with more clients than you can handle alone.

If you would like a career in this exciting field, the first step is to enroll in a training course for one or both areas. Some may prefer to study only one area at a time, while others find it more efficient to study the two together. Keep in mind that if training for both areas simultaneously seems like more than you can take on, you can always get certified in one area, find employment there, and then start your training in the other.

Leave a Reply

Premium Wordpress Plugin