XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> Want to Make More Money as a Medical Billing and Coding Specialist? | Medical Billing and Coding Class

Want to Make More Money as a Medical Billing and Coding Specialist?

If you’ve recently completed your training as a medical billing and coding ┬áspecialist and you are searching for some solid tips on landing the highest paying job, you’ve come to the right place. You don’t have to settle for a mediocre salary in any career, and this is especially true in the health care field. Often, annual salaries for medical billing and coding specialists vary quite a bit, even in the same town. Let’s take a look at some key factors that will guarantee a head start financially for your new career path.

The Education Advantage for Medical Billing and Coding Specialists

First, we need to look at the educational advantages of a medical billing and coding specialist that will lead to higher pay. Most specialists hold an associate degree and although this is a winning start, some employers favor specialists with a Registered Health Information Technician (RHIT) credential.

It’s vital to do your homework, no pun intended, before signing up for an training program that might not lead to the level of pay you need to make. Before even checking colleges, adult education programs, or online options, the best thing you can do is to call several hospitals in your area and ask to speak to the human resources department. You’ll be pleasantly surprised at how helpful they will be. Here are the questions you’ll want to ask:

  • What is your entry level pay for a medical billing and coding specialist without experience in the field?
  • What level of education do you prefer to hire?
  • Is there a particular school or training program that you lean toward when hiring?
  • Is there a school you can recommend?

These answers will give you an idea what your potential employers are looking for in a new hire. You can also check your local newspaper for facilities that are currently hiring medical billing and coding technicians. Call and ask them the same questions. Make a list of the answers you receive. Based on your list, decide which training program is right for you. If you’ve already received training and are having difficulty securing gainful employment in the field, you may want to continue your education.

The Independent Contractor Factor

Running your own business can be intimidating at first glance, but in order to make top wages as a medical billing and coding specialist, you may want to consider working for yourself.

Independent contractors generally work from home or from a remote office location. They receive billing assignments electronically, via email, and work at their own pace. The number one advantage of working for yourself is the fact that you can handle an unlimited number of clients. You may start out working remotely for one or two doctor’s offices, but as you gain more experience in the field of medical billing, and more of a solid reputation for quality work, you’ll soon find yourself with additional clients.

At that point, you’ll be able to decide whether you want to continue to work as you have been, juggling your client load by yourself, or whether you would like to consider hiring independent contractors to work underneath you. In no time at all you could grow your business from a one person operation to a team of medical billers and coders that you assign work to.

If you look at your new career in this light, you can see that there really aren’t any limits to what you can accomplish and how much income you can make. It’s up to you how successful you will be in your new career as a medical billing and coding specialist.

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