Medical Billing and Coding Salaries
Medical Billing and Coding Job Description
Medical billing and coding professionals are generally included in the category of health information and medical records technicians. The information provided below pertains to that more general category, unless otherwise specified. Specializing in coding and billing, individuals work in an office and provide each medical procedure and diagnosis with a code using software for classification systems. The system determines the amount of reimbursement for medical providers when patients are covered by health insurance Medicaid, or Medicare. Coders may be required to use multiple coding systems, such as those pertaining to long-term care, physician offices, or ambulatory settings.
Medical Billing and Coding Salary Statistics
The mean annual wage in this career category reported by the Bureau of Labor Statistics in May 2010 was $32,350. The highest ten percent in the field earned $53,430 annually and the lowest ten percent had an annual wage of $21,240.
Business, professional, labor, political, and similar organizations, the federal executive branch, giving and grantmaking services, other support services, and insurance carriers were the top-paying industries.
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New Jersey was the top-paying state, with an annual mean wage of $47,050. Oklahoma, Louisiana, and North Dakota were among the states with the lowest annual mean wage, falling within a range of $22,010 to $30,730 annually.
Medical Billing and Coding Job Outlook
2008 – 2018 Employment Changes 35,100 new medical records jobs 20% increase in employment
Medical billing and coding employment is anticipated to increase by 20 percent from 2008 through 2018, which is much faster than the average for other occupations. Job prospects are expected to be very good and general surgical and medical hospitals, physician offices, and nursing care facilities will have the highest levels of employment. As of May 2010, California, Texas, and Florida had the highest employment levels within this career, according to the Bureau of Labor Statistics.
Medical Billing and Coding Education & Training
O*Net reported that 65 percent of individuals in this career have a high school diploma or equivalent. An additional 21 percent have some college, but no degree. Ten percent hold an associate’s degree resulting from completion of a program that includes anatomy, physiology, medical terminology, clinical coding and classification systems, and healthcare reimbursement methods. Taking high school science, math, computer, and health courses may increase chances of admission into a relevant educational program. Coders may receive credentials through the American Academy of Professional Coders (AAPC). Specialty coding credentials are offered by the Professional Association of Health Care Coding Specialists (PAHCS) and Board of Medical Specialty Coding (BMSC).
Medical Billing and Coding School Online
These days, because of the high damand, a lot of people have become medical billers and coders. This career essentially pays very well especially if you obtain a Certified Professional Coder® certificate. The great thing about this industry is that you can find lots of medical billing and coding schools online so you will become a certified professional coder in no time. All you are required to do is get the resources you need for medical coding certification prep and effectively pass your certified medical coders examination.
Even with medical billing and coding schools online, you are provided with the similar accredited education and certification. Your education won’t change as a result of the setting. You will just get a excellent comfort, less travel required, and a better comprehension of the distance education and operating world we live in at present. Since the medical billing job deals with computer systems, networking, and certain computer software, it can be a great idea to begin the education with a course on the internet.
There are these great colleges to pick from, which will offer you over the internet courses that do not take any more time than long-established university. You can select from some of the top online schools like:
– University of Phoenix
– Devry University
– AIU Online
There’s a substantial amount of schools providing online medical billing courses and on line medical coding programs with first-rate programs required to enter the field. Such programs will include:
– Law, Ethics, and HIPAA
– Billing and Reimbursement
– Diagnostic Coding
– Procedural Coding
Once you join with one of the top medical billing and coding schools online, you will be provided a student ID and a pass code. This will get you into the classroom so you are going to attend your lesson. The school will show an attendance procedure in which you will be required to post an answer inside the classroom a specific periodof time per week. Your lacturers will correspond with you and the other class members through threaded discussions inside particular online boards. The course work will be given in a program outline giving you the materials considered necessary as well.
Medical transcriptionist and medical and health services manager are two healthcare occupations with similar responsibilities. Transcriptionists listen to dictation created by healthcare professionals and transcribe this into correspondence, medical reports, and additional administrative material. Medical and health services managers, also called healthcare administrators or executives, coordinate, direct, supervise, and plan healthcare delivery.