10 Reasons to Start a Medical Billing and Coding Career: Professional Development: Indiana University South Bend (2024)

Medical billing and coding certification can provide you with10 Reasons to Start a Medical Billing and Coding Career: Professional Development: Indiana University South Bend (1) a way to enter the healthcare field quickly and with a relatively low barrier to entry. This administrative role will not have you interacting with patients daily, but it is vital to the proper functioning of our healthcare system. Here are 10 reasons to start a medical billing and coding career today:

  1. Enjoy a rewarding career in healthcare

You do not have to be involved in patient care to enjoy a rewarding career in healthcare. As a medical biller and coder, you will be responsible for ensuring that healthcare providers receive appropriate compensation for the care they provide while helping patients get the maximum benefit from their insurance.

  1. Work in a variety of settings, even from your home

The most common medical billing and coding job settings include hospitals, doctors' offices, and insurance agencies. Government agencies have also been known to employ medical billers and coders, including the National Center for Health Statistics and Medicaid offices. Some medical billing and coding professionals even work for companies that develop medical software, and others work for educational institutions that train other medical billers and coders. You may even have the option to work from your own home.

  1. Earn a great salary

The U.S. Bureau of Labor Statistics (BLS) reports that the median medical billing and coding salary in the United States is $44,090. However, you can earn more with medical billing and coding certification. A survey conducted by the American Academy of Professional Coders (AAPC) found that certified professionals earn an average of $55,923 per year. And according to this AAPC survey, earning additional certifications will only increase your salary potential. Medical billers and coders who achieve two professional certifications earn an average salary of $64,890, and those who earn three certifications have an average salary of $70,608.

  1. Experience predictable work hours

Most healthcare careers require you to be on call, working weekends, holidays, and all hours of the day, but this is not the case with medical billing and coding jobs. You will enjoy a predictable schedule, and an increasing number of medical billers and coders can even work remotely.

10 Reasons to Start a Medical Billing and Coding Career: Professional Development: Indiana University South Bend (2)

  1. Medical billers and coders are in high demand

Medical billing and coding jobs are on the rise and expected to grow at 8% through 2029. This is double the national average job growth according to the BLS. It estimates that an additional 29,000 new medical billing and coding jobs will be opened in the next eight years.

  1. Gain job stability, even in an economic downturn

Demand for qualified medical billers and coders is not expected to slow down in the future. In fact, jobs in this field are expected to continue to increase as the population in the United States ages. An aging population will mean more claims need to be submitted for reimbursem*nt from insurance companies as more medical care is provided.

  1. Start working in your new career in as little as one year

This is a healthcare career you can enter without spending years in school. You can complete a professional Medical Billing and Coding online course in just 12 months and begin working in your new career immediately after. Our online course will prepare you for success in medical billing and coding jobs with the knowledge and skills you need. You will also be prepared to earn a highly recognized medical billing and coding certification to validate your skills further and help you earn a higher salary.

  1. Provide a vital service as part of the healthcare team

As a medical biller and coder, you will assign the proper codes to patient diagnoses and then request payment from insurance companies. Without this profession, healthcare providers would not receive proper payment for the treatment they provide. Most of your time will involve being in front of a computer organizing statements, reviewing bills, assigning codes, and performing quality control. You will also need to be detail-oriented and willing to work with others to ensure accuracy in the work.

  1. There is room for advancement

You can take many paths if you want to advance your healthcare career, beginning with becoming a medical biller and coder. After gaining experience, you could move into a supervisory role as a billing or coding supervisor or a medical or health services manager. You could also work as a medical biller and coder and use your knowledge of medical terminology and the healthcare system to help as you return to school to earn a degree in data management, nursing, and even pre-med and beyond.

  1. Train entirely online

Did you know that you can complete all your training for a career in medical billing and coding online? Our online Medical Billing and Coding course is packed with 10 Reasons to Start a Medical Billing and Coding Career: Professional Development: Indiana University South Bend (3)hands-on experience. A scenario-based “Reality Check” feature begins each lesson providing a real-life look at situations you may encounter. Then, the Putting It Into Practice features in the Review section to provide you with “real life” billing and coding scenarios and follow-up questions to assess your knowledge of the content. Coding and claim form activities and assignments also offer hands-on experience and practice with the types of things you will encounter on the job.

Are you ready to start today? Enroll or learn more about our online Medical Billing and Coding course to kickstart your new career in the healthcare industry.

10 Reasons to Start a Medical Billing and Coding Career: Professional Development: Indiana University South Bend (2024)

FAQs

Why choose medical billing and coding as a career? ›

You will enjoy a predictable schedule, and an increasing number of medical billers and coders can even work remotely. Medical billing and coding jobs are on the rise and expected to grow at 8% through 2029. This is double the national average job growth according to the BLS.

What is an important reason for the employment growth seen in medical billing and coding? ›

Demand for qualified medical billers and coders is expected to continue. In fact, jobs in this field are expected to continue to increase as the population in the United States ages. An aging population will mean more claims must be submitted for reimbursem*nt from insurance companies as more medical care is provided.

What are the benefits of working in medical coding? ›

Five Benefits of a Career as a Medical Coder
  • Job Security and Stability. ...
  • Solid Earning Potential and Benefits. ...
  • Consistent and Flexible Work Schedules. ...
  • Provide Vital Services and Hone Valuable Skills. ...
  • Ability to Enter the Job Market Quickly.
Jul 20, 2023

How much does a medical billing and coding person make in Indiana? ›

How much does a Medical Billing And Coding Specialist make in Indiana? As of Aug 31, 2024, the average hourly pay for a Medical Billing And Coding Specialist in Indiana is $22.12 an hour.

Why am I interested in medical coding? ›

Medical Coding allows you to contribute meaningfully. Specialists are responsible for ensuring that all claims are coded and processed. Without this important work, healthcare providers are not reimbursed, and patients would be over-charged. Medical coders are an essential part of helping people access medical care.

What attracts you the most about becoming a medical biller coder? ›

Starting a career in medical billing and coding offers diverse workplace options, competitive salaries, industry growth, remote work flexibility and ample advancement potential.

Why is it important for billing and coding? ›

It ensures that care providers bill insurance companies accurately and patients are not left paying more than they should. Medical billing and coding also help in gathering important data regarding the patient's care - their treatments, procedures, and overall experience.

What is the most important thing in medical coding? ›

Attention to detail is one of the most critical skills required in medical coding and billing. Coders must be able to identify and interpret medical procedures and diagnoses accurately. Even a small mistake in coding can lead to significant errors in billing, which can result in lost revenue or even legal consequences.

Why the field of medical billing and coding is in high demand? ›

The Bureau of Labor Statistics projects that the number of jobs for medical billers and coders will increase by about 7% between 2021 and 2031. This increase is due to expanding health services in some markets and churn due to retirement. There can also be more demand in certain markets.

What is one advantage of a medical billing and coding certification? ›

Increased Earnings Potential

With this certification, you'll have a distinct advantage in salary negotiations, as it sets you apart from others in your field. You'll be able to demonstrate your knowledge and expertise in the medical billing and coding industry, making you a valuable asset to any employer.

What is coding and benefits? ›

Coding creates a set of instructions for computers to follow. These instructions determine what actions a computer can and cannot take. Coding allows programmers to build programs, such as websites and apps.

What is the job purpose of a medical coder? ›

A Medical Coder, or Certified Professional Coder, is responsible for reviewing a patient's medical records after a visit and translating the information into codes that insurers use to process claims from patients.

Is medical billing and coding profitable? ›

Their income potential also continues to grow as they earn more certifications. According to the 2022 Salary Survey by the American Academy of Professional Coders, certified medical records specialists average $56,290 every year. Those with two AAPC credentials earn an average of $66,198 annually.

What is the salary of a medical billing and coding person in the US? ›

The U.S. Bureau of Labor Statistics (BLS) reports a 2022 median annual salary of $47,180 for medical billers and coders. Specific medical billing and coding salaries vary by employer, location, experience, education and certification. Insurance carriers offer the highest average salary for these professionals.

What is one advantage of a medical billing or coding certification? ›

Increased Earnings Potential

With this certification, you'll have a distinct advantage in salary negotiations, as it sets you apart from others in your field. You'll be able to demonstrate your knowledge and expertise in the medical billing and coding industry, making you a valuable asset to any employer.

Why is medical billing and coding important? ›

Medical billing and coding serve as a bridge between healthcare providers and insurance companies as well as patients. It helps all parties involved understand the costs that have been incurred, the coverage that will be provided by insurance, and the amount that the patient is required to pay out of pocket.

What is your best skill that makes you a good fit for a medical biller or coder? ›

Attention to detail is one of the most critical skills required in medical coding and billing. Coders must be able to identify and interpret medical procedures and diagnoses accurately. Even a small mistake in coding can lead to significant errors in billing, which can result in lost revenue or even legal consequences.

Which of the following is a reason for why the field of medical billing and coding is in high demand? ›

Which of the following is a reason for why the field of medical billing and coding is in high demand? An aging population will use more healthcare services to manage a multitude of chronic diseases.

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