learn Medical Codes and Scholarship Billing Procedures

learn Medical Codes and Scholarship Billing Procedures

The UMA Health Blog covers information that connects healthcare, education, and employment. Our contributors are knowledgeable about a variety of topics, including professional development, career advancement, topics specific to the healthcare industry, and education.

Healthcare is one of the fastest growing industries for job seekers. Even if you don’t have an interest in patient care, you can still pursue a career in the booming healthcare industry with medical billing and coding careers.

As the public health sector grows, careers in health support professions are expected to increase.

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According to the US Bureau of Labor Statistics (BLS), employment of medical secretaries, including medical billing and coding specialists, is expected to grow by 8% from 2021 to 2031.

This guide will help answer your questions about how to start a career in medical billing and coding. Find out what the job entails, how to find the right education and training, pursuing a career in the field, and other information you need to begin your medical billing and coding career search.

Medical billers and coders use technology to help healthcare professionals update medical records and receive payment for services rendered. Individuals working in this field assign standard codes to each medical diagnosis and procedure and enter those codes into the patient’s health record. This information is also sent to insurance companies so they can properly handle medical claims.

Medical billing and coding specialists work in all types of healthcare facilities, from medical offices and hospitals to rehabilitation centers and health departments.

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This job is usually done in an office setting. Many medical billing and coding specialists work full-time, although part-time positions may be available depending on the company.

Dress codes for medical billing and coding professionals vary by company and organization. You may be required to wear the same type of scrubs as the medical staff, or you may be asked to wear traditional office attire.

According to the BLS, medical secretaries of all experience levels earned a median annual salary of $37,450 in May 2021, meaning half the workforce earned more than this amount and the other half earned less depending on a number of factors such as where you live, what type of office you work in and how much work experience you have.

For example, BLS data shows that the highest median salary in May 2021 for medical secretaries working in professional, scientific, and technical services was $47,150. Medical billing and coding specialists working in state government also had the highest median salary at $46,950 in May 2021. The top 10% in the field earned more than $63,100 in May 2021. The bottom 10% in the field (or the lowest tenth decile) earned $29,040. Recent graduates of UMA’s 2020-2021 medical billing and coding certificate and associate degree programs reported to UMA that they earned median hourly wages in the BLS’s lowest tenth decile or less in its medical billing and coding programs.

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Earning an industry certification, such as the AAPC’s Certified Professional Code (CPC®), can result in higher earnings when combined with additional work experience.

Like most jobs in the healthcare industry, medical billing and coding careers are growing. As previously mentioned, the BLS projects an 8% increase in medical secretary jobs by 2031, including medical billing and coding specialists. This is faster than the average for all industries, and will create an estimated 53,600 new jobs in the country in the coming year.

If future employment is important to your career search, medical billing and coding may be a good choice based on your current job prospects. As the population ages, people will need more medical care. This increase in services means increased medical record updates and additional insurance claims to process.

If you work in medical billing and coding, more healthcare claims may increase the demand for your skills. Someone must organize and properly code all the data necessary to process any medical claim.

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Additionally, as more healthcare providers use electronic systems to run their practices, they will need individuals who are qualified and knowledgeable about using this technology. Faster-than-average job growth for this occupation bodes well for your long-term job prospects, especially if you are a certified medical billing and coding specialist.

Medical billing and coding students take classes on a variety of topics to help manage medical records, use codes, send invoices, and assist with other healthcare business practices.

Coursework for the medical billing and coding program covers technical knowledge, clinical informatics, and business issues. Students will learn essential medical terminology, the medical claims cycle, and medical coding.

This combination of topics provides students with a foundation of knowledge to pursue careers in the field of medical billing and coding. General courses in the Medical Billing and Coding program include:

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Medical billing and coding specialists are essential to all areas of healthcare. They organize health-related data and ensure it is accessible to everyone in the healthcare facility. This role typically involves working with electronic data, although some offices also manage paper files. Because much of the work is done electronically, medical billing and coding professionals must be comfortable using computers.

Another important part of this job is ensuring all medical and billing information is accurate. Accurate data is essential to ensuring patients receive adequate care and insurance companies receive the information they need to process claims and reimbursement.

Medical billers and coders must ensure that the patient data they handle is always secure. Patient confidentiality is required by law, so medical billing and coding professionals must maintain security measures to ensure that all data they handle is safe.

One of the primary requirements for medical billing and coding jobs is knowledge of classification systems. These professionals use universal codes to categorize all patient information.

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This data is used by healthcare providers to obtain reimbursement from insurance companies for their medical procedures. Codes are also used to standardize treatment data for patient medical histories and physician notes. This is especially helpful when multiple team members and/or specialists are involved in diagnosing a condition and treating a patient.

Now that we’ve covered what medical billers and coders do, let’s dive deeper into the day-to-day responsibilities of these roles. Some job duties vary depending on the needs of the company, but here are some common responsibilities for those working in the medical billing and coding field:

There are many things to consider when choosing a career path. If you are considering a career in medical billing and coding, do your research and ask relevant questions.

You probably want to know how much the job pays, what the job entails, and how the industry is expected to grow in the future. But beyond job prospects and work environment, there are other considerations that can affect your job satisfaction in the medical billing and coding industry.

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Ask yourself the following questions to determine if medical billing and coding is right for you:

If you answered “yes” to any of the above questions, you may be well-suited for a career in medical billing and coding.

A career in medical billing and coding can have many different job titles. They may vary depending on the job responsibilities of a particular role.

Some positions may have the same general job duties but have different titles depending on the company or location. Executive-level careers in this field may require additional education and/or work experience.

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One of the most effective ways to pursue a career as a medical biller and coder is through formal training. While this field can be entered with work experience, many medical billing and coding positions require applicants to have specific education and/or certification. Specific job requirements may vary by company.

If you plan to continue your education in this field, the quickest way is through a certificate program that can be completed in less than a year. Alternatively, students can pursue a degree, which can qualify graduates for positions with a wider range of job demands. An associate’s degree typically includes general education classes along with additional degree requirement courses, allied health courses, billing and coding, and typically takes two years to complete, although some associate’s degree programs can be completed in 18 months. Some employers may expect applicants to have qualifications.

Consider your career plans to determine which educational option is best for you. Since different companies may have different requirements for working in this field, check what the requirements are for the particular company you want to work for.

If you decide to continue your education to better position yourself for promotion, the credits you earn in an associate’s degree can be transferred to a bachelor’s degree program—especially

United Career Institute

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