Are Medical Billers and Coding in High Demand for 2017-18?
The healthcare industry is finding it hard to fill all medical billing and coding jobs. The healthcare reform, an aging population, and leading technologies are creating more work.
The medical coding job outlook is looking sunny. The switch from ICD-9 to ICD-10 is behind the increased demand for medical coders and billers.
ICD-9 is the current system used to code diseases, diagnoses, and procedures. The present system is 36 years old and is in dire need of an update (cue ICD-10). The jump from the old system to the new system is huge. In the old system, there are 17,000 different codes used.
In the new system, there are a staggering 140,000 codes available. Upping the number of codes ensures more appropriate and accurate coding of medical details. But, it will mean that productivity will dramatically decrease as everyone learns the new system.
It is anticipated that many coders will retire from their jobs, rather than train on a new system. This means there will be lots of job opportunities in this area of the market.
Along with the reduced productivity anticipated and the new skills required to do the job, this is the perfect time to start a career in this field.
To get a job as a medical coder, you require a post-secondary certificate and a professional certificate. To become a certified medical coder, you need to complete coursework in anatomy, pharmacology, and physiology.
Understanding these fields enables you to code more accurately as you will be able to recognize procedures and diseases. These courses are offered online and can be completed in under a year. They cost between $1,000 and $2,000, meaning they are relatively affordable.
The salary is around $39,000 for a medical coder or medical biller. You can make up your wage by working toward becoming a supervisor, manager or auditor in the field. The hourly rate varies from company to company. It is also dependent on your geographical area, but the average is around $16 per hour.
This job role can also be done remotely and is a great option for those looking to work from home. Entry level remote medical coding jobs offer you the ability to work more flexible hours.
Rather than being a full-time employee, you have options to work as an independent contractor. This further increases flexibility, by allowing you to work as many or as few hours as you would like.
At home, medical billing and coding jobs are becoming more and more numerous on job sites. It has never been easier to work from home in the healthcare field.
There are so many benefits to working from home. Being able to spend more time with your family, reduced care costs for little ones and increased flexibility are some of the main benefits. Also, you will be opening yourself up to increased job opportunities as you won’t be limited to applying for roles in your area.