Whether you’re looking for a new career path or are choosing your first, the world of medical billing and coding has a lot to offer. Not only are there several opportunities for employment, but this skill continues to be in demand in the always-thriving healthcare industry, making it virtually recession-proof.
Those who possess organizational skills, an analytical personality, and attention to detail are well-suited for a career in this exciting field. Patient tracking, working with numbers, and being able to spot minute variations are all aspects of this career.
High Patient Numbers
Organization is key with the medical billing profession, as you may have to keep track of the claims for hundreds or thousands of patients, depending on the size of the company you’re working with. This career will require you to make sure that all patient claims are paid within their individual timeframes.
Despite the many technological tools available to help you keep track of patient information, organization will play a key role in how easy your job is from day to day.
Confirming Codes and Billing
Having strong analytical ability will be a definite advantage each day you work in medical billing and coding. The role requires you to ensure that you’ve assigned the correct diagnoses and corresponding procedures for each patient. You will also be required to ensure that all claims are paid on time and were correctly billed.
Medical billing and coding classes in NYC will teach you how to analyze a medical record so that the correct diagnosis and procedure code can be entered. You will also learn how to ensure that every diagnosis has a matching procedure code, which validates the medical necessity of each procedure.
Small Details, Big Difference
One of the most vital aspects of becoming a medical billing and coding specialist is the ability to notice minute details. Medical coding will require you to be able to understand the difference between procedures. For example, a tracheotomy is a very different procedure than a tracheostomy and, so, will require a different code.
Attention to detail will also be a factor in the coding you do. In this instance, it will be the ability to notice whether the correct payment procedure was followed for each claim. Or, if the claim was denied, you’ll need to rely on your attention to detail to research all involved codes as well as the explanations of benefits to figure out the reason for claim denial.
The Benefits of a Medical Billing and Coding Career
If you’re seeking a position where you are always learning, and have a predictable schedule and the flexibility to go it on your own, all while playing an important role in health care, this could be the career for you.
Constantly-Changing Standards and Best Practices
Long-term job satisfaction is the result of being able to keep learning and adapting to change without becoming overwhelmed by it. Information taught by medical billing schools in NYC includes the fact that Medicare, Medicaid, and insurance billing are always changing their best practices and standards. However, these changes occur on a regular and routine basis, which means that you will always be alert, but not overloaded.
It is true that many who work in the healthcare industry have unpredictable schedules. However, this is not the case with medical billing and coding, as many positions will see you working in a clinic or hospital, or as a contractor who provides a service to these types of facilities. A 40-hour work week is common for someone in this field, which is ideal for those requiring a regular routine.
The Possibility of Self-Employment
This career path also offers the option to set your own hours, as an increasing number of medical billing and coding professionals are doing. Today, more medical billing than ever is able to be done remotely, allowing you to work with one or several companies around the world.
An Important Stepping Stone
Medical billing and coding can also be a great entry on your resume if you’re planning on pursuing other healthcare career opportunities. Although it is an entry-level position, billing and coding can open many doors, allowing you to learn how all aspects of healthcare businesses work.
The good news is, even if you don’t possess the character traits needed for this career, you can learn them on the job. That being said, if you are interested in the healthcare industry and are prepared to attend coding courses in NYC and get certified, medical billing and coding could very well be the career you’ve been looking for.