10 Reasons to Start a Medical Billing and Coding Career
A perfect fit (in terms of career) isn’t just about the solid earning potential; it's also about the job's security as well, and if you are a skilled biller or coder with medical billing and coding certification, this career is all you need to roar in the healthcare industry. This recession-proof career has been surging in the market for managing medical information cut-and-dried for billing, insurance claims, and patient records.
Your thoughts might be fluctuating in between. Is it a career worth switching to? If we look into the Bureau of Labor Statistics report (BLS), the answer would be yes. Having a simple entry-level education, with or without a certificate in medical billing and coding, allows you to work in the industry and earn up to the median average wage of $48,780.
Let’s see how this career can be a “good-choice-to-go” or “not-a-pick-for-you” in detail.
What Does a Medical Billing and Coder Career Entail?
Although billers and coders are often considered the same job, they play distinct roles in the healthcare system.
Here is how they work.
Medical Coders
Medical coders record each patient’s visit and healthcare treatment into standardized codes. Hospitals, healthcare providers, and insurance companies use these codes to document patient visits and process claims. The main role of medical coders is to ensure they decipher the right codes since the whole process of insurance claims relies on this data.
Medical Billers
Medical Billers’s main job description is to take these recorded codes and submit the insurance claims to the respective insurance companies. They make sure that the medical office is adequately compensated, the patient is billed correctly, and payments are made on time.
Reasons To Have A Medical Biller And Coder Career
Numerous reasons can be applied if you are looking for a job with stability and flexibility. With medical coding and billing certification, you can achieve your career goals in no time while serving mankind for the better good. In short, being a medical coding or billing expert can open numerous growth opportunities for you instantly.
Here are why a medical biller or coder job can transform your life.
A Recession-Free Profession
Medical billers and coders are the only jobs that do not see any recession. Even during a pandemic, the demand for coding and billing experts increased to a great extent. According to an Occupational Outlook Handbook, the demand for medical records billers and coders is expected to grow 9% from 2023 to 2033, much faster than the average for all occupations.
Skilled and trained professionals are still irreplaceable, no matter how much technology has taken over the medical profession. You can conveniently obtain a medical coding and billing certification from a reputed source and enter the world of high-demand occupations
A Keystone for Transcribing Data
Although most billers and coders do not have direct contact with patients, they are still a keystone in the relationship between medical providers and patients. Billers and coders also have an essential responsibility in medical research. They accurately transcribe a patient's visit record and pass this information to insurers to ensure the healthcare providers get paid. This data is also helpful in medical research and can help enhance patient healthcare over the long term.
Medical billers and coders can be perfect careers for people who enjoy working with information and have strong analytical and communication skills.
Feasibility of Work-life Balance
According to a report by Neat, 78% of remote employees say they are highly engaged compared to 72% working on-site, which showcases the effect of remote and stressful work life. The professions that can give you this high liability of remote or Flexible work are medical coder and biller jobs. As they can
Getting convenient working hours remains
Easily create their own schedules.
Another good thing is that you can do it in the comfort of your home. Although the idea of this job getting remote became popular during the pandemic. But, in most offices, it was already done remotely. You just need an actively working computer and a stable internet connection, and you can do this job anywhere in the world.
Easy Job-Landing with Multiple Training Options
A lack of experience does not mean you cannot land a job because many resoruces offline and online sources exist for enrolling in and obtaining medical billing certification. Instead of waiting for days and months or manipulating your hardwork by working on low wages you can get the certification and land a job as a “medical coder” and “medical biller”. Many institutions offer flexible schedules, allowing you to learn at your own pace while balancing other professional or personal commitments.
You can easily excel in this skill and make a fortune with a little training program. Within 6 to 12 months, you can complete your training and enter into the world of a rewarding profession.
Entrance in Healthcare within 12 months
A prestigious college does not guarantee a job based on your requirements, but a certification earned with focus and skill can definitely give you your dream job. By getting medical billing certification online, you can fulfill your dream of becoming a healthcare provider in the most meaningful way. And the best part? You can complete your course and training within 12 months.
Medical coders can specialize in inpatient coding, outpatient coding, or auditing. Advanced certifications open doors to higher-paying roles and leadership positions. With experience, coders can transition into roles like coding manager or compliance officer. In short, you can reach your career goals in your desired profession with a single certification.
Diverse Workplace Opportunities
Another perk of being a medical coder or biller is the diversity of job options. If you've wondered what jobs you can get after earning your billing and coding certification, realize there are many employment paths for medical coders and billers. According to the stats issued by the Bureau of Labor Statistics, some locations are in hospitals, private clinics, nursing homes, insurance companies, government agencies, or medical labs. This sort of variety helps you choose the workplace that suits your personality and convenience the most.
High-Surge Salary Potential
Medical billing and coding experts make more than many entry-level healthcare professionals, and their earning potential keeps growing! According to the stats given by the American Academy of Professional Coders (AAPC), certified professionals earn an average of $55,923 per year. But here’s the best part: more certifications mean higher pay. Those with two certifications earn around $64,890, while professionals with three certifications make an impressive $70,608 annually.
This high-paying career isn’t slowing down, and demand for skilled billers and coders is only rising. If you are looking for a stable job with great income potential, this field offers financial security and career growth.
A ‘Coder’ with a Unique Specialization
Yes, you will be a coder, but instead of writing software, you will translate medical diagnoses, treatments, and procedures into standardized codes. These codes are the backbone of the healthcare industry, ensuring that hospitals, clinics, and insurance companies can process claims accurately and efficiently.
Unlike traditional coding, medical coding is all about precision, and you will decode patient records, assign the correct ICD-10, CPT, and HCPCS codes, and help streamline billing and insurance claims. This is a specialized skill that not only keeps healthcare systems running smoothly but also opens doors to high-paying roles, career advancement, and job stability.
Job Stability
The demand for trained medical coders and billers is rising and will not slow down anytime soon. As the U.S. population ages, healthcare services are increasing, leading to more insurance claims that need processing. This means steady job opportunities for professionals who can ensure accurate medical records and smooth billing processes.
Join Us To Start A Career with Growth and Flexibility
A perfect job does exist, and it is possible with medical billing and coding certification. By doing this, you can gain a high-paying job with many growth and stability opportunities. Medical biller and coder is the best working opportunity for parents, students, and freelancers, giving them freedom of flexible timing and diversity. However, choosing the right source to get this certification also matters.
To kickstart your medical coding and billing career, you can always rely on Medical Billing and Coding institute (AMBCI) and become a medical code, biller, or specialist within 4-weeks. In fact, it's the finest feasibility for anyone who wants to grab this high-paying job. With our physician-designed certifications and self-paced training, you can qualify for MDAE ( medical administration assistant examination) without any problems. Enrol and start your journey today!