So, maybe you’ve been considering a career in the medical field but you don’t have the time and money to devote to medical school to become a doctor, or don’t think you could handle the duties of a nurse. Don’t despair. The medical field has numerous exciting professional opportunities. One such opportunity is in the role of a Medical Insurance Billing and Coding expert.
As MIBC is a dynamic field that involves both communications with patients and health care providers as well as information analysis, Medical Billing and Coding training programs are well-rounded to help students develop communication, math and analytical skills while learning the technical terms necessary for their chosen profession. Many training programs, like the one offered by Vista College, can be completed in less than two years and are designed to help students prepare for a rewarding career.
What Do MIBC Professionals Do?
According to the Bureau of Labor Statistics, Medical Insurance Billing and Coding experts work in a variety of office environments. MIBC’s are needed everywhere from insurance companies and government agencies to hospitals, clinics, and private doctor’s offices. Professionals in the field can work in a customer service role, as front office staff, or doing form processing and data entry out of the public eye. Due to the variety of tasks involved in medical coding, the profession involves mathematics, computer science, medical technology, and communications.
Students seeking to pursue careers in medical billing and coding have a few options as to how to go about obtaining the necessary education required for the field. The BLS notes that an MIBC professional needs to at least have certification in medical coding but an Associate’s degree is even more desirable. Training can be procured either through an online program or through more comprehensive on-campus training.
Training for Medical Insurance Billing and Coding careers varies depending on the specific program. Some programs focus solely on instructing students in the technical terminology and computing software needed to perform the job. Other programs also include courses such as English Composition, Mathematics, Physiology, Anatomy, and Pharmacology – a more thorough and diverse program aids graduates in being better qualified for a large variety of positions, increasing the likelihood of employment and career advancement. On-campus programs often involve laboratory work as well as standard classroom courses. Laboratory courses familiarize students with medical processes and equipment as well as giving them a sound foundation in science. Coding professionals who know the ins and outs of procedures, equipment, and diagnostics are better equipped to provide customer service and understand the information that they have to document and analyze. Simplified certification programs can be completed in as little as eight months, but the more thorough, on-campus Associate’s degree programs can take up to two years to complete. That said, a higher degree typically demands higher pay rates and can prove be worth the extra investment of time and money in the long-run.
The Bureau of Labor Statistics explains that the outlook for jobs in the field of Medical Insurance Billing and Coding is especially promising. The United States currently has a high ratio of aging citizens and has seen a steady increase in the number of insurance claims over the past decade. These factors contribute to an ever increasing need for well trained coding professionals. The rate of pay for MIBC positions is typically higher than that of general office workers as the profession requires a higher level of specialized training. As of the 2012 Census, the average rate of pay for a medical coder was approximately $34,000 per year, or $16 per hour. The rate of job growth in the medical coding profession is expected to be 22 percent over the next ten years, which is much higher than most other professions, according to the Bureau.
If you are looking for a rewarding, well-paying careering he medical industry that does not require several years of formal education, a career in Medical Insurance Billing and Coding is a good option. With a variety of program options, students can be fully trained and ready to work in eight months to two years, depending on whether seeking certification or a full Associate’s degree. The career is a dynamic one that requires knowledge and skills both in communication and medical technology and terminology. Therefore, coursework includes numerous coding classes, medical sciences courses, and instruction to improve communication skills. Training programs are offered by numerous institutions across the nation; each one offering their own set of courses, so prospective students should thoroughly research the differences between programs before submitting an application.
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