The medical field is inarguably one of the fastest growing career opportunities today. There is a shortage of nurses, medical assistants and doctors that continues to grow every day. Even if you don’t think you can handle direct patient care, there is an option. Medical Billing and Coding Specialists are needed as well. In fact the U.S. Bureau of Labor Statistics states that 18% of these positions remain unfilled due to a lack of qualified candidates.
What Does A Medical Billing And Coding Specialist Do?
These specialists are responsible for ensuring that a patient’s medical record is kept current and accurate through the use of ICD codes. This helps the doctor and other health practitioners in making timely, accurate diagnoses of the patient.
As the name implies, Medical Billing And Coding Specialists are also responsible for using the CPT codes to finalize a bill after treatment and submit it to health insurance providers for payment.
What Kind Of Training Is Needed To Become A Medical Billing And Coding Specialist?
It varies, actually. With as little as nine months to one year, you can receive a certificate or diploma to begin working. There are also associate and bachelor’s degrees available to increase your knowledge and of course, your earning potential. The bachelor degree will help to train you for a management role in this growing field; either for a private practitioner or a hospital.
What Does It Pay?
In Dallas, the average salary for a medical billing and coding specialist is $32,000 per year. (Figures courtesy of the U.S. Department of Labor’s Occupational Employment & Wages database.) Add to that benefits such as health insurance, vacation and sick days; it adds up to a decent living in the medical field, without ever having to draw blood.
What About Financial Aid?
There are multiple routes to help you get started. The PELL grant, if you qualify, is a Federal grant that doesn’t need to be repaid. There are also other Federal loans as well as financial aid and merit scholarships available through the schools.
Interested in exploring correspondence or online medical billing school options?