There is a growing number of new health regulations and rules. This requires healthcare facilities and insurance companies to increase the amount of detailed records of patient treatments and prescriptions. The demand for Idaho medical billing and coding training is higher than the current supply of medical coders.
Who Needs Medical Billing And Coding Professionals?
Medical billing and coding professionals are needed in hospitals, clinics, doctor offices and insurance companies of all sizes. Medical coders apply alphanumeric codes to particular medical treatments, illnesses and injuries. This information is needed by insurance companies, federal and international agencies, doctors’ offices, clinics and hospitals for tracking disease and reimbursement of medical personnel.
The Range Of Salaries
Several factors affect how much you can make as a medical coder. The kind of organization that you work for can make a difference in pay. A private medical practice and a large hospital have different salaries. Accredited education and former work experience can greatly affect how much you can earn as well.
It’s difficult to pin-point an exact amount of salary because there are outside economic influences and individual choices that affect compensation. However recent data gathered by the US Government reported a salary range of $21,000 to $43,690 per year for a certified medical billing and coding specialist. (Figures courtesy of the U.S. Department of Labor’s Occupational Employment & Wages database.)
Medical Billing And Coding Training
Certificate training programs can take 9 to 12 months to finish. These are offered online and at community colleges and career colleges. A 2 year associate degree offers additional educational curriculum and medical billing and coding instruction. You can also get a 4 year bachelor degree in health information management and health care administration. A bachelor degree can provide opportunities to advance to management positions.
Coding instruction typically includes:
- Computer skills
- Diagnostic coding
- Hospital revenue codes
- Insurance Claim Procedure
- Interpersonal communication
- Medical Administration
- Medical Technology
You can apply for financial assistance through several of these programs:
- Perkins Loans
- Federal Pell Grants
- Federal Work Study (FWS)
- Direct Loan (DL) program through Stafford loans
- Federal Family Education Loan (FFEL) through Stafford loans
- Consolidation loans (FFEL or DL)
- PLUS Loans for parents (through DL or FFEL)
- Federal Supplemental Educational Opportunity Grants (FSEOG)
Interested in exploring correspondence or online medical billing school options?
Idaho Medical Billing and Coding Schools Enrolling Now