Why are medical billing and coding careers important?

Find out if this healthcare career is right for you

Do you consider yourself detail-oriented, notably in spotting errors and mistakes others might overlook? Are you comfortable using technology, including computerized databases and software? Are you interested in a healthcare career where you can utilize these skills, especially one that is quickly growing? You may want to consider a career in medical billing and coding.

Medical Billing and Coding Careers Are in High Demand

As our country’s population continues to age, seniors will require more medical services. With that in mind, there will be an increased need for skilled allied health professionals to organize and manage health information data, as more health claims will be processed for insurance companies.

With health information and record keeping technologies continuing to evolve, it’s imperative to have skilled medical billing and coding specialists who can stay up to date and ensure claims are processed correctly and in a timely manner.

The US Bureau of Labor Statistics forecasts a 13 percent increase in medical billing and coding careers by 2026. Some career examples include: medical billing specialists, medical coding specialists, patient account representatives, insurance reimbursements specialists, and billing coordinators.

Qualities of a Successful Medical Billing and Coding Specialist

Being meticulous is critical when considering medical billing and coding careers. You will need to understand and analyze patient health records in order to be aware of coding errors on an insurance form, or if a patient’s specific coding doesn’t match up with his/her diagnosis. This keen attention to detail is also important to ensure healthcare providers are paid in full and on time for the services provided.

Medical billing and coding careers also come with a high level of responsibility. These positions legally require you to keep patients’ medical histories and records confidential at all times. You will need to be honest, ethical and fair.

Strong communications skills are vital. Medical billing and coding specialists must be able to communicate in a professional and friendly matter with physicians, nurses, and other medical staff to confirm a patient’s diagnosis, ask questions about a bill or a specific procedure, or clarify other information concerning a patient.

Being tech savvy and possessing a willingness to expand your skill set and keep up with changes in current medical and healthcare regulations is another critical quality to have. With nearly all healthcare facilities using Electronic Health Records software to store patient records, including billing and insurance claims, Professional Skills Institute can provide students with the training and knowledge necessary to use this technology efficiently and adapt to any software changes.

Benefits of Medical Billing and Coding Careers

You might consider a career in medical billing and coding if you prefer a more administrative role in the healthcare field and like to work independently. Typical job settings for medical billing and coding careers include hospitals, medical clinics, outpatient centers, and third-party billing companies.

Professional Skills Institute prepares you for a career as a medical billing and coding specialist even before you graduate. You’ll receive the classroom experience, training, and tools you’d find on your first day of work. Through externship opportunities, PSI students receive hands-on training at medical facilities in order to further prepare them with the skills needed to succeed.

If a career as a medical billing and coding specialist sounds like it could be a good fit for you, our team of Career Services Specialists are eager to help you! Visit ProSkills.edu to schedule your visit.

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