The medical billing and coding specialist is the person responsible for recording and processing medical data pertaining to patients, insurance information, payments and bills. His or her job is to actually code the diagnosis and payment requests from the individual or from the insurance company.
In most cases a person with an online Medical Billing and Coding degree will work in a hospital or a doctor’s office etc. A medical billing and coding specialist need to have a keen eye for detail and be knowledgeable about various medical terms.
In most cases in order get a degree in Medical Billing and Coding, a person will need at the very least a high school diploma. However, many hospitals and medical facilities try to seek professionals that have a bachelor’s degree, with some experience or degree in accounting.
Program Courses: Overview
In order to earn an online Medical Billing and Coding degrees, people will have to attend the following courses:
- Medical Billing
- Medical Billing Technology
- Medical Terminology for Billing
The amount of theory taught to students is at a minimum and is really part of what they will use when they start working as medical billing and coding specialists. Here is a list of the general skills they will develop:
- Using computer software for coding and billing
- Various terms used and what they mean
- Basic knowledge of accounting
Benefits of Earning a Medical Billing and Coding degree
There is no shortage of jobs for medical billing and coding specialists. Even people with online colleges in Medical Billing and Coding degrees tend to find good jobs in large hospitals and clinics around the country. However, because computers have changed quite a bit over the past few years, the technology behind medical billing and coding has also been revised to keep up with the trend. There is also a high demand for medical billing and coding specialists that can transfer data present on paper to computer files in order to establish a much better and efficient system.
Popular Career Paths
Advancement in the career of a medical billing and coding specialist are possible based on how much more they study. Earning a master’s or a bachelor’s degree or even an advanced specialty certification can make quite a bit of difference in how much they earn.
Some of the most popular career paths for people who have earned online degrees in Medical Billing and Coding are:
- Health information manager
- Department heads
Field Outlook & Salary Information
According to the Bureau of Labor Statistics, the demand for medical billing and coding technicians are said to rise by 20% over the next ten years. This will partly be fueled by the number of medical tests, procedures and treatments that will be performed in the coming years. The median yearly wage for medical billing and coding technicians was $30,610 in 2008.
Continuing Your Education
A bachelor’s degree or a master’s degree in business, accounts or management can have a huge effect on your career as a medical billing and coding technician. However, since medical billing and coding is more of a technical certification than an academic degree, there is no direct educational advancement except for branching off by taking additional degree courses.