You might be asking yourself, “what is Medical Billing and Coding, anyway?” It’s a fast-growing career in the medical field, but the terminology can be a little confusing at first. When you visit a doctor, she or he needs to make notes about the treatment or examination you receive. These notes allow your insurance company to know the details it needs to process your medical bill.
The problem is, there are so many types of treatments and examinations that common language would make for a bill that’s messy and difficult to read. That’s where Medical Billing and Coding Specialists come in: they translate notes from doctors into a specialized language for medical and insurance industries so the billing process is as easy as possible for everyone. It’s an important task in today’s healthcare industry, and It turns out, there are plenty of reasons why it’s a great career to get into!
No Medical School Required
Many believe that to become a medical professional, you need several years of rigorous and expensive training. Medical Billing and Coding is different; training takes a little more than a year at an accredited career-training school—meaning you can enter the healthcare workforce fast.
The median wage for Medical Billing and Coding Specialists in 2016 was $38,040 according to the Bureau of Labor Statistics. What does that mean for you? After completing a career-training program, you could potentially double what you may have previously earned at a restaurant or movie theater job.
You’re Helping People Everyday
Though you won’t be treating patients, you will be saving lives by making sure data is up to date and accurate. Medical billing and coding is an important part of the field, because errors can lead to unhappy patients or even the wrong medical treatment.
Through 2024, Medical Billing and Coding Specialists’ jobs are expected to grow 15 percent, which is much faster than average. Software can do some of the leg work when it comes to medical coding, but there’s no substitute for a human who can check for errors and organize information in a way that’s easy for other people to understand.
Potential to Move up
Working in Medical Billing and Coding will put you right in the middle of the medical administration field. With the increased demand for doctors, nurses and other healthcare professionals, there will also be a need for more administrative professionals in the field. Over time, you could expand your expertise and develop the skills to become a healthcare administrator.
With career training through IBMC College, you can gain the confidence and hands-on knowledge needed to thrive as a medical billing and coding professional. Visit ibmc.edu or call 1-800-NEW-CAREER for more information, and to start your training at IBMC College in Longmont, Greeley or Fort Collins and get into a career that offers stability for years to come!