Why you should make the transition?
Medical Coding Technician: Technicians who specialize in coding are called health information coders, medical record coders, coder/abstractors, or coding specialists. They consult classification manuals and rely on their knowledge of disease processes. Technicians then use a software program to assign the patient to one of several hundred “diagnosis-related groups,” or DRG’s. The DRG determines the amount the hospital (or health provider) will be reimbursed by Medicare or by the patient’s medical insurance.
Medical Billers: Medical billers facilitate the claim paying process. They prepare and process medical bills for health care providers, hospitals, outpatient emergency and surgical facilities and insurance firms. Like medical coders, medical billing technicians also need a through knowledge of medical terminology, anatomy and medical coding. Medical billing specialists are trained in the latest Medicare and HIPAA regulations, insurance compliance and other medical law.
Medical Claim Auditors: Insurance companies employ qualified individuals to review claims submitted for payment form physicians, clinics, specialists and hospitals. Hundreds of thousands of claims are denied or underpaid each year by insurance companies due to incorrectly coded claims. Miscoding can lead to lost revenue, slowed receivables and target a practice for an audit! Healthcare administrators are seeking uniquely qualified individuals to code correctly to maximize the reimbursement due form insurance companies and reduce the potential for audits.
Home-Based Business: As a medical coder, biller or auditor, opportunities exist for trained medical billers and medical coders to work from home and be your own boss. This is because many smaller health care providers are out-sourcing billing to qualified medical reimbursement specialists.
Other career options include
Starting your own consulting business (HOT right now)
Performing out-patient coding
Become an ER-ICU Live Coder
Manage the billing Department of a larger healthcare facility
And so much more… the possibilities are endless and up to you!