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davidtrump

Medical Billing Guide

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The need for medical records and health technicians, such as medical billing and coding jobs, is expected to grow 15% from 2014 to 2024, according to the Bureau of Labor Statistics, making it a viable home business option. Medical records specialist earn a median pay of $35,900 per year, which isn't bad for a profession that requires little education or training.

Medical billing and coding lends itself well to working at home, and many in the medical billing profession have been able to do just that, either by setting up a home business and working for themselves with independent physicians as their clients, or by working from home in medical billing jobs with larger healthcare firms that make and track medical billing work assignments electronically. Medical billing and coding professionals may also be hired by insurance companies, pharmacies, and related companies and even the government for their expertise.

Pros of Medical Billing and Coding

Can be done from home as a business or a telecommuting job.
Healthcare is a trillion-dollar industry that is always in need.
Help with billing and coding continues to grow as health facilities and workers move toward electronic billing and filing.
Doctors are happy to outsource medical billing to free them up to do what they do best, provide services.

Cons of Medical Billing and Coding

It can be difficult to break into the industry as most medical and health facilities have a source for their medical billing and record keeping.
Most sources of work will want you to be certified as a medical biller and/or coder.
There is medical billing job and certification scams you need to watch out for.

Required Skills for Medical Billing and Coding

Currently, there are no set educational standards for the medical billing profession. Many employers who offer work at home medical billing jobs look for some level of formal medical billing and coding training through an accredited vocational or career training school, along with actual experience in a medical billing office. Formal accredited programs may take from as little as nine months to as long as two years or more and may also offer assistance with career placement.

Educational Requirements for Medical Billing and Coding Professionals

Medical billing requires a fairly strong knowledge of medical terminology, anatomy, knowledge of how to properly complete various forms, and industry coding for medical procedures. If you don't have that type of experience, you can take a course and get certified as a medical biller and coder. You just need to be sure you choose a reputable program.

Medical billing expert, Paul G. Hackett says that "Almost 80% of people end up choosing the wrong types of online medical billing courses." He also advises that there are only seven medical billing training subjects you should look for before enrolling in any medical billing training program. He calls these his medical billing "essentials" that every medical billing training program should have.

In addition to knowing what to look for when you're researching medical billing and coding training programs, you also need to know what to avoid. Medical billing training expert, Paul G. Hackett believes that by learning what you need to avoid before signing up for a medical billing program is easier to remember that knowing what to look for when you are shopping for an online medical billing study program.

Unfortunately, because of the growing popularity of medical billing home businesses and because it logically makes sense that a medical billing career might be one with strong opportunities to work from home, the industry is loaded with scams like "You Can Earn $50,000+ Processing Medical Claims From Home. No experience necessary!"

Scams also abound to try to get you to purchase training, software, marketing materials, and lists of doctors. Additionally, some medical billing software scams try to sweeten their offers with discounted clearinghouse services if you buy medical billing software from them. Any of these scams can cause you to part with your hard earned money and waste your time getting established in the medical billing and coding profession.

Other needed skills include a strong level of computer skills and a typing speed of at least 35 words-per-minute, as well as good customer service skills to deal with patients who may be under stress, physician and hospital billing staff, and other medical personnel.

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