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The healthcare field has some high-demand job openings,, and maybe you’ve thought about getting in on the boom but hesitated because the cost of education can be so expensive. Maybe you’ve read stories about students who graduated from college with a mountain of student loan debt to pay off.
It doesn’t have to be that way. You can get started on a career in medical billing and coding for less than the cost of a rent or house payment. Your tuition even includes the cost of a certification exam! Here are three good reasons why you should launch a career path in medical billing and coding today.
Medical billing and coding professionals perform one of the most vital functions in a healthcare system: they review, correct, and submit billing codes to insurance companies. Every patient visit or procedure is associated with a numeric code. For example, the code for a routine physical with an established patient might start with 99397 and have various modifiers at the end to signify if the exam included additional services like a Pap smear. This code must be submitted on a bill to the insurer for reimbursement.
But sometimes, doctors accidentally mis-code a procedure, which can cause it to be rejected by the insurer. The rejection delays reimbursements and can negatively affect cash flow.
The medical billing and coding professional provides deep expertise to the private practice, clinic, or hospital about the specific reimbursement requirements of the federal government and private insurers. Billers and coders review medical bills prior to submission to the insurer – or after they’ve been rejected – to ensure the accuracy of the coding or correct it. These activities help ensure the facility or system receives its reimbursements timely. In short, medical billers and coders keep the cash flow flowing.
No wonder, then, the U.S. Department of Labor projects the field to grow by about 15 percent through at least 2024.
Everyone wants to be compensated, right? The Department of Labor pegs the median salary for these sought-after professionals at nearly $36,000 per year.
Of course, many factors influence pay rate. Your geographic location, experience level, and certifications may make this number higher (or lower). But starting on a career now gets you started in a stable career with opportunities to move up the ladder into management positions later.
In fact, you can complete the entire program in as few as four months, and tuition costs less than one month’s rent or house payment. But just because the education is affordable doesn’t mean it’s not thorough.
Your tuition includes the materials you’ll need to learn medical billing and coding and to sit for a certification exam. You’ll get personalized faculty support, too, to help you learn everything you need to know.
Our medical billing and coding curriculum covers ICD-10-CM/PCS and CPT/HCPCS coding practices, along with specific lessons on billing practices for important government programs like Medicare, Medicaid and TRICARE, and detailed instruction about workers compensation claims.
Perhaps equally important, you can take classes on your own schedule. Because our program is online, you can start whenever you want, study when you want – even take exams when it suits you.
When you’re ready, you can take Certified Billing and Coding Specialist exam, delivered by the National Healthcareer Association. The cost of this test is included in your tuition. Certification opens career doors by showing you know your stuff when it comes to medical billing and coding.
What are you waiting for? Get started today!
Learn more about the online medical billing and coding program at the Madison School of Healthcare: Talk to an admissions advisor today!