-
Medical billing and coding is the process by which health care professionals receive payment for treatments they provide. Professionals in medical billing and coding will be in high demand through 2018, according to the U.S. Bureau of Labor Statistics.
Function
Medical billing and coding begins with submitting claims to insurance companies. Once the insurance company pays, medical billing and coding specialists then submit requests for any outstanding balances to the patients for payment.
Features
Before submitting a claim to an insurance company, medical billing and coding professionals translate the diagnosis and procedures performed into codes or specialized groups of alphanumeric characters that the insurance company uses when considering claims.
Education
Understanding medical technology and the codes used in medical billing and coding requires training after high school. Most professionals in the field hold two-year associate degrees.
Compensation
As of December 2009, the average annual salary in the field of medical billing and coding was $37,000, according to Indeed.com.
Considerations
A number of offers regularly circulate through emails and the U.S. Mail concerning training and working from home in the medical billing and coding field, but according to the FTC, many of these offers are fraudulent scams.
Source:
U.S. Bureau of Medical Statistics: Medical Records and Health Information Technicians
Indeed.com: Medical Billing and Coding Salaries
FTC: Medical Billing Opportunities-Worth a Second Opinion
More Information:
Medical Insurance Billing and Coding Career Information
Copyright 2023, Wired Ivy, LLC