Most private doctor's offices are still depending on their overworked office managers—and nearly every bill has to be submitted at least twice before all the codes are correct. Each time a bill has to be resubmitted, the doctor has to pay out of his own pocket. Simply submitting correctly coded bills would bring the average doctor another $60,000 in revenue over a three month period. Whether you want to start your own 'at home' business profession, work with a single doctor, or be a part of a large team that handles the billing and coding for major medical facilities, you should ensure the quality of your operation by obtaining formal education and becoming a certified medical biller and coder. The education is not a legal requirement, but due to the detailed nature of the business and the high cost of errors, your career will get off the ground much more quickly if the doctor or hospital sees that you are certified as an expert in this important and rapidly growing field. Many excellent institutions now offer training as a medical biller and coder. Several have online classes, requiring little or no campus residency. And with the growing popularity of distance education, you can rest assured that accredited medical billing courses online are just as rigorous and comprehensive as if you had spent time in a traditional classroom. The following are just a sampling of the occupational titles and job opportunities related to medical billing and coding.
According to the US Career Institute, the health care field is growing faster than any industry. The health care providers can't begin to keep up with the CPT codes alone...that stands for "current procedural terminology," and for 2007, there are 9000 CPT codes alone. If you think that's overwhelming, consider that there are 17,000 ICD-9 codes for 2007 (International Classification of Diseases). The ICD-9 Code is used with a CPT code. The CPT code describes a procedure while an ICD-9 code describes a diagnosis. The combined codes verify the medical necessity of a procedure. A Medical Biller and Coder is taught how to choose these and many other types of codes, based on the doctor's 'superbill.' When the correct codes are identified, a reputable insurance company will usually pay the claims in a timely fashion. Of course, the doctor has to pay for each code on
the bill. An incorrect code doesn't mean a refund. It means he will have
to pay again. Even for a few cents per code—imagine how much money
is lost if 96% of all medical bills have to be submitted at least twice.
That's why you need to formalize your new career with an earned certification
from one of the many fine institutions available.
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