Medical coding is converting a medical diagnosis or symptoms , procedures, and drugs into codes and Medical billing is billing insurance companies and patients for procedures and office visits. Their work is submitted to insurance companies for payment purposes, data collection, research, billing and quality improvement purposes.
Medical Coders play an important role in the financial success of private medical practices and other health care facilities. The greater the expertise of the Medical Coder in identifying relevant diagnoses for patient encounters, the greater the insurance reimbursement to the physician This field generates medical coders who specialize in coding after a thorough training program and a certification process. The American academy of professional coders ( www.aapc.com) and American Health Information Management Association (www.ahima.org) offers certification.
Medical Coding Industry has met the cutting edge of information technology due to which there has been several channels opened towards placements in the health information field. These open doors has diversified and created platforms for the aspiring generation who have laid their career in the health information field.
According to the Bureau of Labor Statistics, healthcare is the largest U.S. industry, making this career a sound choice. Those who hold an associate's or bachelor's degree typically start at higher salaries.
Healthcare will generate three million new jobs through 2016 more than any other industry (BLS). This Includes Medical Coding and Billing.
Certified Medical Coders are in high demand throughout the healthcare industry. In fact, according to the US Bureau of Labor Statistics, Health care is the largest U.S. industry, making this career a sound choice and medical support professionals, including Medical Coders, are one of the 10 fastest-growing allied health occupations, And, studies show that Medical Coders are paid accordingly for their exceptional medical coding skills.