Nowadays there is an extraordinary growth in the career opportunities in different fields. Many new opportunities are arising in the job market. Among the various upcoming jobs, Medical Coding is an excellent career option for the youth of the country. With the growth of the different sectors, the healthcare industry is also witnessing a sudden growth in the country. This industry is generating millions of jobs not only in India but also in other developed and developing countries.
Medical Coding is one of the actively growing fields in India. As industries are growing day by day according to industry data, the offshore healthcare services industry is expanding at a rate of 25-35 % per year. Medical coding is the fastest-growing outsourced business process in the nation, so trained and certified coders are required. Unfortunately, at present, very few of healthcare employers are adequately staffed with trained medical coders. The most common reason behind this is the lack of qualified candidates. In the United States currently, only 49% of employers have an adequate staff of medical coders due to the lack of trained candidates.
If the benefits and reasons below resonated with you, then it’s the time to consider a career in medical coding.
- Demand For Medical Coders
There is an increasing need for medical coders and now is the correct time to join this industry if you’re looking for a healthy job market. With the impending switch from ICD-9 to ICD-10, we will soon see the need for skilled medical coders with ICD-10 certification and training and at that point, unless the state has issued an extension, it will be expected that all medical coding shall be done by implementing ICD-10. This change will devise many healthcare and insurance providers unequipped to continue providing service in the same position. In preparation for this switch, several medical coding companies, and healthcare service providers are looking out coders with ICD-10 certification.
- Potential For Growth And Promotion
Medical coding needs attention to detailing, organizing, and strong critical thinking skills. These elements are not for everyone and will eliminate those who are not cut out for the requirements of this job. However, those who can handle these challenges will thrive in this position. Leaders in healthcare are aware of the importance of skilled medical coders, and the essential role played by them in the healthcare industry and will reward those who demonstrate these critical skills.
- Be A Part Of One Of The Largest And Fastest Growing Industry
From an economic point of view, healthcare continues to be one of the most stable and profitable industries in India. For those seeking a job with potential long-term investment, the healthcare industry is the smartest choice. While several companies falter with fluctuations in the stock market and other economic variables, health care providers are always in demand. This requirement has led to the further need for medical coders to meet the medical services needs.
- Work Remotely
Despite medical coders work in settings ranging from doctor’s offices to insurance agencies, many coders enjoy the bonus of working from home, and this is appealing for those candidates looking for a flexible work schedule or for those candidates who belong from a remote location. Other advantages include; avoidance of stressful commutes and spend an increase of personal time.
- Opportunity to Start Your Own Business
Medical coders are frequently hired as independent contractors, working remotely like their own business. If you consider yourself an entrepreneur looking for a way to start your company this may be an excellent opportunity for investment. Once the candidate is done investing time in gaining medical coding certification and training, then he or she can join a business market with several appealing opportunities.
- Provide An Invaluable Service
Coders provide an indispensable service to the healthcare and insurance providers. Medical coders may not be in the limelight or at the front line, yet without coders, neither of the industries would be able to do their job. They provide the voice for insurance companies to decipher claims and start processing payments. Without high quality and detailed codes, insurance companies cannot process the argues that ultimately keep our healthcare system in the business.