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6 Surprising Facts about Medical Coding and Billing, you didn’t know

The medical coding profession is an indispensable part of the healthcare industry. By allocating codes to the description of a patient’s health condition, medical coders help to keep the flow of information between the doctor and patient as well as insurance companies. What is more, jobs in this field are booming high! The Bureau of Labor and Statistics is foretelling a 15% increase in medical records and health information technician jobs between 2014 and 2024. While this profession has a significant place in the job market and holds a high demand but there are still a lot of people who are unaware of it.

Here are 6 facts about the medical coding profession:

  • Medical Coding and Medical Billing are NOT the same –

Medical coding is the assigning of codes to descriptions of a patient’s health condition and services offered to that patient while medical billing is the means of submitting claims and handling payment for services rendered.

 

  • Medical Coders plays a vital role in the health industry –

Documenting a patient’s history is extremely important. Not just communicating the correct information to insurance companies, it also ensures providers have the full image when trying to piece together a diagnosis, helping to save lives!

 

  • Medical Coders is problem solvers –

The act of allotting codes from descriptions is as much of art as it is a science! Sometimes it requires too much research and follow-up with doctors, patients, and insurance companies to ensure accurate information is captured. Excellent problem-solving skills help in this profession.

 

  • The Medical coding system is massive –

Medical claims require the application of thousands of codes. Most Billers and Coders operate with systems for tracking and assigning codes because of just how big the medical coding system is. If you have a great memory, you will find it that much simpler to assign codes.

  • Medical Coders can work in any healthcare environments –

Medical coders are needed in all the sectors of the healthcare system. Some medical coders work in hospitals while others work directly in a physician’s office.

 

  • The future outlook for Medical Coder looks promising –

The lack of skilled medical coders is disturbing the healthcare industry and creating high demand for medical coding. As per CNBC, the demand for medical coders set up by new federally mandated coding standards, which have lowered productivity.  

Joshi Medicode provides accurate, reliable and unbiased training sessions for medical coding, billing, and transcription. Joshi Medicode offers a self-paced program with round-the-clock support from our well trained and experienced staff who provide complete hand-holding, motivation and guidance right from course beginning to course completion and placement.

To be a part of this booming profession. Partner us for a bright career in medical coding, billing or transcription. Visit us @ www.joshimedicode.com for further information.

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