Today, the outlook for any given profession is under great scrutiny, but when it comes to medical coding, the future looks great. Medical coding is one of the fastest growing jobs in the healthcare today. It’s unlikely that strong candidates for this profession will ever struggle to find work as the healthcare industry expands. And the best way to make sure of the strongest job prospects possible is to get formal medical coding and pursue medical coding certification from a good institute.
If you consider taking a career in Medical coding, the training can help you develop the skills and knowledge. You can also prepare for an industry-recognized certification exam, like the Certified Professional Coder (CPC®) exam. As many employers want candidates with relevant education and certification, medical billing and coding candidates should be able to demonstrate an understanding of industry-standard codes and practices.
As per U.S. Bureau of Labor Statistics (BLS), the employment for Medical Records and Health Information Technicians, which includes medical billers and coders, is expected to increase 15% from 2014-2024, faster than the average rate for all occupations.
The increase in the job opportunities will also have an impact on the very nature of the profession, thus impacting the job outlook:
Increase in work from home employment: Medical coding is an administrative profession which does not require any face-to-face interaction with patients. This makes telecommuting a more viable option than a need for having a medical coder on location less important. Due to this trend, there is an increase of professionals in the field who want to take up work from home and giving ample scope for freelancing.
A healthy increase in training demands: As there is a high demand for medical coding jobs, there is also great training demand from employers and organizations which offer certifications. For example, AHIMA seeks to increase education levels so that a graduate degree will be necessary for professional growth.
Other opportunities: There are other career opportunities which exist for medical coders. They may be hired as auditors for private companies which will help other facilities maintain compliance by reviewing their medical documents. There are also jobs which exist as claims adjudicators on the payer side. Many times medical coders are cross-trained as medical billers also, and they can climb the ladder as medical office management positions. There are also other jobs which exist as that of medical billing advocates. These advocates work for private entities which provide services to inpatient hospital clients to review their bills for errors and get the biller lowered.
To conclude, one can say the outlook looks quite bright for a person who aspires for a job as a medical coder. Due to the competitive nature of the job market, you need to take a quality medical coding training necessary to land a good job.