Medical Billing Training
Did you know that most doctors are overwhelmed with insurance paper work and medical claims? Medical claims processing has become a very large business for many people. With the right education, you can learn the skills and gain the knowledge to process medical claims efficiently, handle patient invoices, and obtain reimbursements for both patients and physicians.
Our home study medical billing training program can provide you the skills you need to success in the career field. Experienced medical billing specialists provide a very important service that is growing in demand. Some even move on to offer their special skills in home based medical billing firms! Imagine starting your own medical billing firm.
In this nationally accredited distance learning medical billing course, you can learn the practical medical billing and medical insurance knowledge and hands-on skills that are used by doctors' and dentists' offices, clinics, hospitals, and insurance companies. And best of all there are no prerequisites for this course and you can complete it from the comfort of your own home.
Penn Foster Career School
Although many people use the terms medical biller and medical coder interchangeably, they are actually two separate job functions. A medical coding specialist is someone who assigns diagnostic and procedure codes for services rendered to patients in medical clinics and hospitals. This information is then forwarded to medical billers who submit the information to the patient's insurance company for reimbursement. Medical billers typically work for one or more doctors in the business office of a hospital or clinic.
One of the major challenges in the field of medical billing is keeping up with the requirements of various insurance companies, which can change frequently. Medical billers must also have a thorough understanding of Medicare and Medicaid, which are government-sponsored health plans for the elderly and economically disadvantaged. As a medical biller, you will research insurance company rejections to determine whether they were justified. You will also correct errors made by coders and other billers, file appeals and follow-up on past due invoices.
What Kind of Education is Required to Become a Medical Billing Specialist?
To obtain a position as a medical biller, you must complete a post-secondary training program and obtain certification. Most programs range in duration from six to 18 months. The American Health Information Management Association (AHIMA) is responsible for providing accreditation to medical billing schools. In 2010, the organization had accredited 33 community, technical and career colleges that offered medical billing programs. You may be able to complete some or all of your medical billing training through a distance education program.
Regardless of where or how you attend school, there are specific subject areas that you will study in order to be trained as a medical billing specialist. These include anatomy and physiology, medical terminology, pharmacology, health care regulations, documentation requirements and training on various healthcare software programs. If you complete your program online, it should include at least 40 hours of medical billing practice. A community or technical college should offer you a short internship at the end of your program in order to provide you with practical experience before graduation. You may also wish to seek certification as a medical billing specialist to gain a competitive advantage. Each state offers its own certification procedure, so be certain to look into the requirements necessary to take the certification exam.
What is the Job Outlook and Typical Salary for Medical Billers?
The Bureau of Labor Statistics (BLS) predicts an annual growth rate for this career of 21 percent for the decade 2010 to 2020. The aging population is the biggest factor driving the need for skilled medical billing professionals. As people born in the earliest years of the baby boom reach retirement age, their need for medical services will increase.
Medical billing specialists are needed to keep up with the demand created by the increased number of people needing medical intervention as they age. The biggest demand will be for workers who have strong knowledge about the Medicare program, as this is the most typical medical insurance for older Americans. At electronic health records become the standard, medical billing specialists must be comfortable completing the majority of their work by computer.
The average pay for all medical business office personnel, which also includes medical records specialists, medical coders and information technicians, was $32,500 in 2010. This figure represents the average salary of all skill levels, from new graduates to those with several years of experience. The top 10 percent of wage earners in this field reported annual compensation of more than $53,500.