De­mand for med­i­cal billing and cod­ing spe­cial­ists con­tin­ues to grow

The Denver Post - - BUSINESS -

The health­care in­dus­try has changed in dra­matic ways over the past decade, but the fu­ture is look­ing bright for med­i­cal billing and cod­ing spe­cial­ists. Ac­cord­ing to the Bu­reau of La­bor Statis­tics, the ca­reer is ex­pected to grow 15 per­cent through 2024, a much faster rate than av­er­age. Still, the job can ap­pear mys­te­ri­ous to those un­fa­mil­iar with health or in­sur­ance in­dus­tries.

What is med­i­cal billing and cod­ing?

When you visit a doc­tor, she or he needs to make notes about the treat­ment or ex­am­i­na­tion you re­ceive. These notes al­low your in­sur­ance com­pany to know the de­tails it needs to process your med­i­cal bill.

Since there are so many types of treat­ments and ex­am­i­na­tions, every­day de­scrip­tions would make for a bill that’s messy and dif­fi­cult to read. That’s where med­i­cal billing and cod­ing spe­cial­ists come in. They trans­late notes from doc­tors into a spe­cial­ized lan­guage for med­i­cal and in­sur­ance in­dus­tries so the billing process is as easy as pos­si­ble for ev­ery­one.

Why is the in­dus­try grow­ing? In 2015, the med­i­cal in­dus­try saw a huge change in the way med­i­cal billing and cod­ing was re­quired to be per­formed. A new med­i­cal cod­ing stan­dard be­came manda­tory, with a sig­nif­i­cantly more de­tailed sys­tem of codes re­quired. Since the new sys­tem has been im­ple­mented, de­mand for med­i­cal billing and cod­ing spe­cial­ists to help with the grow­ing work­load has ex­ploded.

In ad­di­tion, our ag­ing pop­u­la­tion is in­creas­ing de­mand for health care ser­vices. Ac­cord­ing to cen­sus data, our pop­u­la­tion’s av­er­age age is in­creas­ing; that means more de­mand for test­ing, treat­ments and pro­ce­dures that will all need to be pro­cessed by a med­i­cal billing and cod­ing spe­cial­ist.

But how do you be­come a med­i­cal billing and cod­ing spe­cial­ist? With ca­reer train­ing through IBMC Col­lege, you can gain the con­fi­dence and hand­son knowl­edge needed to thrive as a med­i­cal billing and cod­ing pro­fes­sional. Visit ibmc.edu or call 1-800-NEW-CA­REER for more in­for­ma­tion, and to start your train­ing at IBMC Col­lege in Long­mont, Gree­ley or Fort Collins and get into a ca­reer that of­fers sta­bil­ity for years to come.

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