With the changes in the health care industry brought about March 23, 2010, by the Patient Protection and Affordable Care Act(PPACA) also commonly referred to as Obama care, health care reform, or the Affordable Care Act (ACA) there is a great need for Medical Billing Experts.
Medical Billing Career Opportunity
Description – Medical Billing Career
Medical billing is a profession that translates Healthcare Services into a billing claim. The responsibility of the medical bill are in a healthcare facility is to ensure that that claim receives reimbursement for the work provided by the healthcare professionals.
Opportunity – Medical Billing Career
A knowledgeable medical billing expert can optimize the revenue and performance of a health care practice.
People with the medical billing degree have a variety of responsibilities in the workplace. Depending on the size and type of facility, the medical bill are typically assembled all data concerning all the billing for patient care. This includes collecting the initial data entry, claim information, insurance payment information, posting payments received, and ensuring that all accounts are up-to-date.
Medical billing professionals also need to be very up to date on healthcare professionals diagnosis and healthcare information.
Healthcare billers also need to understand how to read medical records and be familiar with the technology in the hospitals or healthcare facility.
Being educated as a medical bill or will improve your skills in the following areas:
- The ability to use technology and computer system to track and document payments.
- Evaluate Accounts Receivable and reduce the amount outstanding.
- Understanding insurance companies and find ways to expedite claim payments.
- Provide best practices in dealing with insurance companies and collecting money from patients while maintaining a good reputation with these patients.
- Reduce the amount of bad debt in a healthcare organization.
- Use data and reports to project cash flow and overall operating profit.
Benefits – Medical Billing Career
High Demand. – Medical Billing Career
Medical billing, sometimes called medical coding and billing is a high demand occupation and will remain that way into the future.
Interaction with technology. Medical Billing Career
With the ever-changing requirements of healthcare software, medical billing specialists are on the front end of each of these Software rollouts. Therefore, their interaction with technology remains high.
Predicable Schedule. Medical Billing Career
Due to the nature of medical billing, working hours are predictable and typically follow a regular workday. Depending on the organization, some medical billing work can be done remotely.
Be Your Own Boss. Medical Billing Career
Medical billing is an excellent way to start your own business and become self-employed. This can be either done on a contract basis with healthcare companies, or through a freelance relationship.
Additional Work and Opportunity. Medical Billing Career
As your reputation as a high quality medical building professional builds, healthcare organizations will present you with other clerical and administrative opportunities.
This will allow you to build your income and your own organization should you choose to start your own business.
The salary range fro a medical billing specialist is between $25,000 and $40,000 depending on geographic location, responsibilities, position and type of medical organization.
Below is a list of specific articles discussing the types of colleges and universities that provide college health degrees.
College and University programs preparing you for a career Nursing.
College and University programs providing a Masters in Nursing.
College and University programs preparing you for a career Healthcare Administration or Healthcare Management.
College and University programs preparing you for a career Healthcare Information Technology.
College and University programs preparing you for a career Dental Assistant.
College and University programs preparing you for a career Physical Therapy.