- July 23, 2021
- Posted by: medconverge
- Categories: Job Opportunities, Medical Billing, Medical Coding
What Is Medical Coding and Billing?
In essence, Medical Coding is transforming healthcare diagnosis, procedures, medical services, and equipment into universal medical alphanumeric codes. It is the process of categorizing health records into universally accepted codes.
Introduced by Jacques Bertillon, the first medical coding system was introduced in the 19th century to track mortality easily. WHO took over the system and modified it to include statistics of the death and injuries. This system is called the International Statistical Classification of Diseases, Injuries, and Causes of Death (ICD).
Medical billing is the second step in a long process, the first being medical coding. It involves healthcare providers submitting claims to insurance companies and collecting payments for their services. The medical report, coded by medical coders, includes the diagnosis and treatment the patient underwent.
What Do Medical Billers And Coders Do?
The job of a Medical Coder is to collect patient data from physicians and sort the procedures and diagnoses.
Medical billers often act as bridges between insurance companies and patients by submitting medical claims and ensuring claim payment.
The Scope and Future of Medical Coding and Billing
Medical coding is a fast-growing career, not just in India but around the world in the US and the UAE. With the increasing demands for high-standard, economical healthcare services, this business is rising every day.
As India sees growth in its KPO/BPO services, job opportunities in medical billing are also increasing. Moreover, the need for medical billers is growing by the minute.
Fixed hours, reasonable pay, and job security have earned both jobs the title of booming and respected career choices. Presently, job opportunities for both are increasing rapidly in India.
How MedConverge Is Different From Other Training Centers?
MedConverge provides the best-in-class training, sourcing, and hiring solutions for the entire range of skills required by the global healthcare RCM and documentation industry. Our decades of hands-on experience in the field help us source the right talent, deploy training that meets your specific requirements, and create strategies and solutions to optimize your human resource utilization.
How Medical Coders and Billers Are Paid?
Medical coding jobs are one of the highest-paying jobs in the BPO/KPO industry today. Starting from ₹20,000 to ₹1, 50,000 per month for fresher’s and AHIMA/AAPC certified coders, respectively.
A medical biller with 1-4 years of experience gets ₹20,000 to ₹30,000 per month. On the other hand, experienced billers and senior managers get around ₹1 lakh to 4 lakhs.
Training does not require having a degree in the medical field. But, there are many organizations that offer classroom-based training programs. There are also many websites all over the internet that provide online courses for medical coding. These courses comparatively take less time than other healthcare courses. However, the duration for most courses varies between 18 months and two years.
Medical billing training doesn’t take too long. In fact, one can become a professional medical biller by finishing an 11-18 month accredited course. Additionally, they have to pass the Certified Professional Biller (CPB) exam. Associate of Science in Medical Billing and Coding is a two-year degree one can pursue to continue their education. Certified Professional Coder and the American Academy of Professional Coders are some of the most sought-after credentials for employers.