Medical Coding from Home: the High in Demand Career to Earn Up to $50,000/Year – Actually, there are many careers that can be done at home. This kind of careers usually offers you flexibility of working time, even though your salary depends on how many things you have worked per month. Among those careers, there is medical coding from home. In fact, it is pretty high in demand. When it is like that, you know you can get consistent or even higher payment in every month. If you are interested in it, let’s have it discussed in this opportunity. Here we go below then.
What the Medical Coding Is Actually Defined As
Code is actually assigned to every action that the doctor does while interacting with patient. The examinations, lab test, and medication prescription have numeric codes which are known as Current Procedural Terminology (CPT) codes. As for the diagnosis, it is especially coded with International Classification of Diseases and Related Health Problems. It is better known as ICD-10 code though. Why is it necessary to code those actions? It is because we can know that the doctors and the others are using consistent terminology and codes too.
As you might have guessed, medical coding and billing jobs from home is the kind of careers where one has to take care of those codes. Your job would be to review the charting by the doctor or other medical specialists. We usually have to check for accuracy, overlapping codes, insurance regulations, or billing requirements. We also need to make sure that the charting goes onto the form that is submitted to insurance company for the purpose of reimbursement. Simply put, you are there to ensure accurate invoice between the patients and insurance firms and avoid fraud, abuse, and such.
The Typical Earning of Medical Coding Specialist
Are you not convinced enough to believe that medical coding is a promising career to consider? Well, it sure is hard to tell just from the fact that the world needs the specialist today. Yes, it ensures you consistent salary, but we do need to know just how much we would receive typically. Based on some observations, the specialists could earn as much as $15 to $18 per hour. Taking this into calculation, we can conclude that their average salary would be around $38,000 per year. Such salary of medical coding from home is satisfying.
Based on the US Bureau of Labor Statistics too, the need of health information medical technicians might grow more than 13% in the next 10 years or so. How much does medical billers and coders make at that time? It wouldn’t be impossible to say that it might reach up to $50,000 per year since there is likely a rise to their salary in those next 10 years from now. If you want higher pay, you will have to improve yourself of course. Try to train and even specialize in the area of focus. The more knowledgeable you are, the more you will earn.
The Requirements to Become the Medical Coder
Of course, there are always requirements to apply for every job. It applies the same even to this career here. Speaking about that, training and familiarity with medical terminology is that of great importance for it. Quite often, you will find employers that require you to have professional coding certification through the AAPC (American Association of Professional Coders). You don’t have to worry though. The certification process today is not as difficult as you might think. Just take one of the online certification programs on the Internet.
In months, you will have classes and training. However, they are all available online, so you don’t need to go to its institution yourself for that. Also, you might need to note that you don’t need to have experience in the medical field to apply for this job. That being said, you can put your skills and knowledge into action if you have experience beforehand. There is possibility that employers would consider this particular requirement as well. This job might be promising enough because of the salary, but it also makes good change of pace for those looking for new job to earn money for living.
Now that we have reached the end of this article, have you gotten enough understanding about this career option? Judging by the need of health information technicians, it is not the kind of jobs that you will dump in a short time. Who said we can’t make money from home? Medical coding from home is there to prove it wrong. The potential salary is great too. You don’t have to worry about not having enough to make your living. Just make sure to manage your time well and exercise more. There is the possibility to get your salary raised.