Healthcare coding has been around for a long time but recently it has gained quite a bit of attention.
It is often sold widely to the public that this is an “easy work from home, data entry job that has little requirements and high earning potential”. This declaration is only partly true though.
Before you invest time and money into an education and learning and certification, take a moment to investigate this particular field and its potential a little more.
Misconception 1: Coding is Easy
Most people who hear about medical coding for the first time believe that it is easy to learn and/or perform. Most individuals who have attempted to learn, or who do medical coding might disagree.
To be a medical coder you should be very detail oriented plus organized.
Medical coders must also possess a broad knowledge base of healthcare billing, medical terminology, gross body structure, insurance policies, practice management, coding recommendations, HIPPA regulations, how to use each code manual, and more.
In addition to being knowledgeable, medical coders must also have the ability to read plus understand detailed, lengthy medical records and operative notes. Communication skill with physicians and insurance companies are imperative.
Myth2: Work from Home
Many individuals listen to that medical coders work from home and they also enter this field based on this alone.
While many individuals do medical code do from home, there is more to it compared to what if often advertised.
In order to do healthcare coding from home individuals must very first become certified as either a COST-PER-CLICK or CCS. Following certification individuals must then gain on the job encounter.
The majority of companies that allow healthcare coding from home require 2-3 years of on the job experience as a minimum.
Many coders who do medical code from home are also independent contractors. Indie contracting should also be researched plus considered prior to investing in this profession.
Myth 3: Data Entry Job
Medical coding is a learned skill. The only thing data entry and healthcare coding have in common are the proven fact that both utilize 10 key.
Carrying out medical coding requires a knowledgeable individual to first read, interpret, and understand the medical record and/or operative note.
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They must then determine what info is pertinent and what is not. The particular pertinent information must then end up being translated into codes by utilizing three large manuals.
Translating this information in to codes requires medical coders to know how to use the coding manuals as well as apply coding guidelines which figure out things like; when a code can plus cannot be used, sequencing multiple codes in the correct order, linking unique codes with other codes, when multiple requirements are required for a single piece of info, etc . etc .
Medical coders must also know insurance specific coding suggestions as well and determine which recommendations should be applied in each scenario.
Myth 4: Little Requirements
The government has not yet mandated any particular requirements that one must first fulfill in order to be a medical coder.
However , employers have taken action of their own. Nearly all employers will not hire an individual as being a medical coder without at least the CPC or CCS certification. A lot of employers also require at least several on the job experience in addition to this as well.
People who wish to become a medical coder and do medical coding from home should make themselves employable.
To become employable in this field, individuals must follow a career path similar to those of many other professions.
Proper education is the best place to start. Having a medical terminology and gross body structure course should be the first step, followed by taking a medical coding course that will specifically prepare you for one of the two certification exams.
Once schooling has been obtained individuals must then sit for either the CPC exam that is offered by the AAPC, or for the CCS exam provided by AHIMA. Any other “medical coding certification” will not be recognized by employers.
After earning either the CPC or CCS credential individuals must then gain on the job experience. Similar to most other careers, starting out as a medical coder will require individuals to start in entry level placements and work their way upward.
Due to the sensitivity of this work as well as the direct impact it has on income inflow and reimbursement, often newly certified coders find they must consider unrelated positions while they learn from the medical coders in the coding department. Only after they have established themselves do they begin to gain healthcare coding duties and receive campaigns.
Working as a front desk receptionist in a physician’s office, working in the medical records department, or carrying out data entry in the medical invoicing department are common ways newly authorized medical coders start out.
Myth five: High Earning Potential
Earning potential varies due to many factors, like geographic location, years of experience, kind of specialty, economics, etc .
Starting out as a medical coder in an entry level place often pays very little.
If people are able to stick it out though, acquire a less than desired pay, plus gain that critical 2-3 many years of experience, the flood gate can swing wide open.
Currently the medical coding field is experiencing something of the phenomenon. The market is lacking in skilled medical coders and positions are getting un-fulfilled. This is causing employers to offer a high rate of pay to be able to bring experienced workers into their firm.
In response to this need many individuals took educational courses and earned their particular certification. This action has caused a good over saturation of newly inexperienced coders in the job market.
Newly accredited coders are finding that gaining their first coding job is becoming the competition. In addition , entry level positions that they are seeking are also being filled by over qualified experienced individuals due to a sluggish economy.
As a result, newly qualified coders are becoming disgruntled due to the fact they have incurred expensive education, invested period, and cannot afford to invest more in a low paying position.
In the current market, gaining the first medical code job is the key. If a newly accredited coder can obtain an entry level place, do whatever is required of them, plus earn the 2-3 years of encounter employers are looking for, there will be no limit to both your career and income potential.
Example: Personally, I started out as a front desk receptionist. Our first entry level coding job paid $10 -$12 per. hour. After gaining the required experience I chose to do medical coding from home exactly where I earn over $50 for each. hour.
In conclusion, medical coding is just not exactly the “easy work from home, data entry job that has little requirements plus high earning potential” career it is often sold as, but there are some truths to this statement.
Medical coding is similar to most other careers, requiring schooling, dedication, hard work, and expertise. The particular harder one works the more they will succeed.