Building a medical coding and billing job is a wonderful experience. Billers from all over the world enjoy their jobs because they pay well and you are always learning something new. New comers are often troubled by the fact that there is so much to learn. Just when you thought you had ICD-9 down pat, you now have to deal with ICD-10. Medical billing today has a lot to do with how well you have studied and understand the industry.
If you are wondering about your weekly pay, it should be pretty good. However, you also need to understand that good pay comes with lots of experience. Many college graduates are shocked to learn that they are only getting paid around $35,000 a year with no experience. It is mainly because you don't know enough about ICD-10 to earn good returns for physicians. You are at a beginning stage and have to do a lot of internships or low paying jobs in order to get to the gold. It takes years of experience to do billing well. Most medical billers that are getting paid $100,000 or more have around 10 years of professional coding experience.
Physicians today understand that ICD-10 coding is hard to learn and to master. It takes someone with lots of experience, knowledge about the 100,000 codes and a college degree to do well in the field. Today's medical billers should know about physiology and anatomy. You need to document actual treatments and how patients are doing with recovery. If you are fresh out of school, you need to do an internship first before anyone will take you seriously. It is a known fact in the medical billing world that new graduates do not know enough information in order to get proper reimbursements. They simply lack the skills to get high returns on claims.
Many overseas companies are seeing many claim rejections in their billing. It is becoming common for treatment centers to receive regular audits from insurance companies. It is often a troublesome time for physicians. They are trying to figure out if they should outsource their billing or keep it in house. It is becoming clear that outsourcing your billing actually gets you higher profits. Medical billers do their job around the clock. They do nothing else but billing. A doctor must see his/her patients. Your staff does other responsibilities as well. Coding today is a full time job.
It is true that you must get your experience in ICD-10 somehow. On the job training is hard because most companies today are looking for someone that is skilled. Learn to go through the ropes. Understand that hopping from job to job at first is just part of the industry. Until an employer sees you as a valuable asset to their company, they will most likely not employ you for very long. It is because their practice depends on you making them money. Without good billing skills, a practice will go bankrupt and often close.
If you are wondering about your weekly pay, it should be pretty good. However, you also need to understand that good pay comes with lots of experience. Many college graduates are shocked to learn that they are only getting paid around $35,000 a year with no experience. It is mainly because you don't know enough about ICD-10 to earn good returns for physicians. You are at a beginning stage and have to do a lot of internships or low paying jobs in order to get to the gold. It takes years of experience to do billing well. Most medical billers that are getting paid $100,000 or more have around 10 years of professional coding experience.
Physicians today understand that ICD-10 coding is hard to learn and to master. It takes someone with lots of experience, knowledge about the 100,000 codes and a college degree to do well in the field. Today's medical billers should know about physiology and anatomy. You need to document actual treatments and how patients are doing with recovery. If you are fresh out of school, you need to do an internship first before anyone will take you seriously. It is a known fact in the medical billing world that new graduates do not know enough information in order to get proper reimbursements. They simply lack the skills to get high returns on claims.
Many overseas companies are seeing many claim rejections in their billing. It is becoming common for treatment centers to receive regular audits from insurance companies. It is often a troublesome time for physicians. They are trying to figure out if they should outsource their billing or keep it in house. It is becoming clear that outsourcing your billing actually gets you higher profits. Medical billers do their job around the clock. They do nothing else but billing. A doctor must see his/her patients. Your staff does other responsibilities as well. Coding today is a full time job.
It is true that you must get your experience in ICD-10 somehow. On the job training is hard because most companies today are looking for someone that is skilled. Learn to go through the ropes. Understand that hopping from job to job at first is just part of the industry. Until an employer sees you as a valuable asset to their company, they will most likely not employ you for very long. It is because their practice depends on you making them money. Without good billing skills, a practice will go bankrupt and often close.
About the Author:
Many hospitals depend on our medical billing services in order to save them financials and get them higher returns. We are one of the best coding organizations in the United States. We do money cycle management and utilization management also. We work with many organizations in order to ensure their success. We are a certified ICD-10 coding company.
