What exactly is a Medical Billing and Coding Specialist? A doctor would tell you it is the person who ensures payments by the insurance companies.
Translation: The key to successful profits in an office.
Medical Billing and Coding specialists allow the doctors to perform their jobs without worry, while they handle everything else behind the scenes from reviewing medical records to categorizing and documenting billable information.
What does our Medical Billing and Coding Program offer? Prompt training, Portability, and Positive Growth.
If you are looking to enter the medical workforce sooner rather than later, Medical Billing and Coding might be the path to get you there promptly. You can earn certification in as little as 9 months with the classes offered at Peloton College. Seven training programs are available that will leave you in a position to take the lead as a:
- Medical Records Technician
- Health Information Technologist
- Medical Officer Manager
- Medical Billing and Coding
- File Clerk
- Medical Records Coordinator, Analyst, or Director
Location! Location! Location! What’s not appealing about the ability to choose your location for work? This particular position affords you the opportunity to work remotely, in dental offices, specialty hospitals, local government offices, accounting firms, labs, and outpatient facilities. With the need in this industry, the choice can be yours.
Let us count the ways this path is positive. According to the US Bureau of Labor and Statistics, the DFW area ranks #4 for highest employment area in Medical Billing and Coding as well as one of the highest median pays of $42,180. Additionally, the ladder to success in coding and billing can be climbed with ease due to the high demand in this field.
What do you learn during a medical billing and coding program?
The Medical Billing and Coding training program at Peloton College provides students vital knowledge in Medical Terminology and Understanding Health Insurance Claims and prepares students to be able to work with and maintain electronic health record systems in the health care industry. Graduates of this Medical Billing and Coding training program will also be eligible to sit for the Certified Electronic Health Records Specialist (CEHRS) Certification or the Certified Billing and Coding Specialist (CBCS) Certification.
Electronic Health Records Theory
The medical industry as a whole as transitioned from paper documents to electronic health records (EHR). These digitize records allow quicker collaboration, more security and privacy, reduction in duplication of services and overall healthier outcomes for patients. Part of the job of a medical billing and coding specialist is to translate physician’s notes into patient charts for insurance claims and patient billing. The move away from paper documents means that most records are kept electronically and some older paperwork that needs to be retained is digitized by medical billing and coding specialists.
Principles of Health Insurance
A medical billing and coding specialist will need to understand the health insurance processes and protocols. A large part of their job is submitting health insurance claims and reviewing and resubmitting denied claims. It is important for the medical billing and coding specialist to understand the health insurance principles to best interact with during the completion of their role.
Understanding Health Insurance Claims
Most insurance claims are processed through Medicare and third-party insurance companies. It is important for medical billing and coding specialists to understand the insurance claims process, the proper medical coding and how to research a denied claim.
Electronic Health Records Simulations and Case Studies
During the medical billing and coding program, students learn by doing. Instead of just setting in lectures and listening to instructions, students work on actual electronic health records simulations and review different case studies to put the knowledge into action. This will help students remember protocols and procedures more thoroughly.
The most important part of the medical billing and coding program is learning medical terminology. This is important to minimize medical errors and have the ability to translate doctor’s notes to electronic health records. You will learn about prefixes, suffixes and root words to better decipher terms without rope memorization.
Anatomy and Physiology for Electronic Health Records
Although a medical billing and coding specialist rarely has direct contact with patients, they do need to know about anatomy and physiology. Anatomy is how the body is made and physiology focuses on how the body works. Having this knowledge will better inform you when it is time to update electronic health records, code insurance claims and process patient billing.
Are Medical Billing and Coding Specialists in Demand?
According to the Bureau of Labor Statistics (BLS), opportunities in the Health Information Management sector are excellent. Employment of medical records and health information technicians is projected to grow by 9 percent from 2020 to 2030, much faster than the average for all occupations.
When putting together a team in any office, coders and billers are not sitting on the bench. They are in the starting line-up, at the top of the roster, and make the team complete. At Peloton, we want you to feel like a first-round draft pick in this competitive workforce world. Contact us today and let us help you get the proper training to advance your career so that you can enjoy all the perks of our Medical Billing and Coding Program!