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Three Reasons Now is a Great Time to Start a Medical Coding & Billing Career

Written by Madison School of Healthcare On Friday, 01 July 2016. Posted in Healthcare Insights

Three Reasons Now is a Great Time to Start a Medical Coding & Billing Career

The healthcare industry is growing leaps and bounds—and the field of medical billing and coding is no exception. Professionals with medical coding and billing training, typically referred to as health information technicians, organize and manage health information data to maintain quality, accuracy, accessibility, and security. If you have a knack for organization, good attention to detail, and, most importantly, want to help patients in the process of receiving the care they need, this field might be for you. Plus, the time to start a career in medical billing and coding has never been better. Here are three reasons why:

1. The Field is Growing

The U.S. Bureau of Labor Statistics projects that employment of health information technicians will grow 15 percent from 2014 to 2024, eventually reaching 217,600 jobs. This growth rate is much faster than the average for all occupations.

This increase in health information technician jobs can be attributed to a few factors, including:

  • The baby boomer generation is aging and requires more medical services, which means more health information technicians to organize and manage health information data.
  • The number of individuals who have access to health insurance is expected to continue to increase because of the affordable healthcare act.

2. The Field is Changing

Healthcare facilities are increasingly adapting to the use of electronic health records (EHRs), which means the job responsibilities of health information technicians are changing. Individuals in this field will need to be up to date with the latest technology, be able to learn new software when tools as they arise, follow security and privacy practices, and analyze electronic data. Completing your medical coding and billing training now can help prepare you for these new responsibilities.

3. It’s an Important Role

This job isn’t just about data entry; it’s about capturing the full story of each patient visit. Whether you’re in a physician’s office, hospital, medical clinic or nursing home, as a health information technician, you will play a very important role in the delicate ecosystem of a healthcare facility.

It’s important to have trained, skilled medical billing and coding experts who can accurately translate diagnoses, treatments and procedures into proper codes for billing and insurance purposes. It takes someone with the right training to make these transactions go smoothly so physicians can do their jobs, and patients can receive the best possible care.

Learn more about medical coding and billing training.

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Madison School of Healthcare

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