- Intensive medical coder training with hands-on practical experience
- A chance to learn from 60 AAPC approved and PMCC-certified teachers
- Learn at your own time and pace with personalised online courses
- Learn from the best at Delhi’s first AAPC-approved training institute
- Wanting to settle abroad but confused about a career. Come to Elates Academy for an educational counselling program
- Scholarships
- Choose Medical Coding as a flexible career option
- Anybody can be a medical coder; you don’t need to be from a science or medical background
WHY be a Medical Coder?
Regardless of how you go about it, if you’re involved with the modern healthcare system, you’re inevitably dealing with medical coding.
Medical coding is a procedure which is used in hospitals to transform hospital statements and reports into a more universal format. This involves using alphanumeric codes, such as CPT, HCPCS Level II, and ICD-10-CM, for different sections of the statement so that they get slotted into a classification scheme.
In laymen’s terms, this means that all the medical reports that a hospital might provide you with, from medical reports to prescriptions and diagnoses to procedure overviews, are efficiently and digitally organized by being translated into a system of codes that are accessible to a broader range of professionals and this task is performed by Medical Coders.
For the consumer:
Medical Billing Helps patients with insurance claims and reimbursements.
This transformation process is extremely important and is now an integral part of making medical claims with insurance providers. Medical Billing helps patients get reimbursements and can even be used to ensure better care and outcomes for future hospital visits.
For the institutions
Helps government, and insurance based organisations better their healthcare plans.
At a less personal and more policy-oriented level, the data accumulated by medical coders is extremely lucrative for governments and insurance agencies. This is because it can help in the development of new insurance plans and more comprehensive healthcare policies.
What is Medical Billing vs. Medical Coding?
Whenever someone submits a claim to a healthcare insurance provider for medical services that they received, they’re dealing with the Medical Billing process. The process is actually slightly more comprehensive than just the submission of the claim since it also includes all the follow-up procedures that occur after the claim is entered.
Medical Billing can be seen as the second step in a relay procedure that begins with a Medical Coder. First, the Coder digitally translates the medical statements and relays it onto the Biller. Following this, the Biller submits this translated version to an insurance company and follows up with them to ensure that the necessary reimbursement is provided.
This two-step combination leads to a high degree of billing accuracy. This means that Medical coders tend to be highly productive and can optimize the revenue streams of healthcare providers, delivering a high volume of revenue.
STILL UNSURE ABOUT A CAREER IN MEDICAL CODING/BILLING?
What is the future of Medical Coding and Billing? Is it something I should consider a career?
Of course!
With some of the largest economies in the world, such as those of the US and the UK, being highly dependent on insurance for their healthcare systems, the integral role that Medical Coders play is only set to become more crucial in the future.
– Not only is the industry set to expand rapidly but professionals in it can also expect to find themselves extremely well placed.
This is because the current demand-supply gap for Medical Coders and Billers is at a whopping 40%!
Not only is this a massive gap to insert yourself into, it has also been growing over the past two years. This will, inevitably, lead to a higher expected pay for salaried professionals working in the field.
– If you’re not someone who wants to be tied down with a fixed job, then the industry is also highly conducive to freelancing.
With around 80% of the industry’s work in the US outsourced to countries like India, the demand for freelance workers has never been higher.
– You also get a wide range of career locations as a Medical Coder or Biller. You can easily expect to settle in and work out of countries such as the US and the UK which have implemented EHR (Electronic Health Record) systems. At the same time, the demand for Medical Coders is set to grow at exponential levels in India as well due to the launch of government schemes such as Ayushman Bharat.
Why Elate Academy?
As a Medical Coder or Biller, you will be expected to fluently and expertly deal with large volumes of data every day. Needless to say, you’ll have to be skilled at executing coding or performing billing follow-up procedures with precision.