Medical coding is one of the fastest growing jobs in the healthcare sector. In recent days
healthcare industry is having a prosperous time creating stunning job opportunities. Medical
coding jobs is one in the league. This job is creating waves because of high pay packet and
amazing growth prospects. The forecast seems promising – Bureau of Labor Statistics states that
by 2022 there would be prolific 22% growth in medical coding job segment.
Medical coding is a job with a human face because it pertains to an industry which is based on care and compassion for human lives. The coders are into the work of translating written documents which contain diagnosis, operation procedures and other parameters sourced from physician’s prescriptions and laboratory reports, etc. into internationally accepted alphanumeric medical code numbers as per CPT®, ICD-10-CM, and HCPCS Level II coding standards.
Medical diagnosis, procedures, prescriptions and relevant documents clubbed together can be a huge manuscript which is hard for future references. In order to shorten and standardise the medical documentation medical coding is required. Coded medical records are easy for doctors, medical professionals and insurance companies worldwide to comprehend the reports with greater clarity.
Before applying for the job of medical coder one has to have the bright qualification and certifications like CPC, CIC, COC, CRC or CPC-P. The AAPC approved medical coding training institutes are extending best help forward for skills development, certification and placement of aspiring medical coders in healthcare domain.
The salary drawn by a medical coder is quite high. Certified medical coders can earn more than non-certified ones. The certified coders are given preference during interview and selection. The monetary value of the job is $ 17.22 per hour. On an average basis, a coder can earn as high as $ 44,026 per year.
Yes, medical coders can work remotely, from home or from a coworking venue. Even part time job seekers, housewives and people who have hearing and speech difficulties are finding this profession to be a boon.
Globally there is a high demand for medical coders across top-notch hospitals. The demand is escalating because there is a dearth of technical personnel who can document medical procedures and documents with internationally approved codes. In USA only 49% of the employers have medical coders on board. The same applies for Asian and European countries.
Government hospitals, multi-specialty hospitals, nursing homes and private clinics have mushroomed but hardly there are coders who can handle the medical coding job primarily due to lack of awareness about the job.
Indeed there is a high scope to be absorbed in healthcare industry as medical coding professionals in USA, India, UAE and the Philippines. The cherry on top is that medical coders can expand horizons and become a Certified Professional Medical Auditor, Certified Physician Practice Manager and Certified Professional Compliance Officer in later years.
Keeping this in purview many students are opting for medical coding certification at elite institutions.
Best companies who employ medical coding students: