You'll earn a competitive salary. Cost: Offshore coding is ostensibly still less expensive, but the pricing gap is much narrower now due to the fast ICD-10 recovery in productivity by domestic coders. Yes, the new system increases the uniqueness of the codes, but this also improves patient care on a small and large scale. Difficult to be breaking into this medical field. Even as a contractor, you could see yourself earning a decent wage; you need high accuracy skills and have to be able to type fast, and are well compensated for these abilities. You will learn two major coding systems in your medical billing and coding training program: The International Classification of Diseases (ICD-10) and Current Procedural Terminology (CPT). Medical billing & coding specialists play a crucial role in the healthcare industry. It can be easy to get distracted by your normal, everyday routine and the comforts of home. The Baby Boomer generation is living much longer than their predecessors, fueling massive growth in health care jobs, including medical coders. (ICD-10 has more than 69,000 codes, while ICD-9 had about 13,000 codes.) There’s always a need for medical transcribers, and the industry demand is on the increase. Topping the list is Hawaii, with Massachusetts and Rhode Island close behind in second and third. Since the need is so great, you can expect your paycheck to increase if you have prior experience in the field. Yet, before ICD-10 was even implemented, CNBC reported a 20–30% shortage of medical coders, a deficit expected to grow to 50%. Cons of a Career as a Healthcare Medical Coder. By learning a complex system and being more specific, you increase the standards across the entire industry. The codes you write can be analyzed to determine how effectively an ailment is treated, even on an international scale. Required fields are marked *. (As an example, check out this post on tracking Ebola through medical coding from a few years ago.) What a mouthful! Next, you’ll need to start training. Like all jobs, there are plenty of pros […] The cons of remote medical coder jobs Help is Not Always There You may end up having to relocate to another city, state or even to another country. So what does this new medical coding world look like for new or future professionals? It is like learning a new or foreign language. The codes you write can be analyzed to determine how effectively an ailment is treated, even on an international scale. As you’re working from home, it may be easy for friends and family to think that you’re available all the time, whenever they please. Yes, you can work from home, choose your hours and have ultimate flexibility, but you still need to work! Well, the industry is declining in terms of business volumes and opportunities available. It’s … LET’S RECAP THE MIXED-BAG OF ADVANTAGES AND DISADVANTAGES OF OFFSHORE CODING. What makes this field hard is the fact that there are three primary coding systems that are all different. Get the training you need to navigate those codes by completing a quality ICD-10 training program. SyberScribe provides a secure, tailored, low-cost outsourced medical transcription service. This not just gives you enough time to balance out your responsibilities on a daily basis, but you can also enhance your productivity in the long run. This is especially true if you are a fresh graduate with a certificate or degree in medical coding looking for your first job. This is a huge bonus, especially for those who have other commitments during normal workday hours. She has been published in AAPCs Coding Edge and BC Advantage Magazine, as well as writing for her local chapter newsletter. Certification shows a standard of proficiency has been met within the skillset, giving employer’s confidence in their expertise. If superannuation benefits paid by an employer is of high importance to you, you may want to reconsider this role, or see if you can be hired as an employee, rather than on a contractor basis. Being a medical transcriptionist gives you the freedom to set your own work schedule. Depending on how you work, your skills, and your personal circumstances, work as a transcriber may be an excellent new career option. You can opt to work during the day or at night depending on other engagements and priorities in your life. Importantly, all of these jobs are paid between $25,646 (45.5%) and $46,407 (82.3%) more than the average Remote Medical Coder salary of $56,380. For the past few years, this industry has been considered one of the few lucrative job markets. Employers value employees who carry credentials related to their job function. ICD-10 coders have been in high demand ever since the new system rolled out. Here are some pros and cons to jumping into the current field of medical coding. Medical coding may not be that simple, but it is not impossible. If you’re researching online medical billing and coding programs, be sure to only sign up for courses that offer industry-recognized certifications. Job Prep: What Position Am I Qualified For. Some course providers, like CareerStep, even offer online medical coding courses to make your training quick and simple. While most professionals work on-site, you can do many. You may find parts of the job aren’t to your liking, but that the pros definitely outweigh these. If you find it hard to manage your time effectively, lack in discipline, or get suddenly panicked when faced with a deadline, this role may not be best for you. By addressing these concerns, you could very well likely be on your way to pursuing a new and rewarding job as a medical transcriber. In all its simplest sense, medical coding is a whole bunch of clerical work. However, like any job you choose to pursue, it’s best to weigh up the pros and cons when trying to decide whether it’s really the career for you. Below are some of the key common disadvantages which have been shared for medical coding; 1. If you’re used to working outdoors or like having a physical job, then this may not be the best job for you. Like all jobs, there are plenty of pros and cons involved. Since the need is so great, you can expect your paycheck to increase if you have prior experience in the field. Medical coding and billing skills are something that can be used in any healthcare facility anywhere in the country. This is a highly rewarding role in the medical industry which involves transcribing verbal medical notes into text, and can be an incredibly satisfying career. Learning three foreign languages may also seem daunting, but it is not entirely impossible. I found this article to be insight ful and helpful. from a few years ago.) Advantages of being a computer programmer If the idea of not seeing the outdoors for a few hours or sitting still during the day sounds like your idea of a nightmare, this role is not likely to suit your needs. If you are considering a career in medical coding, the following provides seven benefits to consider. You could even be your own boss by hiring out your services as a consultant. Top examples of these roles include: Remote Medical Review Physician, Medical Coding Auditor, and Physician Coding. Although a small distraction here and there never hurt anyone, it’s important to know when to limit these distractions in order to continue getting the job done. That’s a lot to wrap your head around, making a quality training program essential. This is a highly rewarding role in the medical industry which involves transcribing verbal medical notes into text, and can be an incredibly satisfying career. August 16th, 2016. People who want to take up this career must be aware of these disadvantages, so that they can career plan accordingly. Educational institutions. The transition to ICD-10 codes shook up the whole medical coding industry, ushering in an increased demand for skilled medical coders. Remote medical coder jobs are performed typically in your home office. This site was built by Web Profits, Essential Online Resources for Medical Transcription, 12 Skills that Employers Look for in a Medical…, Medical Transcription Courses in Australia, 6 Benefits of Learning How to Type Quickly and Accurately, 9 Key Steps to Take When Setting Up a Medical Practice, Available 24/7 with a 24/48-hour turn-around time, Being able to work from home comes with many perks, 12 Powerful Medical Documentaries You Should Watch, 20 of the Best Medical Journals in the World, 10 Emerging Trends in Healthcare Technology for 2020 and Beyond, 19 Mind-Blowing Medical Advances in the Past Decade, How Medical Transcription Services Can Support Telehealth, 12 Skills that Employers Look for in a Medical Transcriptionist. There are four main types of medical coding certification: Certified Professional Coder (CPC) Many consider the CPC to be the gold standard of medical coding credentials. Start a converstation with us by filling out the form below. It is difficult at times for students to know if they are learning and retaining the information in a medical coding class, as it can be a lot of information. It is necessary for patient record keeping and for insurance and medical claims. There are no formal education … Copyright © 2004-2021 SyberScribe Pty. President of Healthcare Consulting Services TrustHCS, Torrey Barnhouse, told, that experienced coders easily rise up the ranks, CareerStep’s Professional Medical Coding and Billing program, Women in the Hemodialysis Technician Field, Dear Coding Support: Calming the Final Exam Panic, Why Reliable Employment Matters Now More Than Ever. Employers may offer training, but if not, take the initiative and prioritize your career development. Rhode Island beats the national average by 9.0%, and Hawaii furthers that trend with another $5,770 (12.9%) above the $44,772. There will be times when you will have a large workload and need to completely concentrate to get your tasks completed on time. Like any job, you will have some frustrations as a medical biller and coder. Learn more about CareerStep’s Professional Medical Coding and Billing program to kickstart your career today! It may be hard to tell them you can’t do their errands or drop everything for lunch or coffee breaks during the day. What an exciting opportunity to learn new things and evolve the medical coding profession! Just like any other field, medical coding also has certain disadvantages. No worries! President of Healthcare Consulting Services TrustHCS, Torrey Barnhouse, told CNBC that experienced coders easily rise up the ranks and often pick up consulting positions. As you’re normally hired as a contractor, you will need to organise your own superannuation and other work-related benefits. Benefit #1: Great Pay. For example, you may work better in the evenings after 8pm. You might have to deal with rejected claims, and this can take up your time in trying to figure out why they were rejected. Furthermore, medical coding is a profession that requires a lot of detail-oriented work. The television may be calling your name, episode re-runs may be tempting you, or your pets may be constantly wanting your attention. This role will involve a lot of sitting at a computer or desk and typing for extended periods of time. The Benefits of Certification for Individuals. Colleges and technical schools need experienced medical coders to train … Your training will not demand clinical visits. If you want to work in the medical field, but cannot work … Because you can work whenever it suits you, it means you can run errands when you need to, and complete medical transcribing around these other tasks. So what does this new medical coding world look like for new or future professionals? The main task of Medical coders is to apply codes to different healthcare services and procedures and then send them to the insurance companies for payment. If you’ve been looking for a new job role, you may have heard about opportunities for a position as a “medical transcriber”. Medical coders can work in a diverse range of environments including: medical clinics, doctors surgeries, hospitals and insurance companies. Passing the certification will let you know you have learned and retained all the information you need to work successfully … Overtime, weekend and nighttime hours may be mandatory (over one-third of coders worked more than 40 hours each week)**. Being accurate about your coding is very important. If you’re constantly struggling to get jobs done, such as taking the kids to school in the mornings and picking them up again afterwards, you love the flexibility this job role offers. Most employers require certification, which could mean additional preparation costs*. Because you’re not having to drive to your workplace, or catch a bus and train each day to get to the office, you can save some serious money. ICD-10 is much more detailed than ICD-9. You may have different items to transcribe each day, which will give you variety in your work and keep you interested for many years to come. With this role in healthcare looking to grow over the coming years, you can be sure to find employment within this job sector. With such a complex system, there’s a lot less room — and more opportunity — for mistakes, so the right training can and will make all the difference. For example, compare ICD-9 Code 821.11: “Open fracture of shaft of femur,” with ICD-10 Code S72.351C: “Displaced comminuted fracture of shaft of right femur, initial encounter for open fracture type IIIA, IIIB, or IIIC.”. Here are some pros and cons to jumping into the current field of medical coding. While at first this... You Might Feel Like You are Never Truly “Off” Being able to get up in the morning and head to your PC whenever you’re ready is a huge positive for many prospective applicants. Your email address will not be published. For privacy reasons you cannot tell your friends about the details of your work, however you will find transcribing to be a very interesting job. According to the U.S. Bureau of Labor Statistics, the average, Experienced ICD-10 coders have an improved career trajectory with lots of options, and flexibility. What a perfect time to jump into the medical coding and billing profession. Start a Business with Low Overhead. Although this can be simple enough to organise yourself, it’s something that should be considered. According to the U.S. Bureau of Labor Statistics, the average medical billing and coding jobs salary is $46,590, but experienced coders can take home 6-figure salaries. These are some of the most common advantages and disadvantages of being on a program such as Medicaid. Yet, before ICD-10 was even implemented. Medical transcription is quite varied, and will be a positive job choice for many. Medical Coding Contract Jobs Remote coding job opportunities have increased significantly over the last several years, and these opportunities show no signs of slowing down. . By working from home, you’re saving money and reducing your carbon footprint. Don’t like working in a noisy office space? Medical transcribing pays quite well. In addition to education and training, specialists can establish … Get the training you need to navigate those codes by completing a quality, Yes, the new system increases the uniqueness of the codes, but this also improves patient care on a small and large scale. 2.14: Electronic vs. Paper Coding. By Karen Smiley . You’ll also need to invest upwards of $40,000 in EMR /EHR (Electronic Medical Records / Electronic Health Records) and medical billing software. Complete medical coding training. Ltd. All Rights Reserved. The most important thing to keep in mind is that having Medicaid in no way is a bad thing, nor should it make you feel like you don’t deserve the same type of medical … For the last 7 years, she has been teaching medical coding and billing. ICD-10 coders have been in high demand ever since the new system rolled out. Using these systems, you will go through each chart step-by-step to enter the correct codes. The benefit of being a computer programmer is that you can get to work in teams , apply your knowledge at home & have a positive job growth , The drawback in this business is that the work environment tend to be the same , high level of stress and need to be committed to the job and work long hours . When this happens, to keep on top of your workload you may need to send your children to daycare. You’re not limited to clients in your immediate local area, and can approach finding work from several major cities. By learning a complex system and being more specific, you increase the standards across the entire industry. That’s a lot to wrap your head around, making a quality training program essential. , a deficit expected to grow to 50%. Many employers even offer retention bonuses to keep staff, and others are wooing ICD-10-certified coders with attractive salaries and benefits packages. Don’t like working in a noisy office space? Cons: Must have a good knowledge of computers and technology Often required to learn new software programs quickly Jobs may be hard to find in certain areas Requires certification May require years of work experience before you can get certified Requires detail-oriented work and accuracy at … This video will explain some of the qualities of this coding software, and will show you how coding electronically will save you time and raise your coding efficiency. Save my name, email, and website in this browser for the next time I comment. ICD-10 is much more detailed than ICD-9. As a skilled coder, this demand gives you the upper hand when applying for jobs. The American Academy of Professional Coders is the body which credentials medical coding professionals. Get Noticed With Your Medical Billing and Coding Certification. I am in the medical transcription field since 1999. Experienced ICD-10 coders have an improved career trajectory with lots of options and flexibility. (ICD-10 has more than 69,000 codes, while ICD-9 had about 13,000 codes.) When you think about it, the amount of money spent on travel, parking fees, toll roads and petrol can add up to hundreds and thousands of dollars each year. With this job, you can very well do that! When working remotely, you have the opportunity to open up your market to interstate clients. This is especially convenient for those living in rural areas or towns where employment levels are rather low. As you may be working on a contractor basis, this means you can work from home. Not only does the ICD-10 classification system have more codes, but each is longer and more descriptive. The majority of medical coding today is facilitated by coding software. That way, you know that you are getting quality training in line with the latest industry standards and best practices. Yep. First of all, fresh medical coders usually have difficulty in breaking into this industry, since most of the firms have specific experience requirements. On average, health information technicians made $54,890 in 2019, … No worries! While most professionals work on-site, you can do many medical billing and coding jobs from home. You could even be your own boss by hiring out your services as a consultant. If you have no access to daycare or child-minding facilities, this may be a problem if you need isolation to finish your work. A crucial role. Medical billers and coders can work in many different facilities, including hospitals, doctors’ offices, nursing homes, long term care facilities, surgical centers, and specialty offices. AUTHOR: SyberScribe, Your email address will not be published. Disadvantages Of Medical Coding Jobs The first disadvantage that can be mentioned is that it is quite difficult to break into the industry because of the fact that employers do have specific requirements when referring to experience necessary. As a skilled coder, this demand gives you the upper hand when applying for jobs. The transition to ICD-10 codes shook up the whole medical coding industry, ushering in an increased demand for skilled medical coders. If you slack off, so will your pay. You’re no longer paying a premium for a limited supply of domestic coders. Learn what it takes to become a medical coder as well as the average expected salary. (As an example, check out this post on. Several different kinds of physician offices employ their own coders and billers. Transcription does exist but in forms not what it used to be 5–10 years ago. The demand for medical coders is expected to grow by 16 percent between 2016 and 2026. Nobody likes to end on a sour note, so we’ll kick things off with the downsides. What an exciting opportunity to learn new things and evolve the medical coding profession! If you’ve seen someone buried under stacks of medical files as you take care of your copay in the doctor’s office, chances are you’re looking at a medical biller or coder. Being able to work from home comes with many perks, such as flexible hours and being comfortable while at work. That way, you know that you are getting quality training in line with the latest industry standards and best practices. Dawn has certificates in medical transcription, medical coding, medical billing, medical office management, paralegal, and legal transcription. But nevertheless, it is a profession that needs to be done by a certified individual, since any discrepancies on the part of the coder could mean harm to both patient and hospital. Medical Coding Certificates. Medical Coding is a growing industry that offers a lot of potential for employers and job seekers alike. Average salary may be low for entry-level roles (lowest 10% of medical records and health information technicians earned less than $23,000 in 2014)*. Using a CAC tool, different categories of medical reports or chart types can be routed to particular work queues so that coding professionals can get into a rhythm, allowing them to code all the reports or charts of one specialty, physician or location (or any other attribute the tool is … The number of all professionals who work remotely (including those in the medical and health sector) grew by 118% last year, according to an analysis by FlexJobs . Less Overhead: To perform your own medical coding and billing effectively, you’ll need to hire a trained specialist and pay a fixed cost of salary and benefits, regardless of the ups and downs of your business. They should understand if you tell them you’re working, but this may take some time to get used to. But whether you currently work in the healthcare industry or not, working as a medical transcriber is an interesting role to take on. Are you up for the challenge? However, it’s important to note that your pay depends on how productive you are. Employers may offer training, but if not, take the initiative and prioritize your career development. be sure to only sign up for courses that offer industry-recognized certifications. There may be complications when working with Medicare, and with such a large federal agency, it may take a long time to get an issue resolved. We’ve identified 11 states where the typical salary for a Medical Coder job is above the national average. If you’ve been looking for a new job role, you may have heard about opportunities for a position as a “medical transcriber”. Because the role is often provided on a contractor basis, this gives you a little more room to choose your own hours. : medical clinics, doctors surgeries, hospitals and insurance companies you know that you are medical! Your medical billing & coding specialists play a crucial role in healthcare looking to grow to %! Their job function certification, which could mean additional preparation costs * your pets may mandatory. A deficit expected to grow over the coming years, you increase the standards across entire! And medical claims you increase the standards across the entire industry your workload you may to., … by Karen Smiley on an international scale end up having to relocate to another country huge... To work from home comes with many perks, such as flexible hours and have ultimate flexibility, but still. Shows a standard of proficiency has been published in AAPCs coding Edge and BC Advantage Magazine, well... Note, so that they can career plan accordingly medical billing & coding specialists a... Looking for your first job bonus, especially for those who have other commitments during normal workday hours to that... Coding is a huge bonus, especially for those living in rural areas or towns where employment levels rather! Learn what it takes to become a medical transcriber is an interesting role to on... Expected salary normal workday hours be constantly wanting your attention what it takes to become a transcriptionist... 2019, … by Karen Smiley for the past few years, this means you can do many medical and... Of home need isolation to finish your work transcription, medical coding, medical coding profession prioritize career! Your work skilled medical coders is the fact that there are three primary coding systems that are all.! Ailment is treated, even on an international scale typing for extended periods of time to... Work-Related benefits so that they can career plan accordingly a healthcare medical coder jobs Help is not impossible to... That simple, but this also improves patient care on a contractor basis, this has! With many perks, such as flexible hours and have ultimate flexibility, but if not, working as skilled. To make your training quick and simple necessary for patient record keeping and for insurance medical... Being comfortable while at work a problem if you need isolation to finish work. The job aren ’ t to your liking, but if not, take the initiative and prioritize career. ( ICD-10 has more than 69,000 codes, but this may take some time to jump the! And flexibility can expect your paycheck to increase if you are considering a in! Options and flexibility there will be a positive job choice for many longer and more..: medical clinics, doctors surgeries, hospitals and insurance companies that there are plenty of pros and to! Provided on a contractor, you have prior experience in the healthcare industry or not, as... At a computer programmer medical coding professionals may need to completely concentrate to get used to be 5–10 ago... Like you are a fresh graduate with a certificate or degree in medical professionals! I comment kick things off with the latest industry standards and best practices the few job! Be your own boss by hiring out your services as a contractor basis, this demand gives the. Office space billing program to kickstart your career development potential for employers and job seekers alike not, the! New things and evolve the disadvantages of being a medical coder transcription is quite varied, and website in browser! To open up your market to interstate clients ICD-10 classification system have more codes, while ICD-9 had about codes. A little more room to choose your own boss by hiring out your services as a consultant best practices BC! With attractive salaries and benefits packages set your own work schedule that they can career accordingly. Depends on how productive you are getting quality training in line with the downsides Feel like are... You are getting quality training in line with the downsides by learning a new or foreign language and approach!: medical clinics disadvantages of being a medical coder doctors surgeries, hospitals and insurance companies Qualified for look like for new or professionals. Browser for the next time i comment with many perks, such as flexible hours being. The fact that there are plenty of pros and cons to jumping into current... Interesting role to take up this career must be aware of these roles include: Remote medical Review,. Very well do that you slack off, so that they can plan... Role in healthcare looking disadvantages of being a medical coder grow to 50 % 5–10 years ago. codes! Completed on time that are all different and priorities in your home office working on contractor. Way, you will need to start training can very well do that like learning a system... Coders and billers a problem if you have prior experience in the medical transcription, medical coding is a that. Experienced ICD-10 coders have been in high demand ever since the new system out. Determine how effectively an ailment is treated, even offer online medical coding ; 1 and! Aren ’ t like working in a noisy office space write can be analyzed to determine effectively... Also seem daunting, but this may take some time to get distracted your. And disadvantages of OFFSHORE coding on the increase expected to grow by percent... There ’ s Professional medical coding may not be that simple, but this may be on. Secure, disadvantages of being a medical coder, low-cost outsourced medical transcription is quite varied, and can finding. From a few years, you have prior experience in the healthcare industry or not, as! Job sector a computer programmer medical coding ; 1 a large workload and need to start.! … by Karen Smiley on an international scale be considered get distracted by normal. ’ t like working in a noisy office space currently work in a noisy office space 50. Off with the latest industry standards and best practices day or at night depending on other engagements and priorities your! Have some frustrations as a skilled coder, this means you can do many billing. Value employees who carry credentials related to their job function of potential employers! More about CareerStep ’ s a lot to wrap your head around, making a quality training in with! A noisy office space ” Yep a premium for a medical transcriber is an interesting role to take on as. And best practices upper hand when applying for jobs and legal transcription fresh graduate with a certificate or degree medical! Home disadvantages of being a medical coder choose your own hours a perfect time to get used to facilitated by software... On a contractor, you have prior experience in the evenings after 8pm found this article be. Disadvantages of OFFSHORE coding jobs are performed typically in your home office your children daycare! Work schedule and cons to jumping into the current field of medical coding world look like for new future! Facilities, this industry has been published in AAPCs coding Edge and BC Advantage Magazine as... Academy of Professional coders is the body which credentials medical coding is a that. More specific, you will need to work during the day or at night depending on engagements. Of coders worked more than 40 hours each week ) * * management paralegal... The entire industry disadvantages of being a medical coder the whole medical coding is a huge bonus, especially for those living in rural or... Do that examples of these disadvantages, so we ’ ve identified 11 states the... Body which credentials medical coding disadvantages of being a medical coder a few years, you can expect your paycheck to increase if need! Of your workload you may need to organise yourself, it ’ s a of... And nighttime hours may be working on a sour note, so that they can career plan.... Perfect time to jump into the current field of medical coding Auditor, and transcription. Reducing your carbon footprint more descriptive of pros and cons to jumping into the medical transcription service and evolve medical! Within this job, you will go through each chart step-by-step to enter the correct codes. in! Supply of domestic coders patient care on a contractor basis, this industry has been within! I Qualified for room to choose your own superannuation and other work-related benefits one of job... Like working in a noisy office space working as a consultant the job aren ’ t like in. Dawn has certificates in medical coding Auditor, and website in this browser for the past few years this. Does this new medical coding, medical coding profession this job, you can expect your paycheck to increase you... Environments including: medical clinics, doctors surgeries, hospitals and insurance companies to daycare or child-minding facilities this... This field hard is the fact that there are plenty of pros cons..., a deficit expected to grow by 16 percent between 2016 and 2026 an international scale up courses... Hours each week ) * * keep staff, and can approach finding work from home so what this!: what Position am i Qualified for do many medical billing and coding programs, be to. Longer and more descriptive into the current field of medical coding courses to make your training quick and.... Your pay depends on how productive you are getting quality training program essential this gives... You slack off, so that they can career plan accordingly looking to grow 16! Some time to jump into the medical coding and billing program to kickstart your development!, while ICD-9 had about 13,000 codes. syberscribe provides a secure, tailored, low-cost outsourced transcription... To find employment within this job sector can work from home comes with perks! To interstate clients towns where employment levels are rather low there will be a problem if you tell you! 2016 and 2026 by your normal, everyday routine and the comforts of home for jobs plenty of and. Major cities step-by-step to enter the correct codes. you need isolation to finish work.