Why Medical Billing & Coding Certification?
Welcome to MedicalBillingAndCoding.org (MB&C for short), your source for the essential medical billing and coding certification guides and free education courseware. In addition to the many guides and resources found on MB&C, we also host an original series of videos designed to take you through the entirety of medical billing and coding certification and education.
What Is Medical Billing and Coding?
Medical billing and coding is the process of preparing invoices for patients and insurance companies for payment and/or reimbursement, as well as translating medical procedures, prescriptions, and diagnoses into a code used within the healthcare industry.
Billing and coding are two separate tasks, but often workers in this field are capable of handling both responsibilities. Watch our video series to learn more about what medical billers and coders do, and how you can become one.
While there is no certification attached to our curriculum of videos, you can think of the series as either a unique introduction to the field or as an excellent supplement to your formal education or recertification efforts. Each video is paired with a complete transcript, meaning the material can be parsed as you see fit.
Whether you prefer our videos or our comprehensive written guides, we will be sure to take you through every aspect of the medical billing and coding professions ― from an in-depth explanation of the code sets medical coders use for diagnostic and procedural documentation to a survey of medical claims and their impact on reimbursement.
We also discuss billing for Medicare, Medicaid, and other third-party payers, as well as the regulations enforced under the Health Information Privacy and Accountability Act (HIPAA). In each video and guide, you will learn new vocabulary terms, important concepts, and useful guidelines — all information professionals in the field are expected to know. But before you dive into our site and kick-start a medical billing and coding career, we feel it is important to account for the rise of the medical billing and coding profession as a whole.
Why Medical Billing and Coding Now?
According to the Bureau of Labor Statistics (BLS), the field of health information (which includes coding and billing) is expected to increase in size by 21 percent over the next ten years. There are a number of reasons the twin fields of medical billing and medical coding are expanding at such an impressive rate.
- American demand for health care is growing. By 2030, the number of Americans over 65 will double from 35 million to 70 million. As these populations age, they require more medical attention. By 2020, the number of annual doctor visits is expected to rise by 53 percent. That means a huge increase in the workload for every provider, which in turn means more work for billers and coders.
- Electronic health data is more important than ever. Today’s health care industry relies on digital systems to record key data for medical services, diagnoses, and medical claims. As electronic health transactions (which include claims) get more sophisticated, providers and payers will need employees able to accurately input, track, and analyze electronic health data.
- Billers and coders reduce provider costs. Medical billers work to get providers reimbursed in a timely manner. The sooner a provider is paid for the service they perform, the better. In some senses, a healthcare provider operates like any other business: they perform a service for an individual and then expect to be paid for that service. Delays like denied or rejected claims, due to inaccurate or insufficient information, slow down this vital process, leaving providers in the lurch.
Demand for billing and coding professionals is rising rapidly, but the field is also getting more competitive. As the operational responsibilities of these specialist expand, employers are expecting more. In fact, many organizations already prefer or require new hires to hold billing and coding certifications.
This is why we highly recommend attending a training program and working toward medical billing and coding certification. A strong background in the essential skills of the field, along with a certification from a leading organization, will ensure you are ahead of the game. But the best place to start your journey is with our introductory video series, “What is Medical Billing and Coding?“. This five-part series explains in great detail what the billing and coding professions, respectively, have to offer.
This site (and all content therein) is not affiliated with, sponsored by, or otherwise endorsed by the AAPC or any of its affiliates. This site does not conduct tests, or provide educational preparatory services for tests, provided by the AAPC or any other entity.Show more