November 19, 2012 by Staff Writers
Is Medical Billing and Coding a Good Career?
A career in medical billing and coding can be a great option due to an anticipated growth of employment in the industry and low educational requirements. The U.S. Bureau of Labor Statistics (BLS) anticipates employment of medical records and health information technicians, which includes medical billers and coders, to increase 21% from 2010 to 2020, which is faster than average for all occupations. Growth is expected due to an expected increase in demand for medical services by an aging baby boomer population. Specialists will also be needed as the use of electronic health records becomes more widespread.
Another benefit to a medical billing and coding career is the relatively low educational requirements. Many medical billers and coders need only a postsecondary certificate or an associate degree to qualify for entry-level employment. This means you won’t have to spend a lot of time and money earning a bachelor’s or master’s degree just to start earning an income. In some cases a medical biller and coder who has a certificate could earn as much as a professional with a bachelor’s degree. For example, medical records and health information technicians earned a median annual income of $32,350 in May 2010, while rehabilitation counselors who have master’s degrees earned a median salary of $32,350, according to the BLS.
There are other perks to a medical billing and coding career besides job availability and salary. For instance, it gives you the opportunity to work within the medical industry without needing to provide treatment to patients. Many specialists work full time in hospitals and medical offices, and the occupation also offers limited work from home opportunities. However, it’s good to keep in mind that the projections mentioned in this post are no guarantee of the availability of employment or actual salary.