Medical insurance billing is a specialized career within the medical billing and coding field. With any type of career that falls under the medical billing and coding umbrella, you have a very good chance of experiencing steady job growth as well as ongoing opportunities to increase your overall income. This continues to be an industry that regularly experiences growth, so the overall medical insurance billing job outlook for these professionals is excellent.
Medical insurance billing job require a unique combination of skills in order to be successful. To start, you must be familiar with insurance procedures and how to properly file insurance claims.
The usual responsibilities of a medical insurance billing professional include coding insurance claims, interpreting information from patients’ insurance cards, and staying in compliance with government and insurance regulations. It is extremely important that professionals within this field not only have a solid understanding of these policies, but they also need to regularly participate in continuing education programs in order to remain knowledgeable about changes within the industry.
Professionals who work as medical insurance billers may work in a variety of different settings, such as clinics, hospitals, doctor’s offices, and insurance companies. They may also be employed with mental health clinics or surgical centers.
Even though most employers do not specifically require applicants for these jobs to have a particular type of degree or certification, the reality is that if you possess one of these you will be much more likely to make a positive impression on potential clients. The three different types of degrees that are most commonly sought by aspiring medical billers and coders are associate’s degrees, technical certifications, and bachelor’s degrees.
In addition to seeking out certifications and licenses within your field, you also need to possess general computer knowledge, have an aptitude for proper billing and coding procedures, and have some familiarity with different types of billing software.
Potential employers will likely test your knowledge of the various ICD-9 codes that you will need to use on a daily basis, so this is something you should be prepared for once you start going on interviews. You should also be prepared to provide a detailed description that will let clients know how you plan to handle their workload every day. Providing interested clients with this kind of specific information will go a long way towards convincing them that your company is the right one for the job.
While the knowledge of one kind of billing software should sufficiently enable you to launch a successful medical billing and coding career within this field, the more software programs you have usable knowledge of, the better. Employers and clients tend to view this kind of diversity as a positive attribute that provides them with some flexibility in terms of the software programs they are able to choose to use within their businesses.
The health care industry, as a whole, continues to grow and strengthen with every passing year. The primary reason for this is that people of all ages and stages of life are in need of regular, reliable health care. Because of this, the projected outlook for medical insurance billing job is expected to be quite good for at least the next ten years.