In a diminishing market, coding seems to be a way out!

End to End Medical Billing Solutions
Call now 888-357-3226 (Toll Free)
http://www.medicalbillersandcoders.com
www.medicalbillersandcoders.com
Copyright ©-2013 MBC. All Rights Reserved.
Page 1 of 7
In a diminishing market, coding seems to be a
way out!
Affordable Care Act has increased work pressure for physicians but it has also
created various new job opportunities for medical coders. As millions of new
patients will be entering the US healthcare industry this year, practices will be
ne;eding skilled coders to sail through billing challenges and ensure timely
payments for rendered services. With the rise in demand, medical coding has
turned into one of the fastest growing professions in the country.

Page 2 of 7
Industry facts
 Approximately 40 million new patients will be entering the US healthcare
market due to Affordable Care Act and this will increase the need for
coding millions of new charts every year
 With the implementation of ICD-10, it will take approximately 30 minutes
for a coder to code an inpatient chart
 It has been estimated by the US Bureau of Labor Statistics that
employment for coders will be growing faster than average, increasing by
16% by 2016

Page 3 of 7
Why practices are in dire need of skilled coders?
In last few years, medical billing and coding has become extremely complex due
to new changes and regulations, such as:
 ICD-9-CM will be getting replaced by ICD-10 in 2015. This will require an
upgrade in transaction standards to version 5010 for which, qualified
coders will be in high demand as they will play an important role in
deciphering and assigning accurate codes
 Medical practices offering treatment to Medicare patients will have to
gear up for new code changes. This will be essential for maintaining

Page 4 of 7
stability in the cash flow. In order to keep up with the new trends in cost
reimbursement, experienced coders will be in high demand
 Hospital billing structure will be changed due to the Accountable Care
Organization model. This will increase number of patients and fuel the
demand for coders to align the entire procedure
Perks of being a medical coder in this diminishing market:
Healthcare reforms have increased workload on practices. Providers are finding it
difficult to balance patient care, billing, coding, documentation and various other
administrative tasks. To make sure that current market conditions don’t result in

Page 5 of 7
delayed or denied payments, practices are constantly looking for experienced
and certified medical coders.
 They have to interact with patients on a limited basis and mostly
communicate with doctors and health care professional regarding work
 As far as work settings are concerned, coders can enjoy a lot of flexibility.
They can get jobs in hospitals, nursing facilities, outpatient care clinics or
physicians’ office

Page 6 of 7
Seeking job opportunities with MBC:
Coders, proficient in new regulations and healthcare compliances are already
changing scope of their work through training and knowledge upgrading.
Medicalbillersandcoders.com has the largest consoritum of coders and billers,
delivering quality healthcare by caoturing accurate medical data. MBC has a
countrywide network of experienced coders and billers and special care is taken
to keep the team updated with current industry changes. MBC also tries bringing
coders and care providers together through its job board, catering to billers as
well as providers across the US.

Page 7 of 7
Related Posts:
 How Can Outsourcing Solve Medical Billing and Reimbursement
Challenges for Physicians in 2014?
 How can outsourcing help you Deal with Shortage of Trained
Medical Billers and Coders?
 Eliminate the Burden of Medical Billing and HIPAA Regulations with
a Billing Company
 Is Your Practice Prepared to Balance Medical Billing and Patient
Influx in 2014?

In a diminishing market, coding seems to be a way out!

Recommandé

Recommandé

Contenu connexe

Plus de Medical Billers and Coders

Plus de Medical Billers and Coders (19)

Dernier

Dernier (20)

In a diminishing market, coding seems to be a way out!