Medical Coding is the process of converting healthcare procedures/diagnosis, medical equipments/services into universally accepted 7 digit alphanumeric codes. The diagnoses and procedures are sources from Electronic Health record (EHR) which comprises transcriptions of physicians notes, physician voice files, lab results, radiology results, clinical statements.
The medical coding sector took off well after the transition from ICD 9-CM to ICD 10-CM in 2015 and there was a steep growth in all verticals across the healthcare services management industry leading to increase of 10 – 12 million job opportunities for medical coders.
Medical coding is being increasingly used in the present scenario, to create a proper record of patient care, streamline the medical billing process, accelerate payments to physicians, and identify the healthcare areas that require focus.
Major factors propelling the growth of the market include the escalating demand for coding services, rising need for a universal language to reduce frauds and misinterpretations associated with insurance claims, and high demand to streamline hospital billing procedures.
The Medical Coding and Billing Industry has met the cutting edge of information technology due to which there have been several channels opened towards placements in the health information field. These open doors have diversified and created platforms for the aspiring generation who have laid their career in the health information field.
Medical Coders and Billers play an important role in the financial success of private practices and other healthcare facilities. The greater the expertise of the Medical Coder in identifying relevant diagnoses for patient encounters, the greater the insurance reimbursement to the physician this field generates medical coders who specialize in coding after a thorough training program and a certification process. The American Academy of professional coders (www.aapc.com) and American Health Information Management Association (www.ahima.org) offers certification.
There is a high demand for medical billers and coders in the current job market. Thus, coding-related jobs are expanding, due to the growing landscape of the business side of healthcare, along with their efficiency to automate large amounts of work. Hence, the escalating demand for coding jobs is likely to drive the market studied across the world.
In fact, according to the US Bureau of Labor Statistics, Healthcare is the largest U.S. industry, making this career a sound choice and healthcare support professionals, including Medical Coders, are one of the 10 fastest-growing allied health occupations, and, studies show that Certified Coders and Billers are paid accordingly for their exceptional medical coding and billing skills. Transorze Offers 100% Job Oriented and Certification oriented.
The technological advancements in the healthcare industry and constantly changing classification systems are expected to create potential revenue opportunities for players operating in the target market over the forecast period.
In addition, data security is a major concern for healthcare organizations, and offshore coding companies are also becoming aware of these data security concerns, while understanding that breach in a client’s data is likely to result in the loss of business. Thus, leading offshore coding firms are building a secure environment for the coders to work in.
Certification courses for coding & billing are provided by two American institutes, the American Academy of Professional Coders (AAPC) and the American Health Information Management Association (AHIMA). The certificates provided by these associations are valid throughout the US and in India, and recently in Gulf countries like Dubai and Abu Dhabi, which have also begun implementing the training and certification provided by these institutes.
While there are several types of credentials by which one can become certified, the Certified Professional Coder (CPC) and the Certified Coding Specialist (CCS) are the most popular.
CPC (Certified Professional Coder) is a certification that is awarded by AAPC (American Academy for Professional Coders) and is the most recognized credential worldwide. In most countries like USA, Middle East, UK etc. it is mandatory to clear the CPC exam in order to get a job. In India, it is possible to get a job without CPC certification but salaries slabs are lower than that of CPC certified medical coders
CPC Certified Medical Coders have a great career opportunity in India, UAE, Philippines, Canada and various other countries. Call +91-9495833319 or enquire today for more details.
The process of insurance claims involves the following steps:
Medical coding jobs involve administrative tasks that demand a keen eye for detail, especially because it is a coder’s primary job to assign accurate codes for each claim. When the claim involves amounts over a certain limit, the insurance company has its medical staff review the claim and validate the payment based on various factors such as eligibility, medical necessity, etc. If validated, the claims are reimbursed to the patient. On the other hand, if a claim is rejected or denied for some reason, it is usually returned to the provider with an explanation. Thus, an insurance claim begins with a patient visiting a healthcare provider and ends with him/her receiving a payment from the patient’s insurance carrier.
Billing involves ensuring the correctness of the claim amount. This might necessitate speaking with patients and/or the insurance companies. It requires learning to read medical invoices and understanding the coding language. Medical Coding, however, does not require interaction with either the insurance companies or the patients. A coder simply analyses clinical statements and transforms the verbal description of diseases, injuries, conditions, and procedures into codes.
Medical coders also known as clinical coders or medical records technician analyse the EHRs and assign the relevant code using the standard classification system. The use of standard classification facilitates the health insurance providers to map the services provided by different service providers who may use varied medical terminology or abbreviations in the claim forms.
Medical coding leads to a very lucrative career. An average medical coder makes approx USD 21 per hour or USD 45000 per year.
The medical coding jobs are expected to increase by 13% in 2026 as against 7% growth in other sectors. This boost has been given by an aging population, and also more diseases are being assigned codes.
There was a transition from ICD 9 to ICD 10 in 2016.
Pay scale of medical coder ranges from USD 50,000 to USD 60,000 per year. The remuneration for such roles increases dramatically after completion of the CPC, (Certified Professional Coder) the industry-recognized certification course.
Why should one take the Medical Coding and Billing Course?
Qualification: Any Graduate
Start your new career in Medical Coding in as little as three months. In Transorze Medical Coding program, you’ll practice real-world examples of coding and how to manage records. We also have specialized courses for equipping you for CPC Certification and ICD-10 Coding. We’ll help you succeed with expert instruction from dedicated faculty members with real-world experience. Transorze provides both classroom and online programs with personalized student support.
This program provides everything you’ll need to prepare for a better future and land in an assured job in 12 weeks.
Transorze provides the best medical coding training in Kerala, India. Our trainers are CPC-certified and have a rich experience in the field of medical coding. Transorze provides hands on training with exposure to real life situations.
Pay course fee in instalments
A person involved in Coding & Billing requires intense preparation and training.
After training a Medical Coder / Biller can:
Benefits of Online Training
ELIGIBILITY – Any Graduation
COURSE TYPE – Online & Classroom
DURATION – 3.5 Months (200 Hours of Materials)
INDUSTRY EXPERT’S ASSISTANCE – Weekly 2 hours classes by CPC certified senior faculties with experience from reputed organizations (Mode of Instruction: Online).
ICD-10 Training in India imparts an extensive knowledge of the healthcare industry. Medical coding training covers detailed medical terminology, medical coding and billing aspects. Medical Coding, Billing training in India is for 2 to 3 months.
ELIGIBILITY – Knowledge in ICD-09 & Graduation
COURSE TYPE – Online & Classroom
DURATION – 4 Weeks
INDUSTRY EXPERT’S ASSISTANCE – Weekly 2 hours classes by CPC certified senior faculties with experience from reputed organizations (Mode of Instruction: Online)