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Medical Coding and Billing: 4 Common Myths

Posted on May 4th, 2016 by FTC Online

Medical Coding and Billing: 4 Common Myths around these professions There are a lot of misconceptions concerning medical coding and billing since over the years, this industry has gained a lot of popularity. Here are some of the most common myths: Myth #1: There is only medical knowledge and material involved. Medical coding and billing professionals must have a good knowledge of medical terminology, anatomy and common diseases, among others. That is true; however, they must also need to know about: insurance policies coding guidelines HIPPA regulations have good math skills be detail oriented and organized   Medical coding and billing professionals must have the ability to read and understand detailed, extensive medical records. In addition, these professionals must be willing to communicate with physicians and insurance companies. Myth #2: Medical coding and billing jobs mostly involve data entry. Billing professionals must be familiar with different insurance company requirements whereas coding specialists must decipher a physician’s notes in order to choose the right code for billing purposes. A medical coder needs to first read and understand medical records or notes; then they must determine what information is relevant, and finally translate that information into codes. At Florida Technical College, you’ll be able to learn these and other skills when completing a Diploma or Associate’s Degree in Medical Billing and Coding. Myth #3: Systems will become automated in the years to come. The Bureau of Labor Statistics reports that the demand for Medical Records and Health Information Technicians will increase by 15% by 2024. The reason for this increase is due to the growth of the aging population, who will require more health care services. In order to perform these tasks appropriately, there will be more government regulations that will require more man-hours of labor. Myth #4: Medical coding and billing professionals work from home. Remote coding is becoming more popular as electronic record systems become adopted. If you wish to obtain entry-level experience, it will be most likely onsite, until you build coding expertise and are able to work independently. Professionals without experience are more likely to work under direct supervision. In the end, medical coding is similar to other careers. It requires education, dedication, hard work, and expertise. The harder you work, the more you will succeed. If you’re interested in getting a degree from the comfort of your own home and with the convenience of a flexible schedule, contact FTC today!   RELATED ARTICLES : Get Started in a Career in Medical Billing and Coding! 8 Questions to Ask When Searching for a Medical Billing Program How to Prepare for a Great New Career as a Medical Billing and Coding Specialist