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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

What’s the Difference Between Medical Billing & Medical Coding?

Posted on September 3rd, 2014 by Nathalie Turotte

The Difference Between Medical Billing & Medical Coding Medical Billing and Medical Coding are two separate skills but both are needed as one cannot function successfully without the other. They are the go-to person who communicates with the healthcare office where they are working to the health insurance companies. Medical Coding The medical coder is primarily responsible for abstracting and assigning the appropriate coding on claims. The coder must check various sources within the patient’s medical records: The transcription of doctor’s Laboratory test results Imagining studies   The code must then assign the following codes accordingly CPT Codes HCPCS Codes ICD-9 Codes ICD-10 Codes   A medical coder will be involved various tasks throughout their career. They may have to audit and re-file appeals of claims. They will communicate with the healthcare providers but hardly ever interact with the patients. They must be able to identify and apply up 144,000 different codes and communicate with the medical biller with the appropriate information necessary to process and file the claim with the insurance company. Medical Billing A medical biller is the person who processes, submits and follows up on claims with health insurance companies in order to receive payments for the services given by a healthcare provider. It is a tedious process that requires constant communication with the medical coder (if they are not the same person).You will need to understand medical insurance, the claims process, the appeals process and the impact on the practice’s revenue to successfully be able to optimize revenue performance. Medical Billing and Coding Together Medical billing and coding is often advertised as one skill purely because you cannot do one without the other. You cannot accurately bill someone without making sure all the codes are correctly addressed on insurance claims. That is why it is a synchronized skill. When you are considering the best schools to attend to learn medical billing and coding in Florida, from Pembroke Pines to Orlando, there is only one to consider, click here to find out.   RELATED ARTICLES A Medical Billing and Coding Diploma: the Path to Work-Life Balance? How to Prepare for a Great New Career as a Medical Billing and Coding Specialist Medical Coding and billing: 4 Common Myths

Why is Florida Technical College a better choice than a “normal” college?

Posted on August 14th, 2014 by Nathalie Turotte

  Florida Technical College It’s more flexible than a “normal” college. We have the flexibility that conventional colleges and universities lack with small classes for hands-on learning and day or night classes, where you can choose a schedule that works with your life. No required miscellaneous classes. Education is key to advance in most careers, but we understand that not everyone has the opportunity to pursue a traditional route, but that doesn’t mean that a degree should be out of reach. With Florida Technical College you get to quickly specialize in your chosen path so you can jump start your career!