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 according to the American Academy of Professional Coders (AAPC):
Myth #1: Medical coding is the same as medical billing.
Medical coders and billers sometimes work together, but medical coding and medical billing are distinct jobs. Medical coding focuses on patient records and translating medical data into numeric and alphanumeric codes. Whereas medical billers manage the financial aspects of processing and submitting coded data for medical claims.
Myth #2: You can learn medical coding on the job.
The reality is that it takes a few months to completely learn medical billing and coding skills. The size and complexity of the billing and coding information takes time and a complete curriculum to learn. You will need to take classes in medical terminology, anatomy, and pathophysiology to prepare for medical coding tasks. You will also need to learn the three common coding protocols in ICD-10, CPT-4 and HCPCS. All of this can be learned during a medical billing and coding program at a vocational school, allowing you to start working on day one of your new job.
Myth #3: 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 #4: 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 #5: 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.
Further, the advancement of technology is only going to increase the demand for medical billing and coding specialist. As people live longer because of advances in medicine, there will be more need for medical professionals to manage the seniors that require additional medical services, and with this will come additional coding and billing responsibilities.
Myth #6: 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!
Medical Billing and Coding Specialist
The Medical Billing and Coding Specialist Diploma Program is designed to prepare you to obtain entry-level positions in the medical billing and coding field through a combination of both clinical and administrative training. You will learn and practice how to use management software and electronic health records (EHR). You will further become proficient in medical insurance and billing using the ICD-10, CPT, and HCPCS II coding system manuals.
Ready to move from the classroom to a career? Florida Technical College is here to help. Contact us to learn more about completing the medical assistant technician diploma program, patient care technician program or medical billing and coding specialist program at Florida Technical College.
*These examples are intended to serve only as a general guide of possible employment opportunities. There are many factors that determine the job an individual may obtain, and Florida Technical College cannot guarantee its graduate any particular job. Some positions may require license or other certifications. We encourage you to research the requirements for the particular position you desire.