According to USA Today, the need for medical professionals is expected to grow exponentially over the next decade as baby boomers continue to age, retire, and begin to require elderly care. When hearing this, many make the mistake of thinking that “medical professional” is a term reserved only for doctors, nurses, and the like. However, aides, techs, and medical billing and coding specialists are also crucial parts to a vibrant, functional healthcare system.
At the same time as the need for healthcare workers is increasing, Americans are facing an economic crunch in a way they have not for nearly a century. According to CNN Money, 76% of Americans are living paycheck to paycheck. Many Americans are only offered part time jobs in order for businesses to cut costs. However, as will be seen, becoming a medical billing specialist is a great way to avoid these issues and improve your quality of life.
- The Field is Growing
- Pay is Competitive
- Help Your Fellow Man
The Bureau of Labor Statistics currently lists 179,500 medical coding and billing jobs as being available across the country. Job availability and security are only expected to grow as the country’s need for medical workers continues to skyrocket. In fact, the medical coding and billings field is growing at a much faster rate than the average job growth rate in most other sectors. After all, people will continue to be sick and will continue to need others who can assist in making them healthy again.
According to the U.S. Bureau of Labor Statistics, medical coding and billing professionals make an average of $15.55 per hour. However, yearly salary amounts increase as workers gain experience and demonstrate their excellence in the field. At more than double the federally mandated minimum wage, medical billing service professionals have a chance to carve out a great living for themselves.
Besides the job security and competitive pay, many people get into medical billing services because they are genuinely interested in helping out their fellow man. Medical coding and billing professionals submit data pertaining to patients’ medical diagnoses, maintaining medical records and updating health insurance companies for reimbursement requirements. This is a job about details. These details help to ensure accurate care of patients and the financial well-being of healthcare providers.
If you are looking for a challenging job that pays well, then consider getting into the medical coding and billing field. Doing so will grant you entry into the medical field, a great choice for anyone interested in a secure job that also lets them help other people in a real way. What are you waiting for? Start searching for a great job in medical coding today.