Are you looking for medical coding classes in Silver Spring, Maryland? That’s a good decision! The health care industry is experiencing faster growth compared to other industries and since the demand for medical services both in the United States and around the world is increasing, the demand for medical billing and coding professionals is increasing as well.
Here are some interesting facts from the American Medical Billing Association along with some information from related United States government agencies.
A larger share of the US gross domestic product is spent on health care compared with other industrialized countries around the world according to the Agency for Healthcare Research and Quality. The US spends one-seventh of the country’s GDP on healthcare and it is the fastest growing area of the Federal budget.
Every year 35 million Americans are hospitalized and 3 out of every 5 of them undergo one
operation. 1 in every 5 patients receives three or more procedures during their hospital stay.
To give you a clearer idea on health care spending according to the National Coalition on Health Care in 2001 health care spending in the United States reached $1.4 trillion. That was over a decade ago.
Since the health insurance component is a critical part of the United States healthcare system, professionals adept in medical billing are required to keep all health records, billings and settlements in order.
This is the reason why medical billing and coding field is experiencing continuous growth and it confirms why investigating medical coding classes in Silver Spring, Maryland is a smart career move.
In fact according to the data available from the U.S. Census Bureau, a total of 28,000 companies providing billing services produced more than $6.2 billion in gross sales in 1997.
Is A Formal Education Required to Start Working as a Medical Coding Professional?
Formal education is not required to start working as a medical biller. However, it is strongly recommended you obtain some form of formal coding classes in Silver Spring, Maryland in order to improve your likelihood of employment and to give you an advantage over your competition (other people applying for the same job).
You may get the appropriate experience via on-the-job-training but it won’t be easy, and it will not be easy to get hired, since employers will prefer to hire properly educated individuals that they do not have to train. Formal certification is also not required but it is better to secure a certification now so that you won’t have to take care of it in the future if and when certification becomes a requirement. In addition, being officially certified increases both your options for employment and your income potential.
Online or Offline Education?
These days, many schools are taking their medical and coding courses out of the classroom and into an online environment (although there are still plenty of “traditional” classroom based learning options, if you prefer to learn this way). At the same time, online based medical coding classes offer the ability to learn at your own pace and in your own time, without the headaches of commuting to a physical location. If you’re not sure which option is for you, we recommend you investigate them both.
Find Medical Coding Classes in Silver Spring, MD
In order to find schools and institutions that offer medical coding classes in Silver Spring, Maryland, you may use our state of the art, regularly updated database of schools and institutions.
That’s it directly to the left. Just enter your ZIP code, and you’re off to the races.
Take your time to investigate all your options (we recommend you search for both online and campus based schools), and don’t hesitate to request more information from the schools that interest you the most.
A Little Bit About The Career
Those who work as medical billers and coders will be required to get a good grasp of the different medical subjects, terminologies, procedures and an in-depth knowledge of the entire health insurance process. These skills can be easily obtained by taking classroom instructions.
Learning the different medical billing subjects on-the-job will require you to possess a sharp memory and already know basic medical knowledge which doesn’t come easy so most hospitals, medical billing companies and similar institutions prefer to hire those who have undergone formal training.
Necessary Skills for Medical Billing and Coding Professionals
Here are some necessary skills required from medical billers:
- Organizational Skills.
- Communication Skills.
- Medical Background (Medical language, terminologies, procedures).
- Knowledge of the CPT and ICD-9 coding databases.
- Ability to focus and concentrate on tasks.
How Much Do Medical Billers Make?
Income for medical billers and coders may vary depending on whether they are full-time workers, working in hospitals, private companies or working at home. However, to give you an idea, the US Bureau of Labor Statistics reports that the 2010 median annual salary for medical records and health information technicians to be around $32,000. This number can vary for a number of reasons; supply and demand, your experience and credentials, your physical location and so on. Accordingly, medical billers and coders in Silver Spring, Maryland may on average, make more or possibly even less than this. It really depends.
Hopefully this has helped you understand the potential of researching medical coding classes in Silver Spring, Maryland and we wish you the best of luck in your pursuit of this new career.