Do medical coders have a recession-proof job?

Collapse of the credit market, bailouts, stock market crash and hurricanes. That pretty much sums up the financial disaster that happened in the US in 2008. So what’s a hard worker to do? Those who can still do that should think about recession-proof careers and jobs.

Recession-resistant jobs are so essential to our society that we cannot live without them. One such job is medical coders. Why? Two important things are happening in our society: people are living longer and more are being born. Note: the baby boomers (hippie generation) are retiring, but their parents are still alive. Older people need medical care, whether preventive or actual medical care. So they regularly visit clinics and hospitals.

Also, a record number of babies were born in 2007, a number not seen since the baby boom years. While experts have yet to reveal sources for the birth, one thing is certain: these babies will need care. They will also visit clinics and hospitals for proper care.

It is up to medical coders and other health information technicians to accurately record these visits for computer access and readability. In addition, medical transcriptionists have the option to work from home. They usually get their assignments from an agency or directly from a hospital or clinic and take them home to complete.

Another great advantage of medical coders is that as a freelance contractor they can negotiate their own contract directly with a clinic or hospital instead of working as an employee. Therefore, the future of jobs in this field is fantastic.

WHAT ARE MEDICAL CODERS

Medical coders are health information specialists. They organize and evaluate patient records for accuracy, collect, prepare and analyze statistical data, code diseases and surgeries for insurance purposes and generally provide quality control.

POTENTIAL HEALTH INFORMATION TECHNICIAN AND MEDICAL CODER SALARY

According to a survey conducted by the National Bureau of Labor Statistics, the median annual income for health information technicians in May 2006 was $28,030. The highest earner earned more than $45,260.

HOW TO BECOME A CERTIFIED MEDICAL CODELER

Medical coding schools offer classes in health information technology, medical terminology, legal training, anatomy and physiology, statistics, and computer science.

Generally, those who complete their medical coding training receive an associate’s degree. It is best to become a registered health information technician through certification by the American Health Information Management Association (AHIMA). Medical coding courses and AHIMA certificate preparation classes are available as traditional and online classes.