If you’ve been thinking about taking medical coding or billing online courses or medical coding or billing training, you’ll want to make sure you understand what this career and the job entails and have a good idea of what kind of salary you’ll earn . Of course, you may want to open a business from home and it is certainly possible, but it may require proper education and training and an entrepreneurial ability to do so.
Starting a home based business is not for everyone and getting work experience first is a good idea unless you have extensive training and feel you fully understand the billing business.
Medical billing means documenting patients’ visits to a doctor, clinic, or hospital, or any other type of healthcare facility. Medical account holders, assistants or specialists enter clinic and patient data into expensive billing or practice management software so you can submit medical claims to health insurance companies. You would also book insurance company and patient payments and run management reports. You may also need to have follow-up interviews.
Medical billing does not have to be done in a doctor’s office. You can bill from home, any office, clinic or hospital, billing service or facility that has the necessary software. Many doctors outsource their billing and may opt for a home based business if the service is cost competitive. Or they can choose a smaller service and not necessarily one of the major billing services. So cost is a factor.
Medical coding is a completely separate function and is not part of the medical billing business. Medical coding cannot be done from home or outsourced to a service. Medical coders usually work directly in the doctor’s or clinic’s office and do the coding before it is forwarded to the billing service. Coder salaries are comparable to medical bill salaries.
So if you decide to take medical billing training, you don’t have to worry about coding and vice versa. People usually choose one or the other. Medical billing is more popular and offers more versatility as you can work from home in your own business or for a doctor or clinic that allows you to do so.
Billing services often have graveyard shifts and can run around the clock. Salaries to start run at least $10 per hour and up, depending on your training, education and/or experience, or related experience. You can advance quickly if you gain the experience on the job and you can get a much higher salary for the experience you gain whether from the clinic, practice or company you work for when and if you leave for another medical billing job .
For example, you don’t need national certification as a billing specialist, but it can help you get your foot in the door faster. Money is also available for both your local on-campus and online medical billing training. Be sure to thoroughly review online schools to avoid scams.