Medical Coding Opportunities & The Healthcare Industry
Currently in the healthcare industry, there has been a big shift in demand for medical coding professionals who are certified. The Bureau of Labor Statistics expects employment of health information technicians and certified medical coders to increase 15% within the next ten years. Better still, there are an expected 15.6 million healthcare-related occupations to be added between 2012 and 2022, the most of any occupation.
Why is There an Increase In Medical Coding Jobs?
There are a few reasons behind why such a big shift is taking place in the healthcare industry, one being the demographics of the United States. Currently, the Baby Boomers are all over the age of 50; as a result, there are a greater number of medical conditions, which means a need for more coders and medical professionals. Also, with the transition to ICD-10 there has been an astronomical increase in the amount of codes that are used. Although this allows for greater accuracy in the way physicians and insurance companies communicate, it also means that it takes more time to code visits accurately. As a result, there is a need for more coders to maintain productivity.
Medical Coding Salary & Career Path
Certified coders also see a significant salary boost. According to a recent study done by the AAPC, the average coder’s annual salary increases by 20%, meaning that certified coders earn on average $7,000-$10,000 more per year than their non-certified counterparts. With these kinds of benefits, your certification will pay for itself as you advance in your career.
Once you start on this path of getting your online coding certification, there is ample opportunity for growth and advancement in your career. With your training and experience, you can work towards a higher credential down the road and create a successful career for yourself. With options such as patient information director, quality management coordinator, and medical practice manager, the opportunities are endless as long as you make sure to invest in yourself.
“MMI is great to do business with. We require staff to be certified within a year of employment, so I work with MMI closely. Their test is tough but fair, and service is always excellent.”Bud Clevenger, RMC, CEO of MD Billing Services, LLC
Importance of Getting a Coding Certification
Certified medical coders are extremely important to any hospital or physician office. Medical billers and coders are responsible for the management of all patient records and payments and, as a result, are the glue that holds the practices together. Without medical billers and coders, no hospital or physician practice would make money and no healthcare employee would get paid. In other words, medical billers and coders are the main reason why the entire industry flows properly.
With recent technological advances, it is more important than ever to become certified as a coder. As the medical job market looks bigger and brighter, the competitiveness increases, making it increasingly more difficult to succeed down this career path without achieving a medical billing and coding certification. Employers are upping their hiring criteria and are now looking for certifications as well as hands-on experience in the field. Having a certification sets you apart from the pack, and getting your certification with a trusted institute that wants to see you succeed will set you apart even further.
MMI Member Center
MMI certification opens a world of member benefits
Protect your certification and stay ahead of the game with MMI. MMI has helped over 250,000 medical coding, billing, management, auditing, and CDI professionals thrive through online training programs, certification exams, continuing education, and flexible member renewals.
With the healthcare industry constantly changing, maintaining your certification through continuing education has never been more important. MMI always makes sure that our members have easy access to:
- Unlimited instructor support via email or phone
- Seasoned and nationally-recognized instruction staff
- Exclusive discounts and savings on continuing education courses
- Members-only networking groups and job support
- Time-sensitive industry updates through e-blasts and e-newsletters
“I’ve been working with the MMI group for over 15 years. I like their professionalism, yearly testing, and availability of educational resources. I recommend MMI to anyone looking for coding classes.”Trish Creech, RMC, RMA, RMM, RMB, CAC, CPT
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