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 expect employment of health information technicians and certified medical coders to increase 15% within the next 10 years. Also, there is an expected 15.6 million healthcare related occupations to be added between 2012 and 2022, which is the most of any other 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 and as a result, there is increased medical conditions, which therefore require 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 with so many more codes, it takes more time to accurately code visits. As a result, there is a need for more coders to maintain productivity.
Medical Coding Salary & Career Path
A certified coder also sees a salary boost in comparison to non-certified coders. According to a recent study done by AAPC, the average annual salary is 20% higher for a certified coder than for a non-certified coder. AAPC also reported that certified coders earned on average 7 to 10 thousand more dollars per year than non-certified coders. As a result, you can clearly see your certification pays 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. The most common are patient information director, quality management coordinator and medical practice manager. Hence, 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
Most of all, certified medical coders are extremely important to any hospital or physicians 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. This means that without medical billers and coders, no hospital or physicians practice would make money and no healthcare employee would get paid. Therefore, medical billers and coders are the main reason why the entire industry flows properly.
Now more than ever is it important to become certified as a coder. As the job market looks bigger and brighter, the competitiveness in that market increases. This is why it is becoming increasingly more difficult to succeed down this career path without achieving a medical billing and coding certification. Employers are upping their criteria for hiring and are now looking for certification as well as hands on experience in the field. Having a certification sets you apart 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.
Also, maintaining your certification through continuing education with MMI has never been more important. This is because the healthcare industry is forever changing and has so many changes ahead. MMI 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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