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Medical Coding

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cpc medical coding training

Medical Coding is basically assigning standardized numeric and alphanumeric codes to represent the diagnosis, procedures and supplies documented by the healthcare providers in the patient's medical record. This task is usually done by certified coding specialists and anyone can become a certified coder by undergoing and intensive training as Spectrum offers. Medical coder is a highly paid job now as far as US healthcare industry is concerned, and this practice is now spreading across the world in a fast pace, creating millions of new job opportunities.

Medical coding is a specialized profession within healthcare administration. Professional medical coders distill the information contained in patients’ medical records into universally-accepted, industry-standard medical codes {using Current Procedural Terminology (CPT codes), the Healthcare Common Procedural Coding System (HCPCS Level II codes), and the codes contained in the International Classification of Diseases, (ICD-10)}.

Medical billers use these codes to submit claims to third-party payers, while statisticians, researchers, public health officials, and internal auditors use these codes to determine what services were provided to patients, and why.

Career opportunities in Coding

India is emerging as the preferred hub for healthcare outsourcing, with nearly 80% of the US hospitals, healthcare providers and other businesses outsourcing to India. This creates a constant demand for professionals – especially certified medical coders – that has been increasing steadily over years. Today, medical coding is the most preferred profession in this field closely followed by medical billing, giving rise to numerous job opportunities with exciting career growth available to those entering the industry.

 

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WHAT IS THE SCOPE AND FUTURE OF MEDICAL CODING AND BILLING?

Healthcare industry is a fast growing industry; so as the career opportunities in the industry. The demand for Medical Coders and Billers is increasing all over the world day by day.

Medical billing and coding present a unique set of job duties. It is crucial to understand the way billing and coding works for Fortune 500 health care companies or individuals running their own billing companies out of their home offices.

The reason medical billing exists is so physicians and medical entities can be paid. Medical bills are sent to some kind of insurance company or health program for processing, and then payment is made on whatever is sent.

With the growth of private insurance sector in India, sooner or later the healthcare industry of our country might also be based on the insurance and we might also need to do medical coding and billing in different areas of healthcare. The physician offices, the hospitals and the insurance companies may demand more and more Medical Coders and Medical Billers in future also. Presently the need for coders and billers is high in out sourcing companies in India.

There are two factors that again make the demand for Coders and BiIlers high. Due to the immediate implementation of ICD-10 (International Classification of Diseases-10th Revision) and EHR (Electronic Health Record), the Healthcare Industry is aggressively looking for trained, efficient, knowledgeable and certified coders and billers.