Medical billing specialists are important to health care facilities such as doctor’s offices, hospitals and nursing homes. They provide a direct link between services performed and revenue. Working as a billing manager in a health care setting requires knowledge of medical terms and codes as well as the ability to manage the daily activities of an office.
Medical Billing and Coding
Medical billing and coding are offered separately or together depending on the training program you choose. While some employers do not require certification as a medical biller or coder, having your certification shows you are knowledgeable and may increase your earning potential. Additionally, it may help you move into a management position. Medical billing includes properly completing forms, such as the HCFA-1500, used in doctor’s offices, and UB-92, used for hospital billing. Learning the coding side prepares you to read doctor’s notes and provide the correct Current Procedural Terminology, or CPT code, for the procedure and International Classification of Diseases, Ninth Revision, or ICD-9, code for the diagnosis.
Training for medical billing and coding is provided both at local colleges and online. The length of the program varies based on the school and the program. Often the course lasts between one and four years. They key to choosing a program is making sure the school is accredited and you can take the certification exam after completing it. Generally, a medical billing manager starts out in an entry-level position and moves into management after gaining experience. Some billing managers possess a bachelor’s or master’s degree, while others may have only an associate’s.
Working as a billing manager in a health care setting requires organization and leadership skills. Since the medical field changes daily, as a manager you must keep up with changes in billing and coding procedures. You must establish a relationship with medical insurance companies and become familiar with their billing requirements. Additionally, as a manager you may be expected to set up employee scheduling and provide training for new employees as a manager. Managers also perform employee evaluations and report information to a higher authority.
With the growth of the medical industry, billing managers are in high demand. As a medical billing manager, you can expect to earn between $26,280 and $43,410 per year, according to the Career Step website. The location, size and type of health care facility you work in greatly affects your salary.
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