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5 Things You Didn’t Know About Medical Billers and Coders in Teaching Hospitals

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Medical billers and coders are responsible for translating details in patients’ records to insurance companies for gaining proper reimbursement. Every healthcare organization depends on medical coding and billing staff to remain profitable. Yet teaching hospitals are one of the leading employers of HIT professionals. In general, teaching hospitals are nonprofit medical centers affiliated with a university to train clinicians. They provide round-the-clock care in various specialties, from pediatrics to neurology and cardiac care. Interns and residents treat patients under close supervision from attending physicians. For medical coding and billing graduates, working for a teaching hospital can provide both rewards and challenges. Read on to learn five things you should know about medical billers and coders in teaching hospitals.

1. Medical Coding and Billing Jobs Abound in Teaching Hospitals

The American Hospital Association reports that there are 5,627 registered U.S. hospitals total. Of these, 1,038 are teaching hospitals with high patient numbers. Some of the best are Yale-New Haven Hospital, NYU Langone Medical Center, and Johns Hopkins Hospital. Teaching hospitals employ more than 2.7 million healthcare professionals nationwide. It’s no surprise that medical billers and coders find less competition for jobs in teaching hospitals. After all, university-affiliated hospitals house 82 percent of the country’s ACS-designated Level I trauma centers. Teaching hospitals need large medical records management offices to protect inpatient and outpatient data. Medical coding and billing specialists can expect jobs in teaching hospitals to multiply because the field projects 10-year job growth at 15 percent.

2. Teaching Hospitals Provide Higher Salaries to Medical Coders and Billers

In comparison to several other healthcare settings, teaching hospitals grant above-average salaries to their medical billing and coding staff. According to the AAPC 2015 Salary Survey, medical billers and coders make $ 50,925 on average at inpatient teaching hospitals. That’s more than the $ 44,870 at mid-sized medical groups and $ 45,722 at independent physician offices. Teaching hospitals on the Pacific Coast from Hawaii to Washington report the highest medical coding and billing salaries nationwide at $ 57,021. Landing a job at a teaching hospital can considerably pad your paycheck, especially if overtime is offered. Due to their large size, teaching hospitals are also more likely to hire clinical coding directors with lucrative salaries.

3. Medical Billers and Coders Benefit from Learning Support

Teaching hospitals offer an academic-focused work environment where cutting-edge education and research is prioritized. Medical coding and billing jobs may require less post-graduation employment experience because on-the-job training is included. Teaching hospitals encourage staff to sharpen their skills with continuing education. For instance, Rush University Medical Center provides full-time employees with $ 5,000 in tuition assistance each year. This makes attending college online or during evenings more affordable. Medical coders and billers in teaching hospitals also join an active research community. Teaching hospitals receive approximately $ 2.2 billion in NIH research funding annually. Therefore, the HIM department will continually search for the latest tech advancements to streamline medical coding and billing.

4. Teaching Hospitals Require Extra Vigilance in Medical Coding and Billing

Being careful and attaining high accuracy is important for every medical coder. But those employed in teaching hospitals often have extra responsibility in checking over patient records. Teaching hospitals always experience new rotations of interns and residents who are unfamiliar with record protocols. New waves of med school students can mean patient records accessed by coders and billers are less orderly. One study found 10 percent reduced mortality risk at teaching hospitals, so they don’t compromise quality of care. However, clinical documentation can get muddled in the process. Teaching hospitals may hire experienced coders and billers to conduct medical auditing. Pursuing the AAPC’s Certified Professional Medical Auditor (CPMA) credential would come in handy here.

5. Medical Coders and Billers Frequently Process Larger Claims in Teaching Hospitals

Teaching hospitals typically charge more for medical services because they treat higher acuity patients with complex conditions. Funds are also included for the hospital’s research and academic instruction. For example, George Washington University Hospital charges $ 69,000 on average for lower joint replacement. Sibley Memorial Hospital, a nearby community hospital, charged under $ 30,000 in comparison. Medical coders and billers must be prepared to figure the dollar signs with higher hospital rates. Considerable time will be devoted to coding for diagnostic tests because teaching hospitals order 7.1 percent more tests than their non-academic counterparts. Medical billing specialists should be aware that teaching hospitals are largely urban and accommodate vast numbers of Medicaid or uninsured patients.

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Demand For Medical Billers

The high demand in the job market allows a medical billing professional to earn competitive salary. Medical billers can earn either full time income or part time income. That is the advantage of being in the medical field. It gives the flexibility of working anywhere and anytime of the day. This is possible with billing because the equipments required to work are a computer with medical billing software.

As per the study, medical billers bring home around $ 20,000-$ 40,000 annually. The wage depends on several factors such as job experience, education, the organization they work for and which part of the United States, the organization is located. Like all the other jobs, skilled and experienced billers enjoy a good salary. Their earnings are somewhere around $ 14-$ 16 per hour. A skilled biller should be self-motivated, have good follow-up and should be able to give importance to the minute details in a patient’s file. Experience is not the only criterion that affects the wage but the responsibilities the medical worker handles also plays a role.

Even though certification, diploma or associate degree is not a prerequisite for medical billing, the salary a biller earns increases with the amount of training. Medical billing and coding are correlated. So a professional who knows both earns better compared to person who knows only billing.

Medical billing professional who works in the hospitals or other health care organizations earn a fixed salary as an in house employee. But those who work from home can work for multiple clients. So their salary depends on how many clients they handle. People who work in California, Chicago, New York, Boston, Houston and other big cities are paid more. This is basically because of the high cost of living in these cities or states. When it comes to the job opportunities, people should be aware of the scams. They may sound very legit. They promise people more than they can provide with and charge hefty amount for that. Sometimes they even try to sell their products such as expensive software. But finally when the candidates hand over the money, they get no job. So, it is better to make sure that those companies have real clients, not just fabricated list of clients. In order to make sure that they have real clients, candidates should always ask for references.

Medical billing job is very demanding and at times it can be very hectic. If someone can handle these and enjoy a promising salary, medical billing is one of the options.

Medical billing and coding classes are the first step you need to take to complete all your medical billing training for certification.

Related Medical Coding Articles

Looking to network with other Physician Wound Care billers.

I am billing and coding for a PCP who also specializes in Wound Care in Northern Indiana. I am hoping to find and network with other biller’s and coders in the physician side of wound care. I would also like to find and know of any good workshops/training for wound care billing/coding. I did find one and attended it in 2016, but was not able to attend this year, it would be nice to know of other venues.

Thank you
Kim M

Medical Billing and Coding Forum

Medical Billers and Coders: An Integral Part of the Healthcare Industry

The Behind-The-Scenes Medical Professionals

Doctors and nurses often receive most of the attention in healthcare, but behind the scenes, many other professionals work hard to provide the best patient experience possible. Medical billers and coders are particularly important, and yet, few people understand the crucial role they play.

My friend Monica over at Carrington College made an infographic that I found very interesting and wanted to share with you all. She points out that medical billers and coders do their part to ensure that physicians and other healthcare professionals can pay attention to providing care rather than stress about insurance payments.

Medical Billing vs Medical Coding Infographic

Simplifying the Payment Process

Without medical billers and coders, the payment process would be far less efficient. Their efforts allow doctors to concentrate on treatment and patients to focus on recovery.

Medical billers and coders make payments easier to understand. Coders translate each diagnosis and treatment to one of over 140,000 ICD-10 codes. Billers then use this code to create an appropriate medical bill.

Billers and coders ought to receive a lot of credit for making the healthcare system work. They are an integral part of the healthcare industry, and their services help both doctors and patients.

So are you a coder or a medical biller? I would love to know.  Leave me a comment below.

 

— This post Medical Billers and Coders: An Integral Part of the Healthcare Industry was written by Manny Oliverez and first appeared on Capture Billing. Capture Billing is a medical billing company helping medical practices get their insurance claims paid faster, easier and with less stress allowing doctors to focus on their patients.

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