Medical Coding and Billing
Have you considered a career in medical coding/billing?
I’m going to review the pros, cons, and pitfalls here, but first if you are tired of online scams that steal your money or don’t give you value for what you pay for, then see my #1 recommendation to make money online.
It is the best way to learn the skills necessary to build an income online.
After a few months, I was personally able to quit my full-time sales job and work part-time from home using just my laptop.
The list of people taking action and doing the same is growing longer every day.
At first, I was considering not reviewing this opportunity because there are components here that don’t really match up to the kind of reviews I do.
These are jobs.
They can be work from home jobs which may be appealing to some, but these are not marketing skills that can be scaled indefinitely to make any amount of money that someone wishes to make.
You will be capped by the amount of work you can complete in a day and the pay determined by you and the medical clinic or hospital.
First and foremost, everyone knows that medical coding and medical billing are legitimate careers.
However, is the schooling worth the reward and what does the job require?
First of all, lets differentiate between coding and billing.
They are not the same job and have different requirements.
Medical coding is the process of seeing what care a patient received at a medical facility based on the doctor’s report and assigning the correct medical code.
The reason for this is so that the billing is done correctly.
Medical billers then take that code and send it to the insurance company or patient for payment.
It seems like semantics, but it really isn’t.
Coders need to understand anatomy so that they can piece together what happened in the clinic in order to assign the right codes.
They may need to communicate with the doctor if it is not clear what happened or if the codes don’t match up perfectly.
Medical billers deal with insurance companies and patients.
They need to know how to submit claims for the most rapid response and reimbursement from different insurance carriers.
They also need to be able to explain to patients how it’s going to work and what they themselves are responsible for.
Small clinics might have the same person do both tasks, while larger organizations will hire people for each role specifically to maximize efficiency.
It may be worthwhile to learn both, however coders and billers each have their own certification.
Now, let’s get to costs and pay.
You can pay anywhere from about $4,000 to $20,000 to get educated on these careers and at the end you will have to pay for a certification exam and pass it.
The exam is $300-$400 depending on which one you take.
You do not need a bachelors degree in order to become a coder or biller and the schooling could potentially be less than one year.
It seems obvious to me that finding an inexpensive school that gets you through quickly would be your best option and may require some time and homework to find your best option.
The median pay for coders and billers is ab0ut $45,000.
It will vary state to state and managers will make more.
If you want to make more in this industry, then starting your own company and hiring employees would make the most sense.
However, the coding and billing classes will not teach you how to be a business owner.
Is it worth it?
You have to decide that.
Is it a scam?
It’s not a scam, but I personally would not put that much money into just getting another full-time job.
I want to see people learn the skills that truly set them free and allow them time as well as an amazing income.
Thank you for reading.