Medical billing and coding in New Mexico is one of the fastest growing careers and nationwide people working in this field will see up to a 21 percent increase in available positions according to national statistics. Massive influxes of new technology are fueling the need for trained and certified billers and coders to help transition paper medical records to more convenient electronic ones. Further propelling this increase is the rising number of senior citizens, which is approximately 13.2 percent of New Mexico’s population according to the US Census.
Statewide, billing and coding specialist earn a bit less than the national average, bringing home about $32,230 per year, but some staff members earn as much as $47,500 yearly. Earning certification is not mandatory for either position, but employers admittedly prefer hiring those with education and proper licensure backing them.
Working as a Medical Billing and Coding Specialist in New Mexico
Those with top qualifications have the opportunity to operate a home business using their skills and will have the option to work in most any type of medical environment that employs the services of medical technologists. As a fast-paced and detail oriented job, billers and coders can expect to work long hours at a desk pouring over paperwork, medical charts, and confirming information within them.
Coding specialists are responsible for assigning every medical notation in charts or lab results a correlating code within an internationally recognized system. This information is passed along to billing specialists, who use the codes to establish accurate invoices, bills, and insurance claims. Furthermore, billers handle negotiating with debtors, reconciling invoices, and processing payment.
Medical Billing and Coding Training in New Mexico
Earning certification as a medical billing and coding professional requires you to attend an accredited training program. You can confirm any institution’s status in this regard quickly online through reputable certifying organizations like the American Academy of Prof. Coders or the American Medical Billing Association.
Medical Coding: Expect to focus quite a bit on the coding systems, and depending on when you enroll you might even begin learning the ICD-10 system that will be implemented in 2014, but for now the ICD-9 is the most popular. You will learn about medical terminology, software, and the most common diagnosis and subcoding systems. Passing the CPC exam is the final step for certification.
Medical Billing: Whether you attend in person or take classes online, be prepared to learn the basic coding systems, but plan to spend more time concentrating on the accounting aspects of the job. Processing insurance, Medicare, and keeping track of incoming payments is a primary role of this position, and your program will help you prepare for the Certified Reimbursement Specialists Exam.
Is Learning Medical Billing and Coding Online Right for You?
If you are ready to jump right in with your billing and coding courses, you’ll need to decide whether you want to attend classes in person, online, or a combination of both in a hybrid class. Either method will get you qualified as long as the institution providing the training is accredited for medical billing and coding certification. Often taking courses online is more cost efficient and can be achieved in a relatively short period in comparison to traditional classroom attendance. Find a dynamic online medical billing and coding class in New Mexico below.