Medical coding and billing is the process of translating information from patient records—treatments, tests, procedures, and diagnoses—into the standardized codes used to bill patients and third-party payers such as insurance companies and Medicare.
Mildred Elley offers online programs in medical billing and coding and teaches to the American Health Information Management Association (AHIMA) standards so that our graduates are prepared to sit for and pass the AHIMA credentialing exam.
AHIMA credentials are earned through a challenging program of examinations, education, and experience, and maintained through constant review and education. AHIMA certification is an investment in yourself and your long-term career.
AHIMA certification can help you:
- Improve your earning potential
- Open the door to more opportunities for career advancement
- Increase your job flexibility and choices
- Position yourself for success in a long-term career
- Provide a foundation of broad and deep understanding
- Be associated with AHIMA's reputation of integrity and excellence.
Mildred Elley’s online medical coding and billing courses prepare students for national certification and employment. Though not required for employment, national certification will certainly increase your job prospects! Choosing an education at Mildred Elley will prepare you for the CCA and CPC national certification exams.
As a side note, there is a new demand for ICD-10 training because soon all billers and coders must know the ICD-10 coding systems.
What is ICD-10?
ICD-9, the version of insurance codes that the United States is using, currently uses a code set with about 17,000 codes whereas the new ICD-10 code set has over 155,000 codes.
The new codes for ICD-10 are more specific and more complex, requiring coders to have specialized training in ICD-10 to effectively use them. This emphasis on increased detailed coding is going to create a need for more highly trained coders.
With the shift to more complex codes in ICD-10, it is of key importance to understand the biomedical sciences. Medical terminology, anatomy, physiology, and pharmacology will be even more important for all medical insurance coders.
Mildred Elley has already updated their training to reflect changes from ICD-9 to ICD-10. The advisory board is made up of numerous professionals in career fields so that workplace changes can be immediately passed on to students in our numerous programs.
In this case, the online career programs Physician-Based Billing and Coding and Hospital-Based Coding, use resources that include up-to-date ICD-10 training.
The difference between the two programs is basically that the Online Physician-Based Billing and Coding Program is designed for those professionals who want to work in doctors' offices and work with outpatient situations.
The Online Hospital-Based Coding Certificate Program trains students to be certified coding associates, giving them the required skills to enter the hospital-based coding profession and work with insurance companies more on an inpatient basis.
Another benefit to Mildred Elley's Online Hospital-Based Coding Certificate Program is that graduates are prepared to take the Certified Coding Associate examination administered by the American Health Information Management Association (AHIMA).
ICD-10 coding accuracy is highly important to hospitals and healthcare organizations because of its direct impact on revenues and describing health outcomes.
Opportunities for employment for ICD-10 insurance coders include physicians’ offices, clinics, hospitals, insurance companies and medical supply companies. The demand is driven by the growing need for healthcare services and the continuous need for individuals who are able to handle the complexities of ICD-10 paper and electronic information.
ICD-10 training is also imperative for current ICD-9 coders that need to upgrade their skills from ICD-9 to ICD-10. Mildred Elley is happy to work with experienced coders that already have career experience in the field, but just need to learn ICD-10and the new anatomy and physiology standards.
In the case of employers preparing employees for ICD-10, Mildred Elley is working with individual hospitals and physician's offices to train their employees in ICD-10. All classes are online so Mildred Elley can work with almost any employer that needs employees trained in ICD-10 to comply with future regulations.
Job Outlook for Medical Billers and Coders
The U.S. Department of Labor's 2014-2015 report on the medical records and health information technology field, which includes both medical coders and medical billers, predicts industry employment is projected to grow by 22% from 2012 to 2022. In addition to these new jobs, there will also be open positions as people retire or leave the profession.
In addition to this growth, there is also already an existing shortage of medical coding professionals. This shortage is estimated to be about 30% and is expected to increase to at least 53% with the industry’s shift to ICD-10.
If you feel you’d enjoy working in the field of medical billing and coding and want to learn more about the different fields that our online coding and billing certificate program covers, contact one of our admission representatives at (888) 207-1637. Interested in learning more about other online career classes? Discover Mildred Elley's Online Career College for online career training at home.