The
medical industry can be counted as one of the most difficult fields to
enter. This is due to the long periods of training and courses to excel
in this field. We tend to forget, however, that other than being a
physician or a specialist, there are many other alternative careers
available, such as a medical coder or a medical billing specialist.
Today, medical coding and billing jobs have become one of the most
important back-office work in healthcare institutes, clinics and
research.
Medical coders are responsible for converting patient
reports into alphanumeric codes which can then be used by insurance
companies and research institutes. With the healthcare industry
expanding at an exponential rate, the need for coders will naturally
increase too. In almost every country today, medical coders who are
properly trained and certified are in great demand. A few reasons for
this extensive demand will be touched upon below.
Shortage of Medical Coders
Despite
the recent demand from healthcare institutes, there is still a
significant lack of trained medical coders in the market. These demands
need to be met in the near future, with professional coders who can work
efficiently to convert data from medical and diagnosing reports into
medical codes.
Moreover, the conversion of the coding system from
ICD-9 to OCD-10 has increased the standards. This has increased the
requirement for coders who are trained and certified in the ICD-10
coding standard. This new standard requires more detailed coding of data
which means the need for more coders will be seen. Therefore, it can be
said that the opportunities in this field will only rise from now on,
making it a great time to acquire the perfect career.
More People getting Medical Insurance
Most
of the health departments are motivating the healthcare institutes
towards a more detailed and improved record keeping system so that
mistakes and detailing problems do not occur. As a result, hospitals and
institutes are paying a lot more attention to medical coding and
thereby increasing the overall coder demands. With the increased number
of people obtaining medical insurance, the number of claims will
simultaneously rise, causing another rise in the demand for medical
coders. With medical insurance claims rising, the demand will only
increase. There is now an increasing trend for the demand of coders in
the future.
Increasing Life Expectancy means more Health Care Services
As
there is a higher life expectancy these days, the elderly will require
continuous healthcare facilities such as testing's, diagnosis and
treatment. There will then be more medical reports, testing reports,
insurance reimbursements, etc. which are to be coded. This will also aid
in the increasing demand for medical coders. Coders who have proper
training in critical diseases facilities like cancer will be required
more by the industry over time.
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