A Medical Billing Specialist is one of a number of jobs in the fast-growing Healthcare industry. Job outlook is excellent, with great potential for many new jobs to be added over the next few years as the healthcare industry as a whole is expected to have double-digit growth over the next ten years.
Reimbursement Specialists such as these can find work in a variety of settings, from medical provider offices and hospitals or even in a home office.
A Medical Billing Specialist works with a medical office as a reimbursement specialist on accounts payable for their Medical-Billing. When a patient visits their doctor, each service and/or goods provided triggers a specific charge. These in turn must be accurately compiled and an invoice sent out to the patient. The Medical-Billing Specialist prepares these charges, sends out invoices, and contacts insurance companies to ascertain which charges will be covered.
These reimbursement specialists also handle follow-up questions from patients, resolve any errors or discrepancies, and make sure all billing and accounting records are accurate. They may work part-time or full-time, as well as evenings and weekends depending on the job. People interested in being a medical-billing-specialist should be organized, pay close attention to detail, and have excellent analytical skills.
Students interested in medical billing should take high school courses in algebra, biology, computer skills, English, typing, data processing, and health occupations/medical professions education. Candidates for Claims Processor jobs such as a Medical-Billing Specialist must have a high school diploma or the equivalent.
Employers often prefer people
with at least some college course work in business and/or accounting.
Formal certification is not required to become a medical-billing
specialist, although a person employed in such a Reimbursement
Specialist job may be required to complete training in order to stay
current with the latest computer programs which are used on the job. Certification may also help set you apart from other job candidates when applying for jobs.
Medical-Billing Specialists are employed in one of the fastest growing industries--health care. New job creation will be robust, and provide employment opportunities for many individuals for both full and part time positions. The need for qualified medical claims processors could see double digit growth over the next several years as a result of several things, including an aging population that will increasingly need health-care, and new health care legislation at the federal level.
Medical Claims Processors who have several years of on-the-job training at hospitals or doctor offices may decide to open their own Medical Billing Business. Not only does this provide the attractive potential to do Work at Home Medical Billing, but it also provides the ability to make significantly more income than is possible working for someone else. See our separate section on a Medical-Billing Home Business for more information.
The average annual salary of a Medical-Billing Specialist is $25,300. Salaries can range, however, from $18,200 to $30,100 depending on the region of the country you live in, your experience, and the office setting you are in.
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