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Will The Medical Billing Industry Face Job Losses In 2016?

By Kimberly Listons


America is seeing unemployment rates as high as 9%. It is must drastic according to some economists that say the US government has it wrong. Is it possible that there is a demand for jobs out there and not enough of them to go around? The good news is that 17% of all medical billing and coding jobs go unfilled every single year because employees lack ICD-10 coding skills. If you want to keep your job or find a job in the medical billing field, it is best to go back to school and get your ICD-10 certification.

Medical billing salaries are starting to go up if you know ICD-10 coding. If you were making $35,000 last year, you could be looking at $50,000 + dollars this year if you know how to work with ICD-10. It is important to look at yourself and ask, "What is it that I like to do? What can I do in order to make a good living for myself?" Billing is a field in which people do not understand completely. Many people are beginning to read books on the topic and express it with their co-workers that do similar types of work.

Years ago, billing was considered to be something that you can learn on the job. Now a days, billing has changed. Medical coding and billing has to be learned in school or by taking courses on the internet. Of course there are workshops that you can attend in order to enhance your education. It is best to talk to people that want to see you succeeding. It is important to put all of the pieces to the puzzle together. Allow others to see that success is right around the corner and will make sense once all of the pieces to the puzzle have come together.

Many people in different parts of the world see medical billing as an industry that has no bounds. You can keep on learning something new and nobody knows for sure what the full outcome is going to be. Medical billers need to know a lot about utilization management and book keeping. Keeping good records are important for audits and for your boss. It lets everyone know that the records are in good shape and you will be able to see long lasting benefits of your hard work.

If you have a busy office, then it is best to talk with someone that knows about billing. You should ask them questions like, "What are they doing to ensure their success with ICD-10? Are there any training courses in town that you can take? Have you noticed any differences in the codes?" When you strike up conversations with people, you tend to learn more about the industry.




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