Want to earn handsome pay in the medical industry? Well, we are not advising you to become a doctor or physician because not everyone can spend half of their adult life studying medicine. But we sure will tell you a secret shortcut to the medical industry where you will earn your dream income without spending much money and time. Yes, we are talking about being a biller and coder. And a 4 week online course for medical coding and billing will help you just achieve that.
Among several medical careers, medical billing and coding are a stable one that enables you to fulfill your dream. This career doesn’t take much of the time to learn. As we discussed, you can take only 4 week courses and you are ready to perform in a professional setting.
Though this short duration seems like it would offer less pay, let me tell you the truth: if you have enough skills and proper knowledge of the industry, which you can learn within 4 weeks, you can earn a comparatively sufficient income as a beginner. So let us go through this lucrative career and discover some courses that should be your priority when spending the amount.
Overview Of Medical Coding And Billing Career
In order to get enrolled in a 4 week online course for medical coding and billing, you must have some information about the occupation so that you can make a better decision towards your career. Here we have compiled everything you need to know about medical billing and coding, that will surely prepare you to begin your journey now.
Duties and Responsibilities Of a Medical Biller
A medical biller is the one who collects a patient’s health treatment information and lists it accurately for further use. They have a big part in providing documentation for coding, which serves as an initiative for revenue generation. The following are the roles of a medical biller:
- Confirming the patient’s insurance coverage
- Creating and submitting insurance company claims
- Settling differences in billing
- Speaking with patients about questions about billing
- Updating patient accounts with payments and modifications
- Examining and contesting rejected claims
- Preserving documentation and billing records
- Following billing guidelines and compliance requirements
- Working together with other medical professionals to ensure accurate billing
Duties and Responsibilities Of a Medical Coder
On the other hand, a medical coder is the one who takes the medical report from the biller and converts the health treatments into codes to be translated by insurance providers. This way the payers find out the services a patient received and the amount they have to pay in terms of patient coverage. Coding conducted by them is a crucial phase in getting the hospital the revenue they deserve. A coder performs the following activities:
- Choosing codes for procedures and diagnostics
- Following coding standards
- Record-keeping and data entry
- Examining the records
- Ensuring adherence to rules
- Speaking with medical professionals
- Supplying assistance for audits
- Assisting with the revenue cycle
- Ongoing education
- Taking part in programs for quality improvement
Have a look at This Massive list of Courses
Earning Potential Of Medical Billing And Coding
Before choosing any career, mostly pay is considered. You always search how much a job role has to offer and then you decide whether to go for it or not. When doing a 4 week online course for medical coding and billing, you must keep in mind that this career is very rewarding.
Following are the figures that will help you understand how much you will be paid for your billing and coding services according to your experience level.
Medical Billing:
- Entry-Level (0-1 years of experience): $30,000 – $40,000 per year
- Mid-Level (2-4 years of experience): $35,000 – $50,000 per year
- Experienced (5+ years of experience): $40,000 – $60,000 per year
Medical Coding:
- Entry-Level (0-1 years of experience): $35,000 – $45,000 per year
- Mid-Level (2-4 years of experience): 40,000 – $55,000 per year
- Experienced (5+ years of experience): $45,000 – $65,000 per year
Though the accurate figure may vary depending on the location, healthcare facility size, revenue generated per year, and your duties, this average salary will serve as a key to choosing between coding and billing when taking a 4 week online course for medical coding and billing.
Top Online Medical Coding And Billing Courses
Now is the time to uncover the leading billing and coding course providers. Go through all of these and find out the best online course.
4 Week Online Course For Medical Coding And Billing
MedicalBillingCourse.com
Completion Time: 3-5 Weeks
Name: CMBP (Certified Medical Billing Professional)
Accreditation Type: Certification
Cost: $699.95 (Altogether); $799.95 (Plan for up to five months)
Specifications:
- 9 chapters
- Study guides
- Video lectures
- Examinations
This is the only 4 week online course for medical coding and billing because of its wonderful study and payment options. This course aims to equip you with the basic knowledge of medical billing and help you understand HIPAA regulations to comply with your services. This is a complete package to become a medical biller or coder within a month.
Brookdale Community College
Completion Time: 4-8 weeks
Name: Medical Billing & Coding (Fast-Track)
Cost: Approximately $2,300
This 4 week online course for medical coding and billing makes you a perfect candidate for entry-level jobs. For more professional roles, you will need certified courses, but as a beginner, this course has a lot to offer.
Other Short Duration Courses
CareerStep
Completion Time: 4-18 months
Name: Medical Billing and Coding Professional Training Program
Accreditation Type: Accredited by the Distance Education Accrediting Commission (DEAC).
Cost: $4,000
Specifications:
- 18 Months Access
- 11-Course Curriculum
- Industry-Recognized Training
- Financial Aid Options
Though this is not a 4 week online course for medical coding and billing, its duration is still shorter than many lengthy courses. CareerStep courses are the best to build your career and create a well-known reputation in healthcare facilities.Â
MedCerts
Completion Time: 6-14 weeks
Name: Medical Billing and Coding Certificate
Cost: $400 and more
MedCerts offers individual online courses on medical billing and coding topics, not a complete program. But taking their multiple classes will provide enough knowledge equivalent to a 4 week online course for coding and billing.
Ashworth College
Completion Time: 4-18 months
Name: Medical Billing and Coding Certificate Program
Accreditation Type: Accredited by the Distance Education Accrediting Commission (DEAC).
Cost: $3,300
Ashworth offers a wide range of healthcare and business-related programs. Their flexible study structure makes it a preference to take billing and coding courses.
Rasmussen University
Completion Time: 4 months (16 weeks)
Name: Medical Billing and Coding Certificate
Accreditation Type: Accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC)
Cost: $7,000
Billing and coding courses provided by Rasmussen University are worth trying. Though the cost may seem higher than many institutes, it ensures quality and authenticity in courses, leading you towards a more fulfilling career.
Your Competitive Edge
Taking a 4 week online course for medical coding and billing in today’s competitive healthcare career industry will differentiate you from other candidates. Employers too prefer those applicants who have shown dedication towards short as well as long courses. So overall, learn about the outline of each course and make a final decision of whether to pick MedicalBillingCourse.com or should you go to other colleges.