About Medical Billing Analyst Careers
Medical billing involves submitting requests to insurance companies for payment on behalf of patients, sending bills for amounts that insurance companies will not cover and updating accounts once payments arrive. A medical billing analyst can be involved in all of these tasks.
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Function
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Medical billing analysts review the work of medical billers and coders, ensuring that work was completed properly and that it was done in compliance with federal and state regulations.
Employers
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Medical billing analysts may work for a variety of employers, including insurance companies, hospitals, physicians' offices, outpatient centers and rehabilitation clinics.
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Education
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Medical billing analysts are required to have some type of secondary education from a trade school, community college, or traditional college or university. Relevant educational programs include certificate programs in medical billing or associate's and bachelor's degrees.
Compensation
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In May 2008, medical billing analysts who worked in physicians' offices earned an annual median salary of $32,360, while those employed in hospitals earned $31,800, according to the U.S. Bureau of Labor Statistics (BLS).
Considerations
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There are a variety of fraudulent scams that offer promises of training and working from home as a medical billing analyst. According to the BLS, only three percent of all medical billing analysts and professionals work from home, and the Federal Trade Commission (FTC) has placed a watch on such programs, meaning that consumers should thoroughly investigate any medical billing program.
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