Medical Billing & Coding Definition

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Medical billing and medical coding are essential components to the operations of a hospital, doctor's office or any medical facility. They are part of the records and financial department, which keeps records of all patients, of procedures and takes care of billing and insurance records.

Types

  • Medical coding is a process in which descriptions of billable medical procedures from doctors and nurses taken in reports and notes are transformed into a medical code, used universally by billing and insurance departments.

Types

  • Medical billing takes the codes from the medical coding department and organizes the information, figures out the financial costs for each code and then places them on a bill for the patient and insurance companies.

Considerations

  • One must have special training in order to become part of a medical billing or medical coding department as a career, and training is usually obtained through community colleges, technical schools or distance learning.

Considerations

  • Within the careers of medical billing and medical coding, one could specialize in different medical departments, such as working in a hospital versus working in a family doctor's office, or working in a cancer treatment hospital versus working in a children's hospital.

Benefits

  • Medical billing specialists and medical coding specialists can earn an average of around $30,000 a year and some may earn as much as $40,000 a year, as well as some opting to work from home, or on a partial telecommute basis.

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