Medical Billing And Coding (MB & C)

There are two trends that I have learned about from UMA and TV. ICD-10 replacing IDC-9. ICD-10 will provide the medical billing/coder with more descriptions for describing encounters and hospital stay for patients. Where ICD-9 had 3,824 procedure codes and 14,025 diagnosis codes, ICD-10 on the other hand, has 71,924 procedure codes and 69,823 diagnosis codes that is a big difference. The affordable care act also made an impacted on billing/coding since more people are getting procedures done. These procedures will need to be coded and documented for doctors and hospitals to get paid.

One of the trends now in Managed Care is the significant increase of federal spending for Medicaid Managed Care. According to

Our mission as a medical billing association is to provide industry and regulatory education, networking opportunities for our members, to be able to share information and ideas and to market our member's abilities and professional services as a group.

Are you already working in the field but need to keep abreast of coding changes and what is trending in healthcare?

When people think about jobs in the health care field, it can be easy to assume that most jobs involve direct, hands-on patient care. What many people don’t realize is that administrative jobs are equally vital to ensuring quality health care services. Medical billing and coding is an important piece in the administrative puzzle that makes up the vast health industry. As with most administrative jobs, medical coding and billing professionals need to have excellent attention to detail, as one wrong code or inaccurate statement can have an extremely negative

When people think about jobs in the health care field, it can be easy to assume that most jobs involve direct, hands-on patient care. What many people don’t realize is that administrative jobs are equally vital to ensuring quality health care services. Medical billing and coding is an important piece in the administrative puzzle that makes up the vast health industry. As with most administrative jobs, medical coding and billing professionals need to have excellent attention to detail, as one wrong code or inaccurate statement can have an extremely negative

B) A major trend impacting the health industry is the use of information technology. Back in 2009, the United States (U.S) Congress and President Obama passed the Health Information Technology for Economic and Clinical Health Act (HITECH) as part of the American Reinvestment and Recovery

I have decided to pursue a career in health information technology. My eventual goal is to get a job in a medical billing and coding setting. I am lucky enough to have a couple of family members that currently work in this field, so I am ahead of the curve in knowing what to expect and where are good places to apply.

To a lot of people Medical Billing and Medical Coding can be considered to be the same thing. But as I’ve learned through research it is not the same thing. Medical Billers handle and submit patient records for services they have received to insurance companies and if needed also provide the information to the government. The Medical Billers use alphanumeric codes as well as numeric codes to process and submit claim forms for payments. Medical Billers obtain certificates and diplomas that are geared towards Medical Billing and Insurance.

The Medical Coding and Billing career offers an average starting salary of about 40,000 dollars a year, and the Us department of labor expects to add over 41,000 new job opportunities in next few years. This is a growth of about 22% in the next few years. With Medical Coding and Billing, you can gain all of the important skills that you need by completing online courses that works around your life schedule. You can achieves this in a year or less.

My career that I am researching for my junior project is Medical Coding and Billing. Medical Coding and Billing are two different jobs. Medical Coding is when a patient has any medical procedure or exam such as going to the doctor for the stomach virus or even going to the hospital for a broken bone. They work with the insurance companies by putting a specific number into the computer. There’s CPT Codes which stands for Current Procedural Terminology which is “ Codes to better understand the services their doctor provided, to double check their bills or negotiate lower pricing for their healthcare services. (About Health, 2014).”

They also acquire necessary skills for advancement and will be a part of booming healthcare industry. They can be a specialist or a generalist,will work regular hours,and will start gaining experience before

Forecasting is an important tool to help healthcare managers prepare for the challenges associated with rising health care costs. As the healthcare landscape continues to change, managers look at the past and present to predict the future. The U.S. government is major provider of health insurance for the elderly and disable persons. The government’s portion for covering healthcare costs has risen steadily, from 43% in 1980 and 38% in 1970 (Miller & Washington, 2006 p. 40). Medicare is the single largest source of payment for beneficiary health care costs; it covers about half of the cost of health care (Healthcare Financing Administration, 2006). The Affordable Care Act (ACA), which also provides medical coverage to low income persons, must also be factored into the cause and effect analysis. As a result of the changing landscape of health insurance, healthcare managers rely of analytical forecasting to predict future healthcare costs, examine cause and effect relationships and prepare their organization to provide quality affordable care to their patients.

Trend is the direction of movement of data over a relatively long period. In a medical practice, such trends would include the increase in the number of population that would require medical care in the future, the number of people that would be medically insured over time, and also the trend in the neighborhood where the clinic is located. According to the US Census Bureau, the number of Americans over age 84 is projected to more than triple between 2010 and 2050. Hence, it is clear that there will be an increase in demand to care for the elderly population with Medicaid plans. Medicaid plans experienced an initial bump of 10.8 million new enrollees in 2014 because of the healthcare reform law. But future growth among those newly eligible members in the 28 states that have approved expansion won’t be as large, some experts say (Sandler, 2015). This data of Medicaid plans shows an uncertainty as even though there is an increase in demand right now, but according to some experts this might not increase at a constant pace over time. Even in a market oriented society like ours, government intervention in healthcare has been huge. Government actions play an important role and impact on healthcare sector and it is obvious that such impacts also affect the competitors. If we look at the health insurance as a whole instead of just Medicaid plans, we see that the number of insured will grow over time

While being a Health Informatics and Information technology student at Community College of Baltimore County, not only I was able to start my career as a billing coordinator at Johns Hopkins University’s Pathology Department but also continued to fulfil my dream of completing my education. I have a very strong understanding of computer system while expressed keen interest in learning about various diseases and diagnosis. With immense gratitude, I give credit of my success to this wonderful program offered at CCBC campus that allowed me to expand my horizons by learning in depth about healthcare and healthcare delivery system. Starting a career in such big organization, without any prior experience within healthcare industry makes me feel