subject: Let Us Know More About Medical Billing And The Jobs - Part I [print this page] The value of health insurance cannot be undermined with numerous providers insuring thousands of Americans every year. The healthcare industry is booming and has numerous opportunities for those who are looking forward to a bright career. Medical billing that involves filling of forms and patient claims are one of the hottest career prospects today. Medical billing jobs are not only promising but also have the scope of growth as well as migrating to other healthcare fields. Today medical billing is worth millions of dollar of the booming healthcare industry.
There are many who may feel skeptical about the profession and whether it will land them in plump medical billing jobs. In the section below, we have discussed the various aspects of the medical billing profession for those who are new to the healthcare industry.
Health Insurance Portability and Accountability Act (HIPAA)
The profession of medical billing involves dealing with sensitive data of the patient while dealing with insurance companies for claims. Therefore, Health Insurance Portability and Accountability Act (HIPAA) made it imperative for the provider to protect the confidential data of the patient. Every medical billing provider strictly needs to comply with the HIPAA rules. The main aspect that needs to be protected under HIPAA is the demographic details of the patient.
Employment Positions
Those looking for medical billing jobs are employed in different positions that can be either temporary or permanent in nature. Many full time billers can easily get attractive compensation with the right educational credentials, experience and certification. An individual can also be employed on temporary contracts and then can be shifted to a permanent position. Medical organizations can also hire the services of staffing agencies in order to employ potential candidates. It has been estimated that almost ninety percent of the companies hire medical billers in a temporary position. Candidates looking for these jobs should have their resume in the print, scanned, plain text and email versions.
Compensation
Those completing accredited medical billing jobs can be employed in billing services, insurance companies, hospitals and healthcare facilities. The compensation for a medical billing professional is quite attractive and can range from $30,000 to $40,000 per annum. However, it should be note that the compensation may depend upon various factors such as location, experience, certification and skills.
In the part II of the article, we will look at some more aspects of the medical billing professions and the advantages of these jobs.
