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Quick Facts: Medical Coding Industry

Median Pay:   $35,900 per year | $17 per hour
Entry-Level Education:   Postsecondary non-degree award

Medical Coding Occupations:

  • Medical records and health information technicians$35,900

Online Medical Insurance Billing & Coding Diplomas

Although many aspects of the economy are struggling, one of the few booming businesses left is healthcare. It is forecast to keep growing bigger as the population increases and an increasing number of baby boomers require medical attention as they age.

If you want to work in the field of healthcare but don't want to attend school for many years to become a physician, a great choice is to pursue one of the many available online medical insurance billing & coding degrees.

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  • Online programs including BS, MHA, MBA, MPH, DHA, and DrPH options.
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  • At Charter College the entire curriculum is built around student success
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Keep reading to learn more about the definition of medical billing and coding, what kind of degrees are available in the field, what careers opportunities exist for graduates and why online education is ideal for busy students.

What is Medical Billing and Coding?

Although medical billing and coding is a vital part of the healthcare industry in the United States, few people have a solid understanding of what it truly is. Medical coding is the act of turning services and laboratory work at a hospital or doctor's office into a series of codes that are then submitted via medical billing to insurance companies.

The system was devised as away to streamline the healthcare industry and make it easier and more efficient to submit claims and receive prompt reimbursement from insurance companies for patient procedures. Since machines are not capable of submitting the information, humans are required to do this work individually. There is a great demand for educated workers in this field, so earning a degree online is a good way to almost guarantee a career after graduation.

What Degrees are Available in This Field?

Students can opt to earn a certificate in medical billing and coding, an associate degree or a master's degree. If you want to begin working in the field as quickly as possible, a certificate will help you to complete the required materials in as little as nine months. You can then begin working right away, but your employment options may be limited with just a certificate, and you may not be qualified to sit for the medical billing and coding licensing examination in your state.

An associate degree in the same subject takes roughly two years to complete, and prepares graduates for a range of different careers. With a four year bachelor's degree, you can apply for managerial positions overseeing other medical billers and coders.

What Will My Careers Options Be After Graduation?

With a degree in medical billing and coding, graduates can choose to work in health insurance companies, nursing homes, private medical practices or hospitals. Anywhere that medical services are provided and insurance is used requires at least one qualified medical biller and coder. A great benefit to working in this field is being able to work from home much of time. Since the work is done independently, most employers are fine to have their employees work a flexible schedule from home as long as the required tasks are completed accurately and on time.

Why Should I Study Medical Billing and Coding Online?

Studying medical billing and coding online is a great way to prepare for your career. It encourages you to spend time focused and independent, two things that will come in handy when you career begins. Online study also allows you to pursue your degree while you work full time to afford your tuition fees and related costs.

If you want a great position in a growing medical field, then consider earning an online medical billing and coding degree from an accredited online college.

Discover the advantages of online learning. You can earn the degree you want and continue to maintain your current responsibilities. Today's online education is designed to give you the flexibility and convenience necessary to keep your life going while advancing your education and career opportunities.