Medical Billers: They Earn Good Money For What They Know
If you are a medical biller, you already know that making money is not always easy. Sometimes you earn a lot and at other times, your boss is not happy with you. If you don't know anything about medical billing, then perhaps this is an article that you should read. It will tell you about the pros and cons of being a biller.
Doctors are saying that they are losing money on their claims to insurance companies. When they submit a claim to them for around $360.00, they are receiving a check for around $100.00. Doctors are asking the question why? Many physicians have decided to outsource their work as well. They are tired of losing money to the insurance companies. They spend a great deal of time each day with their patients. They give them the care that they need. They give them testing and it is time consuming. It can be devastating to watch someone going through cancer or heart disease. A doctor's day is not easy. However, they do it because they want to help people.
Under the new medical coding laws, doctors have to document what they are doing with their patients. ICD-10 requires medical billers to submit documentation to support their claim. This is never an easy process for anyone to go through. It can be hard to deal with and actually very dramatic. It is important for people to look at themselves and ask the question, "Am I worth the money that I think that I deserve?"
If your employer feels that they are getting lots of money from you, then they will most likely keep you around. If they feel that you are not collection enough money for them, then you will most likely get replaced by someone that can deliver. Coding today is a lot different than it was 10 years ago. Today, insurance companies want to know a lot of information about the patient. They want to know if they are improving or not. Before they submit a payment to your business, they want to make sure that you are doing what you claim. They also want to see if it was really necessary to do the tests that you say the patient needs.
Most billers do not earn six figures a year. Most earn under $70,000 per year. It is mainly due to the fact that they don't know enough about ICD-10 yet. It is a new code that came out on October 1, 2015. Most people say that its hard, complex and difficult to master. Healthcare is changing. If you want to work in this industry, you are going to have to adapt to the changes. Most coders today say that getting your certification is a sure way to earning more money each year.
Doctors are saying that they are losing money on their claims to insurance companies. When they submit a claim to them for around $360.00, they are receiving a check for around $100.00. Doctors are asking the question why? Many physicians have decided to outsource their work as well. They are tired of losing money to the insurance companies. They spend a great deal of time each day with their patients. They give them the care that they need. They give them testing and it is time consuming. It can be devastating to watch someone going through cancer or heart disease. A doctor's day is not easy. However, they do it because they want to help people.
Under the new medical coding laws, doctors have to document what they are doing with their patients. ICD-10 requires medical billers to submit documentation to support their claim. This is never an easy process for anyone to go through. It can be hard to deal with and actually very dramatic. It is important for people to look at themselves and ask the question, "Am I worth the money that I think that I deserve?"
If your employer feels that they are getting lots of money from you, then they will most likely keep you around. If they feel that you are not collection enough money for them, then you will most likely get replaced by someone that can deliver. Coding today is a lot different than it was 10 years ago. Today, insurance companies want to know a lot of information about the patient. They want to know if they are improving or not. Before they submit a payment to your business, they want to make sure that you are doing what you claim. They also want to see if it was really necessary to do the tests that you say the patient needs.
Most billers do not earn six figures a year. Most earn under $70,000 per year. It is mainly due to the fact that they don't know enough about ICD-10 yet. It is a new code that came out on October 1, 2015. Most people say that its hard, complex and difficult to master. Healthcare is changing. If you want to work in this industry, you are going to have to adapt to the changes. Most coders today say that getting your certification is a sure way to earning more money each year.
About the Author:
Our business provides physician billing services and chiropractic billing services in the United States. A lot of our customers are hospitals, treatment centers and healthcare providers. We also have information on patient responsibilities, pre-certification, policy exclusions and payer payment estimates.
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Title: Medical Billers: They Earn Good Money For What They Know
Author: Lou Goldman
Email: reflectionstreatments@gmail.com
Keywords: health,healthcare,business,jobs,medical billing services
Word Count: 459
Category: Careers
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