Learn All About Virtual Medical Coding Job

What do you mean by virtual medical coding job?

The occupation of a virtual medical coder is in huge demand worldwide. Working from a job as a virtual medical coder offers many benefits that other professions may not give you, such as flexible scheduling, no time for commuting, and others. When experts work from their homes in medical coding, they are exposed to greater advantages since there is a scope of home-based career opportunities.

What does a virtual medical coder perform?

A virtual medical biller or coder handles patient and insurance claims. They help to bill accurately, and coders apply standard industry codes related to medical diagnosis, procedure, and treatment of patient medical records. In the healthcare setting, medical billers take the help of this coded information for submitting bills. If you are employed in a large organization, you just need to perform medical billing. But if you are working for a small company, you have to work both as s coder and biller.

Why should you consider a career in medical billing and coding?

A virtual medical coding and billing offers you the following advantages-

You can work from your own house. Most medical professionals outsource their job, but you don’t always need to work from an office location. Many medical coders and billers are also independent contractors.

You get the scope to build a business without incurring any overhead costs. When you establish yourself as s professional and reliable medical coder, you can also develop your own home-based business with just little cost, updated coding software, a computer, and some clients.

You can become in charge of your career. You can choose your pay rate and hours of working. You can also give time to your family and children.

You can avoid the physical demands required in an on-site job. There’s no need to commute to the workplace, and you can work comfortably from your home. This is an ideal choice for people who have some physical disability.

The career outlook for virtual medical coding jobs

As a country's population rapidly ages, tar demand for medical care increases. According to sources, the job opportunities for medical coding jobs are expected to increase by 11% by 2028, which is quicker than the average increase of other occupations. This means that you can handle many more patient and insurance claims when you pursue a career in medical coding and billing. You have the freedom to work from home or work with nurses and doctors in a diverse setting like a nursing home, hospital, doctor’s office, or medical setting. You also have the scope to earn a lucrative salary. The average annual salary of the medical coder in the year 2019 was $42630, which is estimated to increase.

Demanding job

The gap between the demand and supply of certified medical coders is estimated to be 40%, and these statistics have increased rapidly over the previous year. The field of virtual medical coding is growing faster than the average, and employment opportunities have been forecasted to grow by 15% by 2024. The demand for skilled virtual coders is rising as they help in the smooth functioning of the revenue cycle within the healthcare industry.

Lucrative career

With the automation and integration of technology and the increased use of medical data in the healthcare system, the demand, and salary for expert virtual medical coding is expected to rise. As a career, medical coding is extremely lucrative in the healthcare sector.

Our Radiology coding training and medical coding program enable the majority of the candidates to kick start their careers within a short period. We offer CPC sample papers that are very useful for professionals to get hired and land their dream.

Author's Bio:

Dr Santosh Guptha, CEO – MEDESUN is a dynamic leader in Healthcare Information Management, an expert in the field of coding analysis, EM auditing, and ICD-10-CM, ICD-10-AM Coding with a career span of more than a decade. He was instrumental in developing various ICD-10 coding tools, guides and has authored various ICD-10 training programs, blockchain technology in healthcare etc. Dr.Santosh Guptha has extensive knowledge in all areas of HIPAA, privacy and security, and the application of HIPAA requirements in physician’s offices and facilities settings.