6 Reasons Why Medical Billing Employment is Booming

Medical billers work behind the scenes in the health care industry. From the 2010 – 2020, the area of medical billing is expected to grow 21%. That’s about 37,000 employees being added to the workforce. So what created this burst of hiring in the field?

  1. Insurance changes: With the complex laws and ever changing structure of modern insurance, medical billers are essential in helping accurately translate and piece together a patient’s billing. Medical coders and billers have to be on the forefront of technology and classification systems and be able to understand treatment and procedure histories.
  2. Flexibility: Medical billers can work from a number of places. They can often find work in hospitals, physicians’ offices, or third party billing sources. Some are even self-employed. Because there are so many options for places of employment, more and more are choosing to go down this path.
  3. Education: This career is easily accessible with a few years of college and the earning of an associate’s degree or professional certificate. More and more community colleges and other institutions are offering medical record billing programs and helping students get their careers underway. After taking several classes in things like anatomy and physiology, coding, health care systems and reimbursement method, someone could be well on their way to a successful and solid career.
  4. Earning Potential: Medical billing has great earning possibility for the educational investment. Medical record keepers The average salary is over $32,000 a year, but the top performers make over $52,000 annually.
  5. Populating Aging and Growth: One segment of the population, the baby boomers, moves towards retirement. At the same time, millions of millennials are moving into their careers, getting their own insurance, getting married and starting families. All of this shifting – retirement, new babies, growing families – creates more work in the health care industry, and as a result, more work for health support workers.
  6. Digital Records: Because of both the government incentives and forward thinking physicians, there is a heavy push for all medical records to be digitized. This creates a heavier workload for a lot of medical offices. This creates a need for medical billers to handle the overflow of work.

Medical billing can be a fast paced and challenging work environment, but there is definitely the benefit of knowing that it’s a career path that has weathered through and thrived in the recession and provides many with a steady, welcoming career.

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