Billers and Coders Digest |
News, Views and more....
Wednesday July 16, 2013 | Edition 1.50
Subscribe to our Free Newsletter |
|
|
A monthly update on Billing and Coding Information |
Steady growth & job diversification for medical billers and coders! |
Consistent progress in the health care sector for the last few years; has left professionals associated with the industry in no doubt that they are working in a dynamic and secure industry. Moreover despite the recession the industry has gradually progressed; offering increased opportunities especially to - medical coders, billers, practice managers, auditors and educators.
Prominent Reasons for Steady Growth-
New and changed methods of making payments to federal and commercial payers have been developed and mandated, requiring increased professional support |
Diverse type of practice mix and sizes have evolved along with increased associations; leading to a much greater than before need of specialists to help streamline the medical billing process...
Read More |
|
Growth in salary- As medical billers and coders gain more credibility for knowledge and expertise; their salary graph has also steadily increased. Industry standards state the average salaries for 2012 were-
- Certified Coder– $47 796 (up nearly $900 from last year)
- Certified Coder – Hospital Outpatient– $56466 (up nearly $1800 from last year)...
Read More
|
|
Physicians engage Billers and Coders to ensure a smooth ICD-10 transition! |
Physicians are gradually becoming aware about the magnitude of change required for the upcoming ICD-10 transition; especially
for both clinical systems as well as medical billing management. Read More |
|
News Feed |
1
|
U.S. Department of Labor reports that, on average, medical coding and billing professionals earn over $33,000 a year |
2 |
The Assn. of American Medical Colleges estimates a shortage of 46,100 primary care physicians and 45,400 doctors from other specialties by 2020 |
|
|
|
|
|
|
Tips on acquiring maximum income from payers
- Review all original agreements, addenda, and fee schedules prior to coding
- Annually Review payer contracts made with payers for coding guidelines, policies, and pre-certification and authorization requirements
- Constantly review updates on current CPT®, HCPCS Level II, ICD code changes and appropriate modifiers
- Recheck the payer details before submission like - name and identification number on the insurance cards are submitted with the claims
- Ensure compliance with all requirements for claims submission like - method and mode of submission
- Assess Electronic Remittance Advice (ERA) and Explanation of Benefits (EOB) for possible errors, due to code changes, reimbursement
rates and adjustments
|
|
Visit Job Board… |
|
|
Toll Free Number - 888 357 3226
All Rights Reserved. Copyright @ 2012 MBC www.medicalbillersandcoders.com |
|