Medical Coding for Inpatient Services Job Market
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Inpatient medical coding professionals play a vital role in the healthcare ecosystem, translating medical records into standardized codes used to bill patients and third-party payers such as insurance companies and Medicare. This is done in facilities when a patient is formally admitted for specific procedures or care.
Here’s a breakdown of their responsibilities:
- > Reviewing and managing patients’ electronic medical records
- > Assigning codes to diagnoses and procedures
- > Acting as the liaison between healthcare facilities and billing offices
Inpatient coders generally work on-site in a facility or even remotely after certain standards have been achieved. They often find opportunities in hospitals working as contractors, or insurance companies. Inpatient coders can also grow into auditing roles.
The salary for a medical coding job will vary by employer, location, and experience. But the median salary is $38,090 with potential for traditional employment benefits. Professionals with one credential often earn over $52,000 a year, with the highest 10% earning more than $73,370.*
Our aging population and an increasing number of people insured through the Affordable Care Act have made healthcare one of the largest and fastest-growing industries in the nation. Along with the rising need for health services is the increasing demand for medical coding and billing professionals. In fact, medical billing and coding jobs are growing steadily. The Bureau of Labor Statistics estimates 13% employment growth over the next 10 years.*
If you’ve already established a career as an outpatient coder, you’ve got plenty of options in terms of career pathing. We can help you prepare for the next phase of your professional life.