Medical Transcription or Medical Coding and Billing – Which is a better career for me?

Medical Transcription or Medical Coding and Billing – Which is a better career for me?

If you are considering a career in the healthcare field, medical transcription and medical coding and billing are all rewarding careers. It really depends on which is the best fit for you. Despite hard economic times, a career in the healthcare industry is offering stable employment and this is the reason why so many people are looking to enter into these careers.  The Bureau of Labor Statistics states that Medical Transcription will have a job growth of 8 % through the year 2022 and medical billing and coding will have a job growth of 22% through the year 2022.  

Here is a comparison of these healthcare careers:

Medical Transcription

Description:

A medical transcriptionist listens to audio dictations recorded by a doctor and accurately types them out to be placed into the patient’s permanent file.

 

Skills:

Good listening skills, detail-oriented, communicate clearly, sit for long periods of time, basic computer skills, good command of the English language, and a basic understanding of medical terminology.

Training:

Need to take a medical transcription certification program that will prepare you to start working right after you graduate.

Certification:

Any higher certification is optional.

Salary:

2013 Median $35,260 ($16.95 hourly)

Work Locations:

Work from home, hospitals, physician’s office, clinics, transcription services, healthcare agencies, etc.

Medical Coding & Billing

Description:

A medical coder assigns alphanumeric  diagnostic and procedure codes to medical reports and a medical biller uses those codes to submit claim forms to insurance companies to get them paid. (Medical coders and billers perform two different job roles and are two separate jobs).

Skills:

Good listening skills, detail-oriented, communicate clearly, sit for long periods of time, basic computer skills, basic knowledge of anatomy and physiology, basic math skills, and knowledge of diagnosis and procedures coding.

Training:

Coder – Need to take a medial coding training course that prepares you to take your CPC or CCA certification. Biller: Need to take a medical transcription certification program that will prepare you to start working right after you graduate.

Certification:

Coder: CPA or CCA certification – highly recommended by most all employers. Biller: Any higher certification is optional.

Salary:

2013 Median $37,710 ($18.13 hourly)

Work Locations:

Hospital, medical practice, billing office, nursing homes, physician’s offices, insurance companies, etc.

These career fields are all exciting and challenging at the same time. They all have their own unique characters, so make sure and choose something that you’re going to enjoy and love doing. It’s important to do your research and see how much opportunity there is for you in this career field before jumping in. Good luck with your new career!