1. Federal stimulus money is being poured into the cause.
a. As part of President Obama’s “American Recovery and Reinvestment Act of 2009”, $19.2 billion is being invested into America’s transition to digital health records.
b. John Kerry’s recent legislation “The Small Business Health Information Technology Act of 2009” will make family doctors and small medical offices eligible for Small Business Administration loans to cover the costly transition to electronic medical records.
2. Obama has called for mandatory digitization of medical records by 2014.
a. When Obama was elected president, he guaranteed that all health records in America will be digital by 2014.
b. As electronic medical records become standard in medical offices and hospitals, so will medical billing and coding specialists.
3. Major corporations are also helping the cause.
a. General Electric recently launched a program to increase access to technology, and reduce the cost of transitioning to electronic medical records.
b. Microsoft and Kaiser Permanente have partnered in an attempt facilitate an efficient and timely transfer to universal digital health records.
4. Baby boomers are aging.
a. With the largest generation of Americans entering retirement, more Americans will need medical attention than ever before.
b. A White House report projects a 48% growth from 2000-2016 in the demand for “healthcare support” workers, a group that includes medical records and health information technicians. Check out the graph here.
5. Heavier workloads + electronic medical records = physicians need help
a. With more Americans needing medical attention, and the shift to digital health records looming, more and more doctors are in need of medical billing and coding specialists to take care of their insurance claims; and the demand will only increase.
Good post. That’s right Medical Billing and Coding is Booming. Medical billing plays an important role in the success of the medical practice since it is the source of revenue to the business.
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Posted by Medical Billing Services | December 17, 2009, 6:50 amGreat information! Thanks!
Posted by Burton Haynes | January 9, 2010, 3:21 amYour blog keeps getting better and better! Your older articles are not as good as newer ones you have a lot more creativity and originality now. Keep it up!
And according to this article, I totally agree with your opinion, but only this time!
Posted by Billy Simmons | February 20, 2010, 5:18 amYou have really great taste on catch article titles, even when you are not interested in this topic you push to read it
Posted by Arden Reed | February 21, 2010, 2:39 pmHi!
Can anyone tell me how a Medical Billing company can check if the
Physician is reporting his revenue from the insurance companies
correctly to his billing company?
Thanks!!
Posted by Rahul Baradia | March 19, 2010, 2:47 amThanks for the great info – I loved reading it! I always love browsing good blogs. Have a great day! Can I subscibe to your site?
Posted by Mortgage horse | March 30, 2010, 6:22 pmPlus, many electronic medical records companies are now hiring and knowing medical billing and coding is a definite plus if you would like to change careers and get into sales or consulting.
Posted by Kim | March 31, 2010, 3:18 amthanks very much, I have to comment that your blog is fantastic!
Posted by Grant Davis | April 26, 2010, 7:52 pmHi – I wanted to say thank you for an cool site about a subject I have had an interest in for a long time now. I have been lurking and reading the comments avidly so just wanted to express my thanks for providing me with some very good information. I look forward to more, and taking a more proactive part in the discussions here, whilst picking up some knowledge too!!
Posted by longtail keywords | May 13, 2010, 6:11 pmThe urgent need of physicians for a medical billing service in time with Obama’s move to digitize medical records, indeed, account for the boom of medical billing companies taking over most of the billing functions like medical insurance billing.
However, in the rise of many billing companies and the immediate demand for them, physicians might get caught with fraud and incompetent billing service providers which might just result to nuisance in work efficiency on the part of the physicians and denied or overcharged claims on the part of the patients. Here’s one of the many companies that offer medical billing service and medical insurance billing that I found helpful.
Posted by Dee Ann | May 19, 2010, 9:31 pmJust found this. I’m in the middle of training for certification as a Medical Coder. I the the future only looks good for this field.
Posted by Medical Coding Guy | February 5, 2011, 10:08 amThis has been quite an informative post. Thanks for sharing.
I believe that electronic files will surely help the process.
I also this will also have an impact on addicts who are able to shop-around for doctors willing to help them with their next fix.
Krizia
Posted by Krizia | Blog Income for Women | February 13, 2011, 9:24 amMedical billing & Coding is the process of submitting and following up on claims to insurance companies in order to receive payment for services rendered by a healthcare provider.
Posted by Health Insurance | February 15, 2011, 9:11 amI always thought that medical billing was just a scam to get people to give up their hard earned money in hopes of a better job.
Posted by Jon | March 19, 2011, 3:54 amvery nice information. This is the post about Medical billing & Coding which completes all the components.
Posted by Katherine Mccain | April 8, 2011, 9:41 pm“48% growth from 2000-2016 in the demand for “healthcare support” workers, a group that includesmedical records and health information technicians.”
That’s awesome, new system=new jobs.
Posted by www.wholesaleinsurance.net | April 14, 2011, 12:21 pmOne of the problems with health care is the all the administration bloat in the system.
The movement to better billing and coding has the potential, if done correctly, cut out massive amounts of cost out of the system as well as wait times, allowing more money to be allocated to care.
Posted by Taylor | May 16, 2011, 6:31 amHealthcare nowadays is such an important issue and needs a lot of thought.
Posted by calgary mortgage broker | May 17, 2011, 11:35 amKnowing about healthcare coding sounds like something that is well worthwhile. It looks like it is a growth area that you could do well in.
Kind regards,
John
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Posted by Eric | July 16, 2011, 11:55 pm