In a recent update published in its official website, the U.S Bureau of Labour Statistics (BLS) emphasized the significance of medical billing and coding companies in the healthcare sector. The bureau observed that both medical billing and coding consisted of specific set of tasks and it was important that healthcare organizations understood them and implemented them for better results. The BSL remarked that understanding the specific tasks of medical billing and coding were not only important for medical billing and coding companies but also for healthcare organizations that employ staffs for medical billing and coding tasks.
In addition to the BLS, several agencies that monitor healthcare systems in US have remarked about the special consideration needed to be given to medical coding and billing companies. Of late, the role of medical billing and coding companies in healthcare system has grown significantly to the extent of becoming an evitable part. However, it has to be understood that the medical billing and coding firms are yet to develop into their full potential. Moreover, in many healthcare institutions, both medical coding and medical billing are done under one roof. It appears that the difference between medical coding and medical billing is yet to be understood by the most.
A recent study conducted in some of hospitals in US has found out that the separation of medical billing and coding depends largely on factors such as the resources of the facility, the size, the number of staff, etc. While multi-speciality healthcare facilities are capable of running independent departments for both medical billing and coding, small facilities are way behind in it. They will usually have a mixed arrangement for both medical billing and coding.
Medical Billing vs Medical Coding
Both medical billing and coding are interrelated. However, they are entirely different in nature. Medical billing is easier as compared to medical coding. Most hospitals do not check the certification of the candidate before hiring medical billers. On the other hand, they flawlessly check the certification details of the candidate before hiring medical coders. The reason is simple. Medical coding is a skilled job and needs to undergo certification programs to master it.
The surge of medical billing and coding companies in different parts of the country and outside offer better career prospectus for candidates with medical billing and coding certifications. Of late, the Federal government has started pressurizing healthcare organizations in the country to invest in medical billing and coding.