Medical Insurance Coding Degree Job Opportunities

Find Career and Employment Opportunities in Medical Insurance Coding

Medical insurance coding degrees teach students how to generate coded data for insurance billing purposes. Students that have completed a degree program in this field will be prepared to work as a health care administrator, medical transcriptionist, or medical coding specialist.

Medical Insurance Coding Degree Programs

Medical insurance coding degree programs are typically completed at the associate degree level, and training may also be available on the job. Individuals that wish to become certified medical coders will need to pass exams offered by the American Health Information Management Association and the American Academy of Professional Coders. Individuals that pursue this degree program will be prepared to work as medical transcriptionists, coding specialists, or health care administrators.

Coding Specialist Job Opportunities for Medical Insurance Coding Degree Graduates

Medical coding specialists read and review medical documentation provided by health care providers in order to obtain information about a patient’s operations, disease, procedures, or injuries. This information is translated into numeric codes that are used for reimbursement of hospital and physical claims for insurance payments, Medicare, Medicaid, and others. This information is also used to prepare statistical reports used by the facility’s administrator for management, planning, and marketing purposes. Salary for this field can range from $25,000 to $40,000 per year.

Medical Transcriptionist Job Opportunities for Medical Insurance Coding Degree Graduates

Medical transcriptionists work to with machines to listen to recordings by physicians and other healthcare professionals. They may transcribe a number of dictated medical reports, including operations, chart reviews, final summaries, ER visits, or diagnostic imaging studies. They will need to edit reports as necessary in electronic or print forms, and they will need to translate medical terminology and acronyms into their expanded form on some reports. This field requires active listening, typing, and communication skills. According to the U.S. Bureau of Labor Statistics, the median annual salary for a medical transcriptionist in 2009 was $32,600, or $15.68 per hour. This field is expected to have average job growth of 7-13% through 2018, which totals 23,500 job openings.

Health Care Administrator Job Opportunities for Medical Insurance Coding Degree Graduates

Health care administrators typically work with hospitals, clinics, government, or public health agencies to conduct and administer financial operations including establishing rates for service, planning budgets, accounting, and financial reporting. They direct and supervise the work activities of staff members and maintain communication between the department and governmental heads. They also work to promote optimal health among employees and clients and may establish programs and presentations to do so. According to the U.S. Bureau of Labor Statistics, the median annual salary for one of these professionals in 2009 was $81,850, or $39.35 per hour. Projected growth in this field is faster than average at 14-19%, leading to an estimated 100,000 job openings through 2018.

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