Every
year, millions of graduates and post-graduates join the Indian workforce, but
most are only qualification-ready and lack the necessary skill sets to start on
a job immediately. As a result, unemployment increases. In most cases,
unemployment is a result of the prospective candidates not being tech-savvy and
still being raw.
According
to various industry reports, the predicted size of the Indian healthcare
industry is set to be about US$
280 billion by 2020. This is indicative of a rise in the number of
hospitals and healthcare systems, thereby leading to a rise in the number of job
opportunities in various fields of healthcare industry, other than core medical
professions like medicine and pharmacy. This also reinforces the fact that the
industry has tremendous growth opportunities for the medical BPOs/KPOs
especially in the field of medical billing and coding, patient collection
services, HME (Home Medical Equipment) billing and other medical data
management related services.
Medical
coding is fast catching up as one of the booming careers in healthcare
management industry.
Medical
coding is an healthcare affiliated industry. It acts as an accessory but is
very critical in the RCM (revenue cycle management) process. The process of
conversion of diagnoses and medical procedures into the international code
system (ICD & CPT) is known as Medical Coding.
Anyone
who is a graduate can join this field, particularly those with Life Sciences
background or major in college or school will be an additional advantage to
start off. An analytical and focused mind is essential for Medical Coders and
it is this important ability that creates a successful coder.
Vcodemy
is proud to offer a 4 months course in Medical Coding. It will be an online
course and you can join the course and complete it from the comfort of your
home or office. An AAPC certified coder will be guiding you and help you to
complete it successfully.
As
the number of organizations looking for medical coding specialists increases,
students can look forward to a growing job market with plenty of options. The
general career progression of a medical coder is as follows:
Trainee Coder
Coder
Senior Coder
<!--[endif]-->Quality Analyst in Coding
Specialized Process Coach (Emergency Department
/In-Patient / Evaluation and Management/Surgery
Coder/Radiology/Anesthesia/Pathology) and many more
Team Lead
Process Lead
Manager
Assistant Manager
Senior Manager
India
is the preferred destination for offshore medical coding and medical billing.
The healthcare industry is growing at a great pace with the demand for medical
coders increasing exponentially. The demand & supply gap of certified
medical coders is approximately 40% and the gap has been widening over the last
two years. Being one of the most demanding sectors, medical coding is
undoubtedly creating numerous job opportunities for medical enthusiasts and
life sciences students.
While
every other sector and job is being impacted by technology and automation,
medical coding may not face many challenges in terms of human resource. The
recent advance of computer assisted coding (CAC) has only helped ease the job
of medical coders. It is a tool which helps improve productivity and increase
accuracy of the highly critical coding process. Coding being the very first
step in revenue cycle management process, automated coding is a step towards
processing claims faster as well. Automated coding is in fact helping save
costs easing the work of coding operations.
Medical
coding is a very apt job for women. Being a desk job it is a comfortable job
for women with fixed working hours. As this profession involves organizing and
maintaining medical information converting them into predefined codes it is
well-designed for women, as women are believed to be good at managing and
organizing things.
Although
healthcare outsourcing represents only 5-10% of total outsourcing market, the
likeliness of growth is relatively high because of the growing demands for
quality care. The need and demand for medical coding will only keep rising in
the coming years.
Thus, medical coding is certainly a great career option for students
looking for a rewarding, challenging, well-respected and lucrative profession
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