10 Advantages of Choosing a Career in Medical Insurance Billing

February 20, 2015 Updated: April 23, 2016

These days, steady jobs are at a premium. People find themselves out of work but still need to pay their bills.  Perhaps you have seen an advertisement either on the Internet or on television for medical insurance billing and wonder if the information is true – is it possible to create a new career in the medical industry even if you’re not a doctor or nurse? Is it a good idea to become a medical billing professional yourself? The truth is that you will find that there are a lot of advantages to this career path. Below are 10 advantages of going into the medical billing field.

You will be in High Demand

Healthcare is among the leading industries in the United States. It accounts for approximately 17.9 percent of the country’s GDP, and it’s still growing, according to the Work Bank website.  Regarding the professionals in medical coding and billing, the United State Department of Labor expects that there will be a 21 percent increase in job openings until 2020, based on the O*Net Online website.

It’s a Secure Field

With the growing number of older people in the population, the need for medical and support personnel will increase, based on an article on the Oxford Journals website. Even if the United States adopts a system like Canada’s, there still will be jobs for the specialists to handle the paperwork. This is a breath of fresh air when so many other fields aren’t secure.

You’re Able to Train Quickly

You are going to need some specialized training. However, if you have a high school or equivalent diploma, it’s possible to earn your college certification in a year or even less.  You don’t have to spend years in school trying to get a degree, meaning that you can start earning money sooner.

You Don’t Have Contact with Patients

When you are in this field, you are going to enjoy all of the benefits of working in health care without being exposed to bodily fluids, germs, or some other things that can make you squeamish.

You’re going to Work in a Professional Environment

Chances are that you will work in a clinic, hospital, doctor’s office, or another environment with professionals.  You also might work for one of the insurance companies in a corporate office.

It May be Possible to Work from Your Home

Similar to medical transcription, this is a field that you may be able to do from your own home.  This is a wonderful career choice for mothers with young children at home or other people who would rather not go out and commute to work every day.

It may be Possible to do the Job Part-time

A lot of professionals only work half a day or on the weekends and evenings.  If you are looking for a job that is flexible, this is a great choice for you.  If you are also looking for a little extra cash to save up for a house or for a dream vacation, this is also a great option.

The Pay is Competitive

The amount you are compensated is going to depend on your location, the conditions of the job market, whether you are working part-time or full time, and how experienced you are. According to the Payscale website, the median wage is $11.86 per hour. States such as New York and California tend to offer more per hour.

There’s Opportunity for Growth

When you have experience and time, the income that you make could double or even more.  Across the United States, some specialists are making over $56,000 per year. So you have the opportunity to make even more money once you get some experience under your belt.

The Skills Will Serve You Well

The skills that you learn when you are going into this field are going to be invaluable in many other fields. No matter what industry you are in, if it relies on very detailed documentation, it will help you get a job.  You might be able to get a job with an insurance company, a bank, or even a lending organization thanks to your experience and your skills that you have gained.

As you can see, there are many advantages of going into this field. Not only will you have the advantages above, but you are going to have a job that you can be proud of.  

If you have made the decision to go into this field, it will be important to go and find a good school at which to train.  Look into a school such as Vista College, which offers this type of program. Then you will be on your way to a brand new and secure career.