Medical Coding Jobs by Home
- October 12, 2017
- Posted by: marlenedubois
- Category: CPR Training
Working by home as well as also being paid well for This particular is actually a goal of many individuals. While searching out ways to accomplish This particular goal many have stumbled upon a niche field in medical administration called “medical coding”.
Medical coding positions are present in hospitals, physician offices, insurance companies, home health agencies, as well as also just about anywhere medical services are being provided as well as also billed for. In addition to traditional hourly employment in This particular field there are also many opportunities to do This particular type of work by the comfort of your own home.
A standard, hourly, medical coding job is actually what is actually usually advertised inside the classifieds as well as also help wanted ads. These positions usually require individuals to be present at a specific location, punch a time clock, etc. Employees are usually paid at an hourly rate as well as also receive benefits such as paid vacation, health insurance, as well as also paid holidays.
In contrast, most work by home medical coding jobs are contract positions. This particular means in which a larger company who has multiple clients farm out the work into smaller portions on an individual basis. Individual medical coders who are awarded a portion of This particular work are called independent contractors as well as also are considered self employed.
Most often an independent contractor will agree to receive a specified amount of work each week, code This particular within a specific time frame, maintain a certain accuracy standard, as well as also in return are usually paid on a “per. chart coded” basis. While such positions usually do not include benefits such as paid vacation, medical insurance, as well as also paid holidays This particular does offer an extremely flexible schedule as well as also the ability to work by home, which saves on travel, attire, as well as also additional related expenses.
An independent contractor can expect companies in which award coding contracts to provide the work as well as also coding software while they will be responsible for providing the computer hardware, internet connection, as well as also medical coding books. Independent contractors are also responsible for withholding their own taxes since their payments are made on their gross earnings. At year end individuals will receive a 10-99 instead of a W-2 as well as also will need to file schedule 1040. This particular can also be a benefit since work related expenses such as coding books, internet, computer, etc. can be considered a tax deduction.
Most independent contraction positions are available for a specific specialty, such as pediatrics, emergency medicine, or dermatology. These positions normally require in which contractors hold either a CPC or CCS coding credential as well as also have a minimum of three years of coding within their specialty.
Each coding specialty has its own bar rate as well as also standard pay rate. These are important to know when discussing a contract. For example, when coding emergency medicine the standard bar rate 25 charts an hour as well as also the average pay rate is actually between.65 as well as also.75 cents per. chart for professional coding. Based on these numbers as well as also an average work week of 40 hours (for full time) or 20 hours (for part time) an independent contractor can choose the number of charts to contract for each week based on their own speed.
For example, individuals who code the standard 25 charts an hour as well as also only wish to work 4 hours per day (in which’s a 20 hour week) should contract for 500 charts per week as well as also could expect to gross between $352 as well as also $375 each week. The faster an individual can code the more money they can make, so an individual who can code 50 charts per hour can either choose to contract for full time work as well as also receive full time earnings while working only part time hours, or they can choose to contract for a large number of charts as well as also increase their earnings.
While speed is actually important to an independent contractor’s earning potential accuracy is actually equally important. Most companies who award coding contracts stipulate in which the medical coder must maintain a certain accuracy in their coding in order to keep their contract. The accuracy rate usually falls between 96% – 99%. Charts coded by the medical coder are routinely audited by the company to ensure their rates are being maintained.
Prior to being considered for a work by home medical coding job there are several things one must do. The first is actually to earn either a CPC or CCS coding credential. While there are multiple coding credentials in which are awarded by numerous organizations these are the only two in which are commonly recognized among employers nationwide.
The CPC stands for Certified Professional Coder, as well as also is actually awarded by the American Academy of Professional Coders (AAPC). The second credential, the CCS, stands for Certified Coding Specialist as well as also This particular is actually awarded by the American Health Information Management Association (AHIMA).
Each of the two credentials can be earned by sitting for as well as also passing the 5 – 6 hour coding exam. Proper education prior to sitting for either exam is actually strongly encouraged as well as also selecting the right organization to prepare you should be done carefully.
Once an individual has earned either their CPC or CCS credential the next achievement should be to gain some on the job coding experience. This particular is actually required by most companies in which award independent coding contracts. This particular is actually also more beneficial for a medical coder to start out This particular way as well.
Succeeding as an independent contractor is actually dependent upon both speed as well as also accuracy as well as also a brand-new coder will be neither. This particular is actually best to earn an hourly paycheck when starting out when you can code as slow as you need to as well as also you are able to ask as many questions as you may have to.
Once an individual has gained two to three years of on the job medical coding experience they will be considered for most independent coding contract positions. The next step is actually to find such companies in which offer these types of positions or contracts.
Most internet searches for “at home medical coding jobs” as well as also “medical coding jobs by home” usually return more solicitation or articles than job leads. This particular is actually better to use search phrases such as “medical coding independent contractor” or “remote medical coding jobs”. Attending local AAPC chapter meetings is actually also a Great way to hear of such opportunities by the local coding community. In addition, an individual may try calling medical coding organizations as well as also ask if the positions they are hiring for develop the ability to become remote.
Examples of some companies who hire independent medical coding contractors are avia code, maxim health information services, as well as also med data.