Medical Coding Jobs coming from Home
- August 7, 2017
- Posted by: marlenedubois
- Category: Home Health Aide Training
Working coming from home in addition to also being paid well for This kind of will be a goal of many individuals. While searching out ways to accomplish This kind of 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, in addition to also just about anywhere medical services are being provided in addition to also billed for. In addition to traditional hourly employment in This kind of field there are also numerous opportunities to do This kind of type of work coming from the comfort of your own home.
A standard, hourly, medical coding job will be what will be usually advertised within the classifieds in addition to 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 in addition to also receive benefits such as paid vacation, health insurance, in addition to also paid holidays.
In contrast, most work coming from home medical coding jobs are contract positions. This kind of means that will 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 kind of work are called independent contractors in addition to also are considered self employed.
Most often an independent contractor will agree to receive a specified amount of work each week, code This kind of within a specific time frame, maintain a certain accuracy standard, in addition to 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, in addition to also paid holidays This kind of does offer an extremely flexible schedule in addition to also the ability to work coming from home, which saves on travel, attire, in addition to also some other related expenses.
An independent contractor can expect companies that will award coding contracts to provide the work in addition to also coding software while they will be responsible for providing the computer hardware, internet connection, in addition to 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 in addition to also will need to file schedule 1040. This kind of 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 that will contractors hold either a CPC or CCS coding credential in addition to also have a minimum of three years of coding within their specialty.
Each coding specialty has its own bar rate in addition to 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 in addition to also the average pay rate will be between.65 in addition to also.75 cents per. chart for professional coding. Based on these numbers in addition to 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 in addition to also only wish to work 4 hours per day (that will’s a 20 hour week) should contract for 500 charts per week in addition to also could expect to gross between $352 in addition to 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 in addition to also receive full time earnings while working only part time hours, or they can choose to contract for a large number of charts in addition to also increase their earnings.
While speed will be important to an independent contractor’s earning potential accuracy will be equally important. Most companies who award coding contracts stipulate that will 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 coming from home medical coding job there are several things one must do. The first will be to earn either a CPC or CCS coding credential. While there are multiple coding credentials that will are awarded by numerous organizations these are the only two that will are commonly recognized among employers nationwide.
The CPC stands for Certified Professional Coder, in addition to also will be awarded by the American Academy of Professional Coders (AAPC). The second credential, the CCS, stands for Certified Coding Specialist in addition to also This kind of will be awarded by the American Health Information Management Association (AHIMA).
Each of the two credentials can be earned by sitting for in addition to also passing the 5 – 6 hour coding exam. Proper education prior to sitting for either exam will be strongly encouraged in addition to 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 kind of will be required by most companies that will award independent coding contracts. This kind of will be also more beneficial for a medical coder to start out This kind of way as well.
Succeeding as an independent contractor will be dependent upon both speed in addition to also accuracy in addition to also a brand new coder will be neither. This kind of will be best to earn an hourly paycheck when starting out when you can code as slow as you need to in addition to 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 will be to find such companies that will offer these types of positions or contracts.
Most internet searches for “at home medical coding jobs” in addition to also “medical coding jobs coming from home” usually return more solicitation or articles than job leads. This kind of will be better to use search phrases such as “medical coding independent contractor” or “remote medical coding jobs”. Attending local AAPC chapter meetings will be also a Great way to hear of such opportunities coming from the local coding community. In addition, an individual may try calling medical coding organizations in addition to also ask if the positions they are hiring for possess the ability to become remote.
Examples of some companies who hire independent medical coding contractors are avia code, maxim health information services, in addition to also med data.