Medical Coding Jobs through Home
- September 5, 2017
- Posted by: marlenedubois
- Category: CPR Training
Working through home along with being paid well for the item is actually a goal of many individuals. While searching out ways to accomplish that will 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, along with just about anywhere medical services are being provided along with billed for. In addition to traditional hourly employment in that will field there are also quite a few opportunities to do that will type of work through the comfort of your own home.
A standard, hourly, medical coding job is actually what is actually usually advertised inside classifieds along with 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 along with receive benefits such as paid vacation, health insurance, along with paid holidays.
In contrast, most work through home medical coding jobs are contract positions. that will 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 that will work are called independent contractors along with are considered self employed.
Most often an independent contractor will agree to receive a specified amount of work each week, code the item within a specific time frame, maintain a certain accuracy standard, along with 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, along with paid holidays the item does offer an extremely flexible schedule along with the ability to work through home, which saves on travel, attire, along with some other related expenses.
An independent contractor can expect companies that will award coding contracts to provide the work along with coding software while they will be responsible for providing the computer hardware, internet connection, along with 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 along with will need to file schedule 1040. that will 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 along with have a minimum of three years of coding within their specialty.
Each coding specialty has its own bar rate along with 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 along with the average pay rate is actually between.65 along with.75 cents per. chart for professional coding. Based on these numbers along with 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 along with only wish to work 4 hours per day (that will’s a 20 hour week) should contract for 500 charts per week along with could expect to gross between $352 along with $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 along with receive full time earnings while working only part time hours, or they can choose to contract for a large number of charts along with 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 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 through 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 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, along with is actually awarded by the American Academy of Professional Coders (AAPC). The second credential, the CCS, stands for Certified Coding Specialist along with the item is actually awarded by the American Health Information Management Association (AHIMA).
Each of the two credentials can be earned by sitting for along with passing the 5 – 6 hour coding exam. Proper education prior to sitting for either exam is actually strongly encouraged along with 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. that will is actually required by most companies that will award independent coding contracts. the item is actually also more beneficial for a medical coder to start out that will way as well.
Succeeding as an independent contractor is actually dependent upon both speed along with accuracy along using a fresh coder will be neither. the item is actually best to earn an hourly paycheck when starting out when you can code as slow as you need to along with 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 that will offer these types of positions or contracts.
Most internet searches for “at home medical coding jobs” along with “medical coding jobs through home” usually return more solicitation or articles than job leads. the item 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 not bad way to hear of such opportunities through the local coding community. In addition, an individual may try calling medical coding organizations along with 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, along with med data.