How to Figure Return on Investment for Medical Coding Certification
It really does pay to be a certified medical biller/coder, no matter what designation you choose to pursue. Surveys conducted by the AAPC indicate that coder salaries have continued to increase despite economic downturns. One possible reason for this is that getting payers to pay claims is becoming increasingly difficult.
Because reimbursement is code-based, providers are even more dependent on hiring people with strong billing and coding expertise than ever before. As an experienced coder, you practically pay for your own salary with the money you save your employers and through your ability to abstract all billable procedures from the medical record.
Another bonus of certification is that you have access to multiple career paths and a greater salary potential. The more certifications you have, the more employment options are open to you. Many coders who responded to the AAPC survey indicated that their duties involved more than just coding, and many of them took on and got paid for more responsibility in their workplaces.
For example, a solid knowledge of coding is a bonus for billing managers, account receivable representatives, and medical practice managers. And those titles equal more money in your pocket!
Getting the proper certification is money in the bank for you. Doing so ensures that you have the proof of abilities, which will, in turn, get you the job you really want. And if you want to tack on even more certifications, you can do that.