Medical Coding At Home: Catching The Upside Of Obama's Stimulus Plan

So Congress passes a comprehensive stimulus plan. It includes a rather large provision for modernizing the country's health information technology. By doing so, President Obama and the US lawmakers look to lower the cost of healthcare and pass the savings onto the consumers, ideally lowering the cost of insurance, medicine, and services.

It's a great plan. Since the mid 90's, large hospitals have been integrating their information system as part of the Y2K initiative. Back then, many analysts priced the cost of integration in the billions of dollars. Very expensive for small organizations. But the stimulus plan will provide money and incentive for smaller hospitals, physicians networks, and solo practitioners who didn't have the money to undertake the same cost-cutting measures.

The health care technology modernization program will make it efficient for different medical organizations to share information on patient records, as there is often a need to do so, especially when collaborating on treating the patient. When implemented, it will take less time to process claims and less paper to maintain and store patient records. That's because patient records and the methods to access them will be computerized. No longer will there be a need to pay for storage full of file folders and drawers. Ink and paper, especially the expensive formatted paper, will not be needed as much or at all. Additionally, When information is needed, it can be retrieved at a touch of a button from a computer station instead of fetching it from file folders which could take a few minutes or days if the file is old.

The cost savings and efficiency measures are necessary because the senior population of the US is growing. Seniors need medical attention as part of their routine. Remember the baby boomers? The hippie generation is getting older, but still live actively. Unlike the senior generation before them, properly maintained health care lets the aging boomers live an active lifestyle.

What does this mean to a medical coder? It means jobs. They are already an integral part of the existing health care system. Whenever a patient visits his doctor, the records of his visit must be entered in the system carefully and accurately in case another doctor needs to see it for emergency. The growing patient base will require scaling of everything health care, including medical coding.

For a certified medical coder with entrepreneurial tendency, there are plenty of small physicians network, dental offices, solo practitioners sprinkled around the United States. They are in small towns and large urban areas. These smaller organizations are prime candidates to target as clients.

Traditionally, small medical offices do not have the money to hire an in-house medical coder. Sometimes, they have one of the untrained office administrators do the requisite medical coding work for billing and insurance claim. The result is not always up to par with industry standards, but it got them by. Such ragtag practice will likely not work anymore with the new stimulus plan because in order for the cost saving measure to take effect, the data must be standardized throughout the nation.

A certified medical coder with the proper experience have the right skills and knowledge to jump in and start working. More importantly, if the medical coder has the right contacts, i.e. knows the doctor who owns a solo practice or the office manager, then he or she can arrange for assignments. The patient records can be picked up, enter the medical coding from home and returned them in a digital format. The routine can be scaled up into a homegrown business which has become the dream of many Americans.

Medical coding is a flexible career in healthcare. If you don't like owning your own business, then you can work for an agency or a hospital. To become one is also flexible. The trend for many students is to attend any the online medical coding school for convenience.

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