A career as a medical coder can be very rewarding as it offers numerous benefits, all of which contribute to a fulfilling and prosperous professional path. From offering job security in an industry characterized by high demand to offering flexible work arrangements, a career in medical coding offers several opportunities for professionals seeking growth, stability, and personal fulfillment.
After reading this article, you'll find a clear answer to the question of "Is Medical Coding a Good Career?" will be answered. Here are 5 reasons why pursuing a career as a medical coder is an attractive option.
1. Job Security
One of the primary benefits of being a medical coder is its means in providing stability and job security. With a projected shortage of coders reaching approximately 30%, the demand for medical coding expertise has surged, marking a critical need in the industry. With the growing utilization of electronic health records (EHR’s) and the ongoing transition towards value based care frameworks, the demand of skilled medical coders is expected to remain strong. Additionally, medical coding stands as a profession resilient to economic downturns, given the essential nature of healthcare services.
2. Competitive Salary
Medical Coding provides the opportunity to earn a competitive salary as the median annual wage was $47,180 in 2022, with top earners making over $75,460 according to the U.S Bureau of Labor Statistics. It is also a projected 8% growth in employment for this profession from 2022 to 2032 which indicates a growing demand for the profession.
3. Flexibility
A considerable number of medical coders have the option to work remotely or opt in for some kind of flexible schedule, granting them the privilege to balance work responsibilities with personal obligations and pursuits. According to Zipdo, nearly over 62% of medical coders and billers work from home at least part of the time.
4. Continuous Learning and Professional Development
Medical coding is a dynamic field that is constantly evolving, presenting numerous avenues for ongoing learning and professional development. Medical coders must remain knowledgeable about changes in regulations, industry trends, and coding guidelines to retain their skill level and ensure adherence to coding standards. One of the primary avenues for continued education in medical coding is through certification programs. Practice Management Institute’s Certified Medical Coder (CMC) certification program signifies an ongoing commitment to continued professional development. Those who continue to expand their professional knowledge will have an edge in today's ever-changing healthcare climate.
5. Contribution to Healthcare
A medical coder does not require direct patient care, yet they serve a vital role in the healthcare industry. One of the most fulfilling aspects of being a medical coder is the promotion of seamless communication and information exchange among healthcare providers, insurance companies, and regulatory agencies. The accurate assignment of codes in patient’s medical records ultimately enables informed decision making, quality assessments, and proper evaluation.
Interested in becoming a medical coder, or perhaps take your existing career to new heights? Take the first step by reviewing our certification program options!
Learn more:
Take the online Medical Coding Assessment
Review financial options
Submit a question: info@pmiMD.com