How to Become a Certified Coding Specialist #certified #coding #classes #online,


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How to Become a Certified Coding Specialist

Should I Become a Certified Coding Specialist?

A certified coding specialist. also referred to as a medical coder or health information technician, is a medical professional responsible for overseeing patient records and ensuring bills are paid properly and on time. These medical professionals work as intermediaries who are in contact with the insurance company, billing office and health clinic. They work at hospitals, physicians’ offices, government organizations and nursing care facilities. They spend long periods sitting at desks, on computers. Most coding specialists work full-time and need to serve overnight and weekend shifts.

Career Requirements

Medical billing and coding

Certified Coding Specialist (CCS), Certified Coding Specialist-Physician-based (CCS-P)

Detail-oriented; communication and analytical skills; use of medical software programs

$37,110 (2015 median salary for all medical records and health information technicians)

Sources: U.S. Bureau of Labor Statistics (BLS), Monster.com job postings (November 2012)

Certified coding specialists have associate’s degrees in medical billing and coding, and they earn certification through the American Health Information Management Association (AHIMA). They are detail-oriented professionals with good communication and analytical skills and the ability to use medical software programs.

According to the U.S Bureau of Labor Statistics (BLS), the annual median salary for medical records and health information technicians, which includes certified coding specialists, was $37,110 in 2015.

Find schools that offer these popular programs

  • Health Care Administration
  • Health Information and Records Admin
  • Health Information Technology
  • Health Management and Clinical Administration
  • Health Unit Coordinator
  • Health Ward Supervisor
  • Medical Administrative Assistant or Secretary
  • Medical Claims Examiner
  • Medical Facilities Management
  • Medical Insurance Billing and Coding
  • Medical Insurance Services
  • Medical Office Computer Technologies
  • Medical Office Management
  • Medical Office Specialist
  • Medical Receptionist
  • Medical Staff Services
  • Medical Transcriptionist

Steps to Be a Coding Specialist

What do I need to do to be a certified coding specialist?

Step 1: Pursue a Postsecondary Education in Medical Billing and Coding

Many coding positions seek individuals with an associate’s degree in medical billing and coding. Courses provide knowledge in medical terminology, reimbursement methods, pathophysiology and commonly used coding systems, including CPT and ICD-9. Students are also taught the details of the Health Insurance Portability and Accountability Act (HIPAA) as well.

Step 2: Gain Work Experience

While work experience is not a requirement to become certified, obtaining 2-3 years of work experience is also highly recommended. Hospitals, clinics, physicians’ offices and insurance companies are common work environments for medical coders. Individuals enrolled in a degree program also have the opportunity to enroll in an internship to gain hands-on training and some recommended work experience.

Step 3: Pursue Certification

The AHIMA oversees the certification exam for aspiring coding specialists. It offers several certification designations, including the Certified Coding Specialist (CCS) and the Certified Coding Specialist-Physician-based (CCS-P). The CCS is geared towards hospital-based coding professionals. Both tests consist of two parts, including multiple-choice questions and patient-case scenarios for medical coding. Both the CCS and the CCS-P exams test on ICD-9 and CPT coding systems. The CCS-P also includes testing on the Healthcare Common Procedure Coding System (HCPCS).

Step 4: Take Continuing Education Courses and Renew Certification

The BLS reported that health information technicians (which include certified coding technicians) need to regularly renew their certification and take continuing education classes. The AHIMA offers seminars, conferences and webinars that provide beneficial experiences for certified coding specialists and meet these requirements. CCSs and CCS-Ps must complete at least 30 continuing education units (CEUs) like these every certification cycle, as well as pay a renewal fee. CEUs are completed through college courses.

Step 5: Consider Pursuing a Bachelor’s Degree

Coding specialists looking to pursue promotional opportunities may need a bachelor’s degree in health administration or a related field, so coding specialists should keep that option open to them if they wish to advance.

Certified coding specialists have associate’s degrees and certification. They use medical software programs while overseeing and updating patient records, and they earn a median annual salary of $37,110.

Next: View Programs

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    • MS in Nursing: Health Care Informatics
    • BS in Health Care Administration
    • BS in Health Sciences: Professional Development & Advanced Patient Care
    • Bachelor of Science in Behavioral Health Science
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    • Master of Health Administration in Health Systems Management
    • Master of Science in Health Informatics
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    • AA in Health Services Administration
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  • Find your perfect program


    03/11/2017

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    To expand school computer coding clubs in Wales – BBC News


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    £1.3m to expand school computer coding clubs in Wales

    Media caption Education Secretary Kirsty Williams and Iolo, 10, on computer skills

    Schools are to be given £1.3m to set up clubs to teach computer coding.

    The investment over five years is part of the Welsh Government’s £100m to raise school standards over the assembly term.

    Education Secretary Kirsty Williams said she wanted all pupils to have the opportunity to learn about and get involved in coding as the importance of digital skills continues to grow.

    It is estimated there will be 100,000 new coding jobs by 2020 in the UK.

    The Welsh Government said there are currently about 1.5 million jobs in the digital sector in the UK, 400,000 of which involve coding.

    “Code is part of almost everyone’s life,” said Ms Williams. “When we check out social media, access an app or computer we are using systems created through code. It is an essential building block of our modern world and I want to make sure as many of our young people have knowledge of it as they develop their digital skills.”

    The investment aims to expand the number of code clubs for learners aged three to 16 from the current number of 300.

    Three years ago experts warned schools in Wales were in danger of being left behind in terms of digital education.

    The new national curriculum, expected to be up and running by 2021, includes a recommendation computer programming and IT be given the same importance as literacy and numeracy.

    Image copyright Getty Images

    • Computer code is a set of rules and instructions, made up of words and numbers
    • When you put them in the right order, it will tell your computer what to do
    • Code is what makes it possible to create computer software, apps and websites
    • The apps on your phone, Facebook and this page you’re reading is all made with code

    Ms Williams made the announcement at Llandough Primary school in the Vale of Glamorgan, where computer skills are already taught throughout the curriculum from nursery to year six.

    But the school headmaster hopes the coding club it plans to open from September will add another dimension to learning.

    “We are using coding on a daily basis and we’re engaged with lots of different companies who have helped us set up coding in our school,” said Mark Ellis.

    “The curriculum itself is bringing coding into our school as well, but we are going to look to the wider community now and we want to look at our grandparents, our parents, and younger siblings coming in using our technologies to be able to have coding experiences and use them in the wider world.”

    He explained the club model would offer flexibility and involve families so they can play a full part.

    “There is a lack of understanding for some parents who have not seen what coding is and what it brings to children,” he said.

    Image caption Pupils at Llandough Primary School will get a coding club from September

    Maria Quevedo from the Raspberry Pi Foundation, which runs 10,000 coding clubs across 10 countries, said it was important young people became makers not just consumers.

    “Every single job has an element of technology and digital in it and as time passes the world is becoming increasingly digital and technology is key,” she said.

    Meanwhile, 10 year old Iolo, who was busy coding during the ministerial visit, had finished programming his game.

    He said it had been almost as much fun as playing computer games and he would quite like to do it as a job.

    Ms Williams said she wanted “as many schools as possible” to take up the opportunity and coding in particular was a specific skill which would help Welsh children compete in the global market in future.

    Related Topics


    15/10/2017

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    Medical Billing and Coding Course Training Course in New York City,


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    Medical Billing and Coding Course in New York City

    Medical Billing and Coding Course

    Start an exciting career as a Medical Billing Specialist, Medical Coder, and/or Medical Office Manager. We will teach you how to create invoices, process reimbursements, issue payments, and navigate the claims review, correction, and appeals process. This certificate is designed to meet the needs of both individuals at the entry-level and also the experienced biller who wants to further develop their coding skills.

    This 10 week class is all you need to start in a medical billing and coding career. This course prepares for the National Medical Billing and Coding Certification that allows you to work in any state in the USA. You are guaranteed to pass the National Certification Exam.

    • Hands on training
    • Small class
    • Affordable cost. Some schools charge more than double for less quality training.
    • Payment Plans Available
    • Job Placement Assistance
    • High Quality Training Environment
    • Excellent Instructors. Some of the industry best instructors.
    • Anatomy and Physiology
    • Introduction to Medisoft
    • Medical Coding
    • ICD 9 and 10
    • How to Measure patient’s vital signs, such as blood pressure and temperature.
    • Listen to and record patients health concerns and report that information to nurses.

    How long is this Course?

    This course is 84 hours long.

    Why is the tuition much lower than other schools?

    Our tuition is much lower than other training providers because we have optimized our business processes to ensure quality training at a reasonable price. As a smaller school with lower overhead we are able to provide a great class and better value to our students.

    How big are your classes?

    We hold no classes with more than 12 students.

    Do you ever cancel a class because you don t have enough students?

    No, we never cancel a class. We will teach a class with 1 registered student if we have to. If unforeseen circumstances arise such as bad weather, instructor health or family problems and we have to cancel a class, we will offer all students a 100% full refund or reschedule to another class.

    Do you accept Workfore1 Vouchers?

    Yes we accept Workfore1 Vouchers. You will need to visit us to get an acceptance letter. Please call us for more information about this.

    Why should I choose your training over other health training Providers?

    Choosing a training provider can be tough choice. We all claim to offer the best value, in terms of price, passing rate, and guarantee. TIA School of Allied Health offers the lowest price, one of the best passing rates, and an excellent guarantee. As a New York State licensed school and Better Business Bureau Accredited business we can honestly say what we offer is the truth and you can verify it.

    Request Information

    Why join us?

    • Small class size. This will allow for great personal training with our instructor.
    • Classroom training in New York City.
    • The most flexible schedule. If you cannot attend a few of our classes, you can do a makeup in any of other classes, which includes evening, weekend, or weekday courses.
    • Great instructor. Our Instructors all has over 10 years of experience as medical professionals.
    • This is not a lecture only class. We use a combination of group activities, discussions and exercises to enforce what you learn.
    • Help after the class. Work with the instructor after the class to help you pass the exam.
    • Affordable cost. Some places charge more than double for less quality training.
    • Payment Plans Available

    14/10/2017

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    8 Epic EHR implementations with the biggest price tags in 2015


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    8 Epic EHR implementations with the biggest price tags in 2015

    Investments in EHR systems are undoubtedly costly, but some implementations appear to carry more costs than others.

    Implementation costs vary system to system and hospital to hospital. Prices fluctuate based on what types of additional features and modules a hospital selects. And, according to a Politico report, some EHR vendors charge for additional service fees while others don’t. The Politico report indicates for Epic’s 2014 edition software, the Verona, Wis.-based EHR vendor charges a software licensing fee, implementation costs and annual maintenance costs while OpenVistA, developed by Carlsbad, Calif.-based Medsphere, for example, does not.

    Even within the subsector of Epic implementations, costs fall across the board. For example, Duke University Health System, based in Durham, N.C. paid approximately $700 million for its Epic EHR (systemwide go-live in 2014) while Dartmouth-Hitchcock Medical Center in Lebanon, N.H. paid $80 million (go-live in 2011), according to a Forbes report.

    John Halamka, MD, CIO of Beth Israel Deaconess Medical Center. said in the Politico report that hospitals selecting Epic’s platform are not just buying a product — they are buying a process. BIDMC does not operate on Epic’s EHR; rather, the hospital earlier this year forged a partnership with athenahealth, which included using the Watertown, Mass.-based vendor’s product.

    “Epic is selling a methodology; often a lot of manual processes or heterogeneity and standardizing the work,” Dr. Halamka told Politico. “It’s not that they’re buying expensive software, they’re buying a lot of software.”

    No matter where the prices come from, the cost of Epic installations are significant. Here are eight of the most costly Epic implementations reported within the past six months. These are working numbers, with some systems having allotted the indicated amounts to implementation projects and others that have already completed installations.

    Partners HealthCare: $1.2 billion
    Boston-based Partners HealthCare is one of more recent implementations, going live the first week of June to the tune of $1.2 billion. This is the health system’s biggest investment to date. The implementation process took approximately three years, and in that time, the initial price tag of $600 million doubled.

    LehighValleyHealth Network: $200 million
    LVHN started its switch to Epic’s platform in February 2015, but the full transition will take between four and six years. Harry Lukens, CIO of the Allentown, Pa.-based system, told The Morning Call the total investment dedicated to the installation includes software, hardware, data conversion and additional personnel.

    Mayo Clinic: “Hundreds of millions”
    In January 2015, Rochester, Minn.-based Mayo Clinic announced it selected Epic’s EHR and revenue cycle management platforms and planned to drop its Cerner and GE Healthcare contracts to do so. The value of the contract was not disclosed by the health system or the vendor, but stock analysts told The Kansas City Star it is worth “hundreds of millions of dollars over several years.” Additionally, the headline of the Star report reads “Cerner loses Mayo Clinic contract worth hundreds of millions of dollars to Epic,” indicating a ballpark estimate of the new contract’s value.

    LaheyHospital Medical Center: $160 million
    On March 28, 2015, the Burlington, Mass.-based hospital completed its two-year implementation of Epic’s EHR system. Two months later, Lahey Health said it was laying off 130 people at three hospitals to close the budget gap. In the six months ended March 31, the health system had lost $21 million, partly due to preparatory EHR implementation costs.

    Lifespan: $100 million
    Providence, R.I.-based Lifespan announced plans to implement Epic’s EHR in March 2013, and the health system went live April 2015. Lifespan initially projected the implementation to cost $90 million, but in a Rhode Island Public Radio report, John Murphy, MD, executive vice president of physician services, alluded to a total closer to $100 million.

    Erlanger Health System: $97 million
    Chattanooga, Tenn.-based Erlanger Health System signed a contract with Epic in May 2015 nearing $100 million. The health system will invest $91 million in capital expenses, but operating expenses will bring the total to $97 million over the next 10 years. Erlanger was deciding between Epic and Cerner’s platform and ultimately chose Epic because the bid was less expensive, CFO Britt Tabor told Times Free Press .

    WheatonFranciscan Healthcare: $54 million
    In January 2015, Glendale, Wis.-based Wheaton Franciscan Healthcare announced plans to implement Epic across its hospitals. The system’s affiliated medical group and physician offices have been using Epic’s EHR since September 2012, but providers across the system can only view patient records and not input information. The implementation will create one central EHR platform across the system. Go-lives will begin January 2016. The system expects a return on investment after four years of using the platform.

    Saint Francis Medical Center: $43 million
    The hospital in Cape Girardeau, Mo. contracted with Epic in February 2015 and expects to go live in July 2016. Saint Francis plans to connect and exchange records with other hospitals in the St. Louis area also using Epic’s system, including SSM Health and Mercy Health.

    Worth noting
    A handful of other hospitals and health systems reported signing contracts with Epic this year but did not disclose the costs of the IT projects. Some of these organizations include Arlington Heights, Ill.-based Northwest Community Healthcare, SSM Health St. Mary’s Hospital-Audrain in Mexico, Mo. Oklahoma State University Center for Health Sciences in Tulsa, San Diego-based Scripps Health and St. Louis-based BJC HealthCare.

    Editor’s note: An earlier version of this article identified Saint Francis Medical Center as being located in Dexter, Mo. We have updated the article to include the correct location, and we apologize for the error.

    More articles on EHRs:

    Copyright ASC COMMUNICATIONS 2017. Interested in LINKING to or REPRINTING this content? View our policies by clicking here .

    To receive the latest hospital and health system business and legal news and analysis from Becker’s Hospital Review. sign-up for the free Becker’s Hospital Review E-weekly by clicking here .


    30/09/2017

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    The Best Medical Billing Software #medical #coding #software #programs


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    The Best Medical Billing Software

    Medical Billing Software Review

    Why Use Medical Billing Software?

    The difference between good and great medical billing software can mean a lot of money and time. Great medical billing solutions can increase your reimbursement average and decrease the number of denied claims, while some systems can have the opposite results. Your practice has a unique workflow and staff, and the billing solution you choose should work to make the daily workflow easy and use up less of your staff’s resources and time. Practices of any size can benefit from having a great medical billing solution. For small practices, your limited staff can focus on other responsibilities. For larger practices, you can more easily manage larger amounts of claims and patient loads.

    We looked over many medical billing software options and found that Advanced MD. Kareo and iSalus were among the best in this field. You can also read our articles on medical billing software for further information on choosing the best software.

    Medical Practice Management Software: What to Look For

    In today’s medical software industry, medical billing and practice management tools often integrate together into a medical practice management package, which takes care of tasks such as appointment scheduling, insurance verification and other actions that typically happen at the front desk. These two modules work together to track patients from the moment they check in to your practice to when your practice receives final reimbursement for your services. You should take both sets of features into account when looking at this type of software.

    Medical Billing
    Any medical billing software company should be able to offer you a first-pass resolution rate average for practices that use their software. This rate indicates the average percentage of claims you submit that are accepted the first time you submit them to insurance companies. The industry average is in the nineties, and the higher percentages generally indicate a more diverse and powerful claim-scrubber tool and other claim-management features that can decrease errors. All medical billing software you look at should offer tools to submit claims directly to insurers and manage them throughout the claims process. Some companies also offer medical billing services to correspond with their software for a varying monthly fee, which can be a great consideration if you would like to outsource your billing.

    Practice Management
    Although you may be looking for software solely for its medical billing features, with the current trends in the industry, included practice management modules are practically inevitable, so you should take them into consideration when making a decision. Practice management tools include appointment reminders and great check-in and checkout tools for collecting copay and patient information at the front desk. The software should offer real-time insurance verification, and you should have some option of a patient portal. All of these features can improve your reimbursement rates by being able to collect at the front desk as well as making it easier for patients to participate in their own care and tracking their account balances from the comfort of their own homes.

    Security Integration
    Any medical billing solution you consider should have a basic level of security that meets HIPAA standards, including an audit trail that keeps track of changes, who made them and when. Software should also be up-to-date on the latest coding systems, or else you risk having your claims repeatedly denied by insurance companies. You may also consider whether or not the software you choose can integrate with an electronic health records system you already have or if the company offers one you can use either immediately or in the future.

    Support Hosting
    The level of support you need from the company relies a lot on the type of hosting you choose. Many companies have shifted toward SaaS or ASP software models, where the company hosts the software and your data, and you pay a monthly subscription fee that includes any hosting hardware and software maintenance. Because the systems are usually many states away, you want to make sure the company offers the type of support you need. Many companies only offer live support during the day on weekdays; only a few offer emergency live support in case of emergencies. If you would rather manage the software yourself, then a software that offers self-hosted options should be a consideration.

    Choosing the best medical billing software for your practice can increase reimbursement rates from patients and insurance payers alike. Although getting your practice paid is necessary, medical billing shouldn’t take more of your staff’s time than it needs to. The right medical billing solution will make sure it doesn’t.


    11/08/2017

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    Academic Programs – Health Information Technology #health #information #technology #program, #health


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    Academic Programs Health Information Management

    Visit the Health Information Management Academic Program page on MC’s online catalog

    The US Department of Education requires colleges to disclose a variety of information for any financial aid eligible program that prepares students for gainful employment in a recognized occupation. Midland College is committed to creating an educated workforce by offering occupational programs that lead to gainful employment.

    Medical Coding Specialist
    Health Data Coordinator
    Health Data Specialist – Physician Practice

    The Health Information Management online associate degree program is accredited by the Commission on Accreditation for Health Informatics and Information Management Education (CAHIIM). According to the Bureau of Labor Statistics, health information management jobs are expected to increase by 15% from 2014-2024. The median income is $37,110, (2015 statistic), but additional credentials do add to the marketability of professionals.

    The HIM program was established in 1998 as a traditional face-to-face program. In 2007-2008, the HIM program transitioned to an “online only” program to meet the needs of working students and professionals. The exception to online courses are the requirement for clinical courses completed onsite at a facility (HITT 2261 for the associate degree and HITT 1167 for Medical Coding Specialist certificate).

    Program Statistics for years 2011- 2016 :
    Registered Health Information Technologist: 91 % pass rate for graduates t aking RHIT exam.
    Employer Satisfaction Rate: 100%
    Student Graduate Survey, Satisfaction Rate: 100%

    Many students admitted into the program have already completed one degree, and some have bachelors or masters degrees. The reason they pursue the associate degree training is to be eligible for the Registered Health Information Technician (RHIT) upon graduation. The RHIT credential, and the RHIA credential for the bachelor’s degree, continue to be a preferred credential that healthcare employers seek when hiring Health Information Management candidates.

    Online Technology Requirements

    Students meet the minimum requirements listed on Canvas to complete the courses. See guides.instructure.com/ for details.

    Students must be self-motivated, able to comprehend information in written form, and have the ability to communicate effectively both in written and verbal forms. Students should also be able to research websites, upload and download documents, post discussions, and access email. The courses are not self-paced, but have scheduled weekly due dates for assignments, discussions, and tests. Students should expect to spend 6 9 hours per 3 hour credit course to complete assignments, readings, and tests. Instructors are available to answer questions online or by phone related to course topics.

    Skills Needed for Health Information Profession:

    ability to analyze patient data for payment or registry information,
    able to sit for long periods to complete work at work station
    research and review patient information for regulatory compliance,
    code and categorize patient information using standard coding systems.
    communicate effectively with patients, physicians, and other customers
    ability to work under pressure to meet deadlines
    keyboarding skills and ability to use software systems, patient portals, etc.

    Students may apply to the program in the semester they are completing the prerequisites. Final grades will be verified before admittance. Students are accepted prior to each semester (Summer, Fall, and Spring). Most of the students in the programs are considered part-time; taking 2 to 3 classes each semester since most have part-time or full-time jobs. There are approximately 70-80 students taking HIM classes or prerequisite courses to gain admission to the program.

    Clinical Requirement Onsite:

    Students that live outside the local Midland area are able to locate clinical sites in their area with the assistance of the HIM program. More information and directions are given to students upon acceptance into the program (courses related to associate degree and Medical Coding Specialist certificate). Prior to the clinical course, students are required to meet certain facility requirements to attend clinical practice. These include a background check, drug screen, immunizations, and other requirements based of the facility. More information provided prior to clinicals.

    See Frequently Asked Questions for more information and application.

    Click on the links below for the suggested sequence of courses for Midland College’s Health Information Management associate of applied science degree and for the various Health Information Management certificates.

    Click on the links below for the suggested sequence of courses for Midland College’s Health Information Management associate of applied science degree and for the various Health Information Management certificates.

    Associate of Applied Science Degree for Health Information Management

    Medical Coding Specialist Certificate

    Health Data Coordinator Certificate

    Student Support Coordinator, Raquel Valenzuela, RHIT
    2 1 8 DFHS, 432-685- 6893

    Midland College is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award certificates and associate and baccalaureate degrees Contact the Commission on Colleges at 1866 Southern Lane, Decatur, Georgia 30033-4097 or call 404-679-4500 for questions about the accreditation of Midland College.

    Notice of Non-discrimination (Title IX)


    11/08/2017

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    Medical Billing and Coding – Adult Education #medical #billing #and #coding


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    Medical Billing and Coding

    (No Golden Age waiver)

    This Medical Billing and Coding course is developed to prepare students for becoming a part of the Allied Healthcare Industry as Medical Billers and Coders. The course is designed to prepare students in becoming Professional Medical Reimbursement and Coding Specialists, by providing a comprehensive course of study which includes: understanding the medical billing process, insurance and reimbursement, understanding abstracting and assigning codes from physician documentation, use of guidelines and HIPAA compliances, and practice management software. Students will be able to use this course as the foundation to Healthcare Administration, applying the concepts learned to any medical billing or coding exam offered by credentialing associations. Participants who successfully complete the course will receive a “Certificate of Completion” and will be prepared to enter the world of Healthcare. Certification examination fees are not included. Students must provide their own up-to-date coding manuals (ICD10CM, CPT, and HCPCS).

    Prerequisites:

    High school diploma or GED® is required and the student must provide copy of diploma, GED® certificate or transcript at the time of registration.

    Completion of a basic medical terminology course and/or knowledge of basic medical terminology is strongly recommended.

    Successful completion of the course requires an 85% class attendance rate and completing assignments to the satisfaction of the instructor.

    *Tuition/Textbook/Workbook $715.00 Registration fee: $15.00 = $730.00 Payment Plan Total $730.00:

    At Registration: $230.00 February 20th (Monday) $250.00 March 1st (Wednesday) $250.00

    *Tuition does not include the cost of supplemental coding manuals. Students must provide their own manuals including ICD-10, CPT, HCPCS, and a medical dictionary. Students may ask questions regarding these materials during the first class meeting.

    Course #200

    Monday/Wednesday: February 27 – May 24, 2017

    5:00 pm – 8:30 pm

    No Classes: April 11 12, 2017

    Registration deadline: February 14, 2017 – Tuesday


    09/08/2017

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    Medical Factoring #medical #factoring, #medical #staffing, #medical #manufacturing, #medical #transcription #services,


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    USAfactoring
    1439 W. Chapman Ave. Suite 31
    Orange, California 92868

    Medical Factoring/Financing

    Medical Factoring is taking the place of traditional lending because traditional lenders are not lending like they were in the past. The financial landscape has changed over the last few years for all areas of the healthcare industry and worldwide. With banks cutting credit lines, not making personal and business loans like they were in the past. Medical factoring is filling the void when cash is needed, when it is not available by traditional means.

    Medical receivables factoring provides two different avenues of factoring, one for businesses like staffing companies, manufactures, etc. and the other is for 3rd-party medical billing claims without waiting for insurance companies, HMO’s and Medicare/Medicaid. Factoring for staffing, manufacturing fields can go as high as 97% where 3rd-party insurance companies, HMOs and Medicare/Medicaid goes from 75% to 85%.

    Medical Factoring Benefits

    • 24 Hour Funding
    • Meet Your Payroll
    • Pay Payroll taxes on time
    • No more wait 30-60 and/or 90 days


    Medical/Healthcare Staffing and Services ( Starting at $2,500 Monthly ) Start-Ups | Small | Mid-Size Staffing Company | Larger Staffing Company

    • Physical Therapists ( PTs )
    • Registered Nurses ( RNs )
    • Respiratory Therapy ( RTs )
    • Occupational Therapists ( OTs )
    • Medical Billing Services
    • Medical Transcription Services
    • Outsourced Medical Coding
    • and More

    Medical Manufacturing ( Starting at $2,500 Monthly )

    • Accessories
    • Dental Equipment
    • EMT & EMS Equipment
    • Furniture & Accessories
    • Medical Devices
    • Medical Equipment
    • Medical Supplies
    • and More

    Insurance Companies, HMOs and Medicare/Medicaid. ( Starting at $100,000 Monthly )
    Where medical staffing and medical manufacturing area is very easy to factor, the Insurance Companies, HMOs and Medicare/Medicaid are a totally different animal. Factoring starts at $100,000 and the reserves are normally around 15 to 25% which means we are factoring from 75% to 85% of the invoices you want factored. Main reason is because Insurance Companies, HMOs and Medicare/Medicaid all have different scales that you get paid on. Once invoice is paid by your client, the remaining of your hold account is paid minus factoring fees.

    • Ambulance/Medical Transport Companies
    • General Practitioners and Group Practice Physicians
    • Hospitals and Outpatient Facilities
    • MRI and other Diagnostic Center’s
    • Pharmacies and Pharmaceutical Companies
    • and More

    Medical Factoring Quote

    Medical Factoring Quotes are processed,
    Approved in 24 to 48 hours.

    We realize the importance of turn time
    and cash flow in running your business.


    02/08/2017

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