If you wish to succeed in the Medical Billing industry, then you must stay up-to-date with the latest medical billing updates. Even after completing your training, you will have to be on your toes and constantly update your knowledge on the current code systems and industry standards. In this article, we go through five resources and methods to help you remain conversant with the latest trends in the medical billing industry.
I. ICD-10 Coding System Training
Since 1979, members of the medical billing industry in the United States have been using the ICD-9 coding system. This, however, changed on October 1, 2015, when we adopted the ICD-10 coding system. This transition represents a rise from 17,000 to more than 155,000 codes.
To avoid obsolescence in this fast-changing industry, you must be familiar with ICD-10 medical billing. The leading healthcare employers trust courses like our P1 Medical Billing Course with CMBP & HIPAA Certification, which will equip you with all the knowledge necessary to succeed with this growing coding system.
II. Industry News
All professionals should strive to stay informed on current issues in their respective industries. Keeping up with industry news is a great way of staying informed on medical billing updates. Some ways for achieving this include attending local gatherings with peers, subscribing to relevant newsletters and reading current articles on industry trends.
III. Industry Credentials
Depending on your credentials, you can use your training in medical billing as a foundation for other certifications and roles. Generally, one or two years of billing experience are the bare minimum for earning additional industry credentials. These credentials can help increase your earning potential, opportunities and overall knowledge.
IV. Networking Forums
While there is plenty to gain from social media and online industry boards, you could potentially benefit more from face-to-face meetings. The more people get to know and value your skills, the greater the chances for them to remember you and recommend you for available positions.
V. Conferences and Workshops
Attending conferences and workshops is a great way to stay current on industry matters. Also, it helps strengthen your professional network.
In summary, medical billing is a rapidly evolving field. Besides having the requisite training, you need to constantly refresh your knowledge on the latest industry trends to succeed in this dynamic field.