In the rapidly evolving healthcare industry, there are numerous career paths to choose from. Two popular options are medical billing and coding and health information technology. If you’re considering a career in this field, it’s essential to understand the differences between these two roles and how they align with your goals and aspirations. In this article, we’ll provide a comprehensive comparison of medical billing and coding versus health information technology, including their respective responsibilities, required skill sets, and available programs.
What is Medical Billing and Coding?
Medical billing and coding play a crucial role in the healthcare system by ensuring accurate and efficient financial transactions. Professionals in this field compile information about clinical procedures and services in a patient’s records and translate them into standardized codes. By using coding systems like Current Procedural Terminology (CPT) or ICD-11, medical billers and coders facilitate the billing process for patients and insurance providers.
Apart from facilitating financial transactions, medical coding also serves broader purposes. It allows healthcare facilities to track the frequency of specific procedures and services, enabling them to allocate resources effectively. Additionally, the data collected through medical coding can be shared with organizations like the CDC and WHO to gain insights into global health trends.
What is Health Information Technology?
Health information technology (HIT) is a multifaceted field that combines administrative and technical expertise within the healthcare sector. Professionals in this role focus on managing and maintaining computer-based systems that facilitate the secure and efficient flow of information among various healthcare stakeholders. Think of health information technology as the IT backbone of the healthcare industry.
While medical billing and coding involve working with data and information, health information technology primarily focuses on the physical networks that transmit this information. HIT professionals ensure the accuracy and completeness of patient records, oversee the implementation and maintenance of electronic health records (EHRs), and navigate medical regulations and privacy laws.
Medical Billing and Coding vs. Health Information Technology — Which is Better?
Determining which career path is better for you depends on your individual goals, interests, and skill sets. Both medical billing and coding and health information technology offer unique opportunities in the healthcare industry. Here are some factors to consider when making your decision:
1. Supporting Healthcare Professionals and Patients
If you have a keen interest in supporting healthcare professionals, patients, and organizing medical data between parties, a career in medical billing and coding may be a better fit. This field requires meticulous attention to detail and a high level of accuracy when inputting and sharing data. It also demands a solid understanding of various insurance policies and processes.
On the other hand, if you are more intrigued by the application of medical technology and the implementation and maintenance of EHRs, health information technology might be the right choice. In this role, you’ll need to grasp medical regulations, privacy laws, and requirements, ensuring patient records are accurate and complete.
2. Skill Sets and Responsibilities
Medical billing and coding professionals primarily focus on coding and billing processes, using specialized coding systems to ensure accurate reimbursement. They must possess excellent analytical skills, attention to detail, and a thorough understanding of medical terminology and coding guidelines.
In contrast, health information technology professionals deal with the management and maintenance of health information systems. They must have a strong grasp of IT infrastructure, data security, and interoperability. Additionally, effective communication skills are essential for collaborating with healthcare providers, administrators, and IT teams.
3. Career Outlook and Opportunities
Both medical billing and coding and health information technology offer promising career prospects. According to the Bureau of Labor Statistics, employment of medical records and health information technicians (including HIT professionals) is projected to grow 8% from 2020 to 2030, faster than the average for all occupations. This growth is driven by the increasing demand for EHR systems and the need to ensure data security and privacy.
Similarly, the demand for qualified medical billers and coders remains strong. As the healthcare industry continues to expand, there is a constant need for professionals who can accurately code and bill for services. The BLS projects a 8% growth in employment for medical records and health information technicians from 2020 to 2030.
4. Education and Training Programs
To embark on a career in medical billing and coding or health information technology, it’s crucial to acquire the necessary education and training. Various educational institutions offer programs tailored to these fields, providing students with the foundational knowledge and skills required for success.
At DeVry University, for example, aspiring medical billers and coders can pursue an Undergraduate Certificate in Medical Billing and Coding. This program equips students with essential coding skills and prepares them for the Certified Professional Coder (CPC) exam. The curriculum covers topics such as medical terminology, anatomy, and healthcare reimbursement.
For those interested in health information technology, DeVry offers an Associate Degree in Health Information Technology. This program provides a comprehensive understanding of HIT systems, EHR implementation, and data management. Students also gain hands-on experience with industry-standard software and have the opportunity to prepare for the Registered Health Information Technician (RHIT) exam.
It’s important to research different educational institutions and evaluate their curricula, online study options, and hands-on learning opportunities. Choosing a program that aligns with your career goals and offers practical experience will set you up for success in the healthcare industry.
Conclusion
When considering a career in the healthcare industry, it’s essential to understand the nuances between different roles. Medical billing and coding and health information technology are distinct paths that offer unique opportunities for growth and impact. By carefully evaluating your interests, skill sets, and educational options, you can make an informed decision about which field aligns best with your goals. Whether you choose to pursue medical billing and coding or health information technology, both fields contribute to the efficient and effective functioning of the healthcare system, supporting healthcare professionals and improving patient care.