Bureau of Labor Statistics (BLS) reports that medical billing and coding will grow by 20% between 2008 and 2018, which is enough incentive for billers and coders to remain focused and optimistic. http://www.medicalbillersandcoders.com/pressrelease_articles.aspx?ArticleId=281&goback=.gde_166481_member_189528680

1. Life as Medical Billers & Coders in Today’s
Economy
Presented By
Medical Billers and Coders

2. The world’s largest economy has had to weather one of the worst recessions in the
recent times. Not too long ago U.S. GDP hit the rock-bottom (at -8.9 in the middle of
2009). While it has slowly been coming out of the depths, the growth is not enough to
bring down unemployment rate, which is hovering around 7.9% as of October, 2012.
While most of the service sectors seem to have been affected uniformly, health care
sector has remained an exception. And, medical billers and coders, being integral to
health care industry, too have benefited from this. While, they have not been totally
immune to lay-offs or salary cuts, at least percentage wise they are the least
affected, with only 3-4% of the certified billers and coders being unable to find jobs.
The reason why medical billers & coders are least affected is health care is
something indispensible – whether a positive GDP or negative, health care spending
continues as usual, and providers’ reliance on billers and coders remains unaffected.
The 3-4% unemployment is largely because of those billers losing jobs on account of
being tied with lone-standing or small practices who may have decided to wind up
operations. Otherwise, qualified and experienced professionals continue their
lucrative association with clinics, hospitals, and group practices.
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3. Being in a protective industry has surely helped them to be immune to the impact of
the current economic scenario. But what is truly remarkable is the kind of flexibility
and adaptation that these professionals exhibit in coping with adverse conditions.
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What primarily stands out is their commitment to remain as competent as ever.
Employers are increasingly growing quality conscious, and medical billers and
coders are required to be as seamless as possible. Billers and coders are proving
their mettle by undergoing refresher courses that keep them abreast with latest
developments.
Networking with peers too is proving to be ingenious way to getting employed or
reemployed. As per reliable statistics, over 38% of aspirants and professionals are
known have followed networking as a means of finding employment opportunities.
Some professionals devised work-hour adjustment to adapt to these testing times.
It is believed that currently there are two categories of professionals – one working
an average of 31 to 40 hours per week, the other devoting an average of 41 to 71
hours per week. The former accounts for nearly 38% of the total medical billers and
coders, and the latter constitutes 58% of the total medical billers and coders.
Together, they have found a way out to remain active without being unemployed or
unpaid.
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4. There have also been instances of medical billers exhibiting extraordinary capacity
for excellence, which have been suitable rewarded with health insurance & dental
insurance through employer, sick leave from employer, and prompt benefits &
incentives.
Therefore, it is apt to say that medical billers and coders have not been comforting
under health care security, but responding creatively to evolving economic conditions.
As a result, they have been able to remain least affected in terms of being
unemployed or unpaid. It seems brighter days are ahead of them. In fact, The Bureau
of Labor Statistics (BLS) reports that medical billing and coding will grow by 20%
between 2008 and 2018, which is enough incentive for billers and coders to remain
focused and optimistic.
Medicalbillersandcoders.com (www.medicalbillersandcoders.com) – being a
leading platform for provider-biller interface – is committed to help billers and coders
maneuver through these testing times. Over the years, we have helped a majority of
professionals connect with their true calling across 50 states in the US. And, as we
enter into a time of great transition, we are even more focused on facilitating right
employee-employer connection, enriching professional experience, and more
importantly promoting service excellence.
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357 3226 (Toll Free)
www.medicalbillersandcoders.com

5. About Medical Billers and Coders
Medical Billers and Coders is the largest consortium of Medical Billers and
Coders in the united States. Our aim is to help the physician community to
reach the right expertise at the right location at the right time.
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