A medical auditor is a certified professional who reviews a claim that has already been coded and scans for any compliance or coding issues. The purpose of the auditor is to remove any discrepancies so as to ensure smoother processing and minimize payment delays.
While that may sound like a dry subject and a boring profession at first, there are lucrative incentives for those who actually complete their studies. Here’s a closer look at some of the well-known perks of being a medical auditor.
1. It’s a Growing Industry:
The best part of being a medical auditor is the rapidly expanding industry. In fact, numbers posted by the United States Bureau of Labor Statistics show that the healthcare industry looks set to grow by 18% from 2016 to 2026 (due to an aging population). In other words, medical auditors are almost guaranteed jobs in the near future.
2. There’s a High Market Demand:
Speaking of which, all certified medical auditors are in high demand these days. This means there’s a minimum waiting time after you graduate with healthcare clinics even offering incredible contracts to promising students who are yet to clear their CPC exams!
3. You Earn More:
While money may not be able to buy you happiness, financial security sure does open a lot of doors. Even in this regard, medical auditors are well off as they’re adequately compensated for their services.
While healthcare technicians earn around $38,040 per annum, medical coders earn an average of $52,000 – with medical auditors earning even more than that!
4. Wide Career Options:
If you hold a medical auditing certification but find the hospital setting to be depressing or if you simply cannot sit in a healthcare clinic anymore, you don’t have to worry about wasting your education as you can choose to become a licensed teacher. This will move you away from the clinic and into the classroom of esteemed universities and medical training institutes.
5. Kick-Start Your Career in Days:
As discussed above, medical auditors rarely sit on the bench as they’re called into action almost instantly as they graduate. Generally speaking, a medical auditing student can expect to have a job proposal waiting for them days after they graduate which is remarkable especially considering the fact that most doctors have to wait for months!
6. Work from Home is a Possibility:
In recent years, the rise of mobility has seen a lot of industries adopt the work from home approach. This means that instead of wasting away at your office desk, you can choose to work from the comfort of your living room and don’t have to pay extortionate rates on commutes.
7. You Make a Difference:
By far the best thing about being a medical auditor is that you make a substantial difference in the lives of your patients. By scanning and reviewing medical claims, you make sure that they’re error-free and can be processed quickly. This ensures that your patients are reimbursed for healthcare services and that they aren’t financially strained for months!
Because of these reasons (and countless others) we’re strong advocates of medical auditing as a profession. If you want to earn medical billing certifications you can do so by enrolling in our online classes. For years, Allied Prep Technical Institute has been offering impeccable medical billing training classes online that have helped our alumni land respectable and profitable jobs.