You are currently signed in as .
0 Items in Your Cart
Vault Guides are THE source for insider insight on career information and employer reviews. Shop Vault Guides
Industries & Professions /
Medical Billing Service Owners
More Americans are expected to secure health insurance due to the passage of health care reform. Also, some government programs are actively involved in providing insurance to the elderly, children, people with disabilities, and those with low incomes. The Centers for Medicare and Medicaid Services (CMS), which administers Medicare, Medicaid, and the Children's Health Insurance Program, provides health insurance for approximately 100 million Americans. This number will increase as the baby boomer generation grows older, as the Children's Health Insurance Program evolves, and as more people become eligible for health insurance coverage. The U.S. Department of Labor predicts faster than average employment growth through 2022 for bill and account collectors, and much faster than average employment growth for those who work in the offices of health practitioners. A CMS study projects that health care expenditures in the United States will reach more than $5 trillion by 2022. This will mean the filing of billions of insurance claims. Doctors will require even more assistance in billing and receiving payments, particularly as more billing procedures are done electronically. An increasing number of billing professionals will become consultants to doctors' offices. These professionals will be needed to teach current staff how to use medical billing software.
Are you a student? You may have free access to Vault's premium content. Contact your Career Center, Alumni Office or Library to find out more.