St. Cloud State UniversityThe Center for Continuing StudiesCorporate Education and Outreach High-quality online-training programs for in-demand careers in Medical Transcription and Medical Coding & Billing
Unemployment Rates are On The Rise 10.2% 8.2%
But Healthcare Jobs are Growing 22% Projected Job Growth 14.3 million jobs in 2008 17.5 million jobs in 2018 (projected) Driven by a growing and aging population
Transcription & Coding Jobs are Growing Source: US Department of Labor, Bureau of Labor Statistics, Occupational Outlook Handbook, 2010-11 Edition
What is Medical Transcription and Medical Coding & Billing? Every time a patient sees a doctor, the doctor must record the interaction for medical records and billing purposes. Medical transcription and editing converts the recording into the final text format. Medical coding and billing is the crucial next step in insurance and patient billing.
Medical Transcriptionist Medical Transcription Editor Transcribes the audio dictations of doctor-patient interactions, creating the reports that constitute patient medical records. Corrects and edits audio dictation reports that are generated by speech recognition software (Medical Transcription Editors are specialized medical transcriptionists).
Outpatient Coding and Billing Inpatient Coding and Billing Translatesoutpatient medical records into standardized ICD-9 diagnosis and Current Procedural Terminology (CPT) codes and bills for reimbursement. (Outpatient coders cannot code inpatient medical records) Translatesinpatient medical records into standardized International Classification of Diseases (ICD)9 diagnosis and procedure codes and bills for reimbursement. (Inpatient coders can code BOTH inpatient and outpatient medical records)
Benefits of a Medical Transcription and Editing Career • Work at home – No commute • Flexible hours • Facilitate time with family • Part-time or full-time • Portable • Make good money
Benefits of a Medical Coding and Billing Career • Job security • Medical professional • Work traditional hours • Work in hospital or physician office • Career advancement opportunities • Make good money
Who Will Want to Hire You? • Medical Transcription • (85-95% work from home) • Remote Medical Transcription Services Organizations (MTSOs) • Hospitals • Physician Offices • Medical Coding & Billing • (15% work from home) • Hospitals • Physician Offices • Insurance Companies • Coding Consultancies • Remote Coding Organizations
Medical Transcription Placement Rates? Final Exam Scores High Honors > 94% Honors 90 - 94% Grads 85 - 89%
Industry Certification Exam Pass Rates? *AAPC Industry Average Data Not Published
Why Are The Programs So Successful? • Employer and Industry Relationships • High-quality Curriculum & Unique Teaching Approach • Demo
How Much Can I Earn in Transcription? Medical Transcription Annual Income, Median = $32,100 10% 25% 75% 90% Bottom 10% Middle 50% Top 10% $22,400 $27,100 $38,600 $45,400 Source: US Department of Labor, Bureau of Labor Statistics, Occupational Outlook Handbook, 2010-11 Edition
How Much Can I Earn in Medical Coding? Medical Coding & Billing Annual Income, Median = $30,610 10% 25% 75% 90% Bottom 10% Middle 50% Top 10% $20,400 $24,300 $39,500 $50,100 Source: US Department of Labor, Bureau of Labor Statistics, Occupational Outlook Handbook, 2010-11 Edition
Program Details • Medical Transcription • Books and materials: • 15-month online subscription to • Benchmark KB, including access to • - Stedman’s complete Medical • Reference Library • - Quality Alerts Library • - AHDI Book of Style • Text Companion • AHDI Associate membership • WAV Foot Pedal • Medical Coding & Billing • Books: • Dorland’s Medical Dictionary • Saunder’s Nursing Drug Handbook • Merck Manual of Medical Information • ICD-9-CM • Healthcare Common Procedure Coding • System (HCPCS) • Current Procedural Terminology (CPT) • Text Companion • PLUS • Curriculum support services • IT support services • Graduate support services • Placement Direct
Laptop Details Free* laptop computer to those who enroll by May 28 Compaq CQ61Z series Service/Warranty: Provided by Hewlett Packard (see slide 27 for more information) Operating system: Genuine Windows 7 Home Premium 64-bit Processor: AMD Sempron(TM) Processor for Notebook PCs M100 (2.0GHz, 512KB L2 Cache) Memory: 2GB DDR2 System Memory (2 Dimm) Hard drive: FREE Upgrade to 250GB 5400RPM SATA Hard Drive Graphics card: ATI Radeon(TM) HD 4200 Graphics with 128MB Display Cache Memory Display: 15.6" diagonal High Definition HP Brightview Display (1366x768) *$29 shipping charge
Financing Options • Cash • Credit Card • Discover Student Loan • Wells Fargo Student Loan • Local Credit Union Loan • Local Bank Loan • MyCAA Funding for Military Spouses
Next Steps • Contact Tammy Anhalt-Warner • Determine how you want to finance the program • Complete financing application(s) as necessary • Complete enrollment processing with Tammy • Receive Login ID and Password within 1-2 business days • Receive laptop within 2-3 weeks • Begin to train at home for your new career!
Contact Information Tammy Anhalt-Warner Assistant Director of Training St. Cloud State University Phone: 320-308-4252 Email: firstname.lastname@example.org Web: www.scsutraining.com
Laptop Details (additional specs) Compaq CQ61Z series Primary optical drive: LightScribe SuperMulti 8X DVD+/-RW with Double Layer Support Personalization: Microphone Only Networking: Wireless-G Card Keyboard: HP Color Matching Keyboard Primary battery: 6 Cell Lithium Ion Battery Modem Port: No Modem Productivity software: Microsoft(R) Works 9.0
Laptop Details (service specs) Compaq CQ61Z series • The standard warranty features: • One year parts and labor coverage, including return of equipment to HP and authorized service provider options • One year of convenient 24 x 7, toll-free technical support in English or Spanish 1-800-652-6672 (1-800-OK Compaq) • One-hour e-mail assistance and real-time chat via a built-in notebook Help and Support Center • An easy-to-use Web site providing quick access to product diagnostics, FAQs, and top solutions • For software, 30-day replacement of defective application media and one year of toll-free technical assistance
Industry Certification Credentials are… • Somewhat Important to Medical Transcription Employers • Registered Medical Transcriptionist (RMT) and Certified Medical Transcriptionist (CMT) Exams are administered by the Association for Healthcare Documentation (AHDI) • Absolutely Critical to Medical Coding & Billing Employers • Certified Coding Associate (CCA) is administered by the American Healthcare Information Management Association (AHIMA) • Certified Professional Coder (CPC) Exam is administered by the American Academy of Professional Coders (AAPC)
What is Speech Recognition Software? • Allows physicians to dictate medical reports to a computer, which immediately creates an electronic document. • the software has been slow to grasp and analyze the human voice, the English language, and the medical vernacular with all its diversity. • there will continue to be a need for skilled medical transcriptionists to identify and edit the inevitable errors created. • not expected to significantly reduce the need for well-trained medical transcriptionists. • Source: US Department of Labor, Bureau of Labor Statistics, Occupational Outlook Handbook, 2010-11 Edition