The following is a guest post by Sebastian Brown. If you would like to guest post for this blog, please visit the Write For Us page to view the guidelines.
With unemployment rates reaching an all time high and many workers finding their old jobs obsolete, the need for a position in a recession proof industry is critical. When the economy is bad, even jobs that were lucrative at one point can become negatively impacted when consumers spend less money. However, there are several industries which are not effected by a downturn in the economy because the services that they provide are always needed.
Even in a bad economy, people will still become sick or injured and require care, which makes the medical industry virtually unaffected by a recession. While it is common knowledge that doctors and nurses make a steady income, many fail to realize there are many other positions available within the medical community that don’t require years of schooling. Obtaining a position as a medical billing specialist is one easy way to make good money in a bad economy as there is a high demand for these types of jobs.
Why Medical Billing is a Good Job for a Bad Economy
There are several good reasons to get into the medical billing field when the economy is bad. For one, it is an easy way to work in the medical field without having to go to medical school to become a doctor or nurse. While a career in medicine can be lucrative, it will take years of study and thousands of dollars in tuition. Instead, working in medical billing will require only an MBA, which is easy and affordable to obtain. You can sign up for distance learning programs and obtain your MBA online in the comfort of your own home.
Obtaining a Certificate of Completion in Medical Billing and Coding will help you to better comprehend the medical terms that doctors and nurses use so that you can relay this information to patients in a way that is easy to understand. In addition, you will learn valuable computer skills as understanding the latest billing technology is crucial to keeping up with an ever-changing work environment.
Working for Yourself
Medical billing experts can also forgo working in an office altogether and can choose to perform freelance services for a variety of clients. This makes it an ideal career choice for stay at home parents or individuals who prefer to be their own boss. As a freelance medical billing expert, you are the owner of your own small business, which can give you a new-found sense of independence. You get to set your own schedule and pick which clients you wish to work with. Freelance services can also be performed as a side job to supplement your existing income which is always helpful in a bad economy.
However, if you’d rather work in an office, medical billing is a flexible career path which gives you several options. You can work at a private practice or a hospital if you prefer to work in a smaller office that is closer to the medical field. Insurance companies also hire medical billing experts and are a good choice for people who prefer a larger office setting. You can expect to work either part-time or full-time in these types of office settings, with the opportunity for overtime by working nights and weekends.
As the medical industry continues to grow and reach new innovations, the demand for medical billing specialists will continue to rise, making it a good job choice for a bad economy. There is an unlimited amount of opportunity in medical billing with a variety of jobs to suit your economic needs and your personal working habits. Best of all, the career path is easy to get started with, and obtaining your certification will take a short time. Until doctors find a way to make it so patients no longer become sick or injured, there will always be a surplus of medical billing positions available.
About the Author: Sebastian Brown helps run and maintain Medicalbillingandcoding.org. Medical Billing is a quickly growing home-based career that offers stability and a lucrative income.