High-quality online-training programs for in-demand careers inHigh-quality online-training programs for in-demand careers inMedical Transcription and Medical Coding & BillingMedical Transcription and Medical Coding & Billing

10.2%

8.2%

But Healthcare Jobs are GrowingBut Healthcare Jobs are Growing22% Projected Job Growth•14.3 million jobs in 2008•17.5 million jobs in 2018 (projected)

Driven by a growing and aging population

3

Transcription & Coding Jobs are GrowingTranscription & Coding Jobs are Growing

4Source: US Department of Labor, Bureau of Labor Statistics, Occupational Outlook Handbook, 2010-

11 Edition

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.

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What is Medical Transcription and What is Medical Transcription and Medical Coding & Billing?Medical Coding & 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

Translates outpatient medical records into standardized ICD-9

diagnosis and Current Procedural Terminology (CPT) codes and bills

for reimbursement. (Outpatient coders cannot code inpatient

medical records)

Translates inpatient 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)

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• Work at home – No commute

• Flexible hours

• Facilitate time with family

• Part-time or full-time

• Portable

•Make good money

Benefits of a Medical Transcription Benefits of a Medical Transcription and Editing Careerand Editing Career

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• Job security

• Medical professional

• Work traditional hours

• Work in hospital or physician office

• Career advancement opportunities

• Make good money

Benefits of a Medical Coding and Benefits of a Medical Coding and Billing CareerBilling Career

Who Will Want to Hire You?Who Will Want to Hire You?

10

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 Medical Transcription Placement Rates?Rates?

Final Exam Scores

High Honors > 94%

Honors 90 - 94%

Grads 85 - 89%

11

Industry Certification Exam Pass Rates?Industry Certification Exam Pass Rates?

12*AAPC Industry Average Data Not Published

Why Are The Programs So Successful?Why Are The Programs So Successful?

13

• Employer and Industry Relationships

• High-quality Curriculum & Unique Teaching Approach

• Demo

How Much Can I Earn in Transcription?How Much Can I Earn in Transcription?

14Source: US Department of Labor, Bureau of Labor Statistics, Occupational Outlook Handbook, 2010-

11 Edition

10% 25% 75% 90%

$22,400 $27,100 $38,600 $45,400

Medical Transcription Annual Income, Median = $32,100

Bottom 10% Middle 50% Top 10%

How Much Can I Earn in Medical Coding?How Much Can I Earn in Medical Coding?

15Source: US Department of Labor, Bureau of Labor Statistics, Occupational Outlook Handbook, 2010-

11 Edition

10% 25% 75% 90%

$20,400 $24,300 $39,500 $50,100

Medical Coding & Billing Annual Income, Median = $30,610

Bottom 10% Middle 50% Top 10%

Program DetailsProgram Details

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Medical TranscriptionBooks 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 & BillingBooks:

• 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 DetailsLaptop Details

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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

Pricing Pricing

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Training Area Training Program Type Price*

Medical Transcription

Transcription & Editing

Transcription only

Premium

Basic

$2,490

$1,990

Medical Coding & Billing

Inpatient & Outpatient

Outpatient only

Premium

Basic

$2,400

$2035

Financing OptionsFinancing Options•Cash

•Credit Card

•Discover Student Loan

•Wells Fargo Student Loan

•Local Credit Union Loan

•Local Bank Loan

•MyCAA Funding for Military Spouses

Next StepsNext Steps

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1) Contact Tammy Anhalt-Warner

2) Determine how you want to finance the program

3) Complete financing application(s) as necessary

4) Complete enrollment processing with Tammy

5) Receive Login ID and Password within 1-2 business days

6) Receive laptop within 2-3 weeks

7) Begin to train at home for your new career!

Contact InformationContact Information

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Tammy Anhalt-WarnerAssistant Director of TrainingSt. Cloud State University

Phone: 320-308-4252 Email: tammy@scsutraining.comWeb: www.scsutraining.com

Laptop Details (additional specs)Laptop Details (additional specs)

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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)Laptop Details (service specs)

23

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…Industry Certification Credentials are…

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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?What is Speech Recognition Software?

25

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