Key Points:

• Medical Billers and Coders process insurance claims; Psychiatric Technicians provide care and support for patients with mental health or substance abuse issues.
• Medical Billers and Coders typically earn higher salaries than Psychiatric Technicians.
• Both fields are expected to have job growth.
• Both jobs require formal training, but Medical Billing and Coding programs are often available online, while Psychiatric Technician programs are typically in-person.
• Medical Billing and Coding programs are generally shorter and less expensive than Psychiatric Technician.

In the ever-evolving healthcare industry, there are various career paths that individuals can pursue. Two such options are becoming a Medical Biller and Coder or a Psychiatric Technician. Both of these professions play vital roles in the healthcare field, but they have distinct differences in terms of job description, education and training requirements, and career outlook.

Medical Biller and Coder vs Psychiatric Technician: Education and Training

• Medical Biller and Coder: To become a Medical Biller and Coder, individuals typically need to complete a postsecondary certificate or associate degree program in medical coding or a related field. These programs cover topics such as medical terminology, anatomy, physiology, and coding systems. Some employers may also require certification from a professional organization, such as the American Academy of Professional Coders (AAPC) or the American Health Information Management Association (AHIMA).

• Psychiatric Technician: The educational requirements for Psychiatric Technicians vary by state. Some states require completion of a postsecondary certificate program, while others may require an associate degree. These programs typically include coursework in psychology, human behavior, pharmacology, and therapeutic techniques. In addition to formal education, Psychiatric Technicians also receive on-the-job training to learn about facility policies, patient care procedures, and medication administration.

Medical Biller and Coder vs Psychiatric Technician: Career Outlook and Salary

• Career Outlook: According to the Bureau of Labor Statistics (BLS), the employment of Medical Records and Health Information Technicians, which includes Medical Billers and Coders, is projected to grow 8 percent from 2019 to 2029, much faster than the average for all occupations. This growth is driven by the increasing need for healthcare services and the transition to electronic health records. The demand for Psychiatric Technicians is also expected to grow, with a projected 12 percent increase in employment from 2019 to 2029. This growth is attributed to the rising demand for mental health services and the aging population.

• Salary: The median annual wage for Medical Records and Health Information Technicians, including Medical Billers and Coders, was $44,090 as of May 2020, according to the BLS. The top 10 percent earned more than $73,370, while the bottom 10 percent earned less than $28,470. The median annual wage for Psychiatric Technicians was $34,620 as of May 2020, with the top 10 percent earning more than $62,060 and the bottom 10 percent earning less than $25,810.

Final Thoughts

Both Medical Billers and Coders and Psychiatric Technicians play crucial roles in the healthcare industry, albeit in different capacities. Medical Billers and Coders ensure accurate coding and billing for medical services, while Psychiatric Technicians provide direct patient care and support to individuals with mental illness. The choice between these two careers ultimately depends on an individual's interests, skills, and career goals. Both professions offer job stability and growth opportunities, making them viable options for those interested in pursuing a career in healthcare.

Dreambound's program is accessible in diverse locations. Take a deep dive into these blogs for comprehensive insights into the two vocations, covering their requirements and guidance on joining:

• Psychiatric Technician in Massachusetts
• Medical Biller and Coder classes near you