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The best certifications for a revenue specialist are Certified Billing and Coding Specialist (CBCS), Certified Management Accountant (CMA), and Certified Professional Coder (CPC).
Revenue specialist certifications demonstrate your competency as a revenue specialist to employers. However, not all revenue specialist certifications provide the same value.
Below is a list of the best revenue specialist certifications. Obtaining a revenue specialist certification will give you a leg up when you apply for jobs and increase your potential salary.
| Rank | Revenue specialist certification | Organization |
|---|---|---|
| 1 | Certified Billing and Coding Specialist (CBCS) | NHA |
| 2 | Certified Management Accountant (CMA) | IMA |
| 3 | Certified Professional Coder (CPC) | AAPC |
| 4 | Certified Medical Office Manager (CMOM) | PMI |
| 5 | Certified Coding Specialist (CCS) | AHIMA |
| 6 | Certified Coding Specialist--Physician-based (CCS-P) | AHIMA |
A Certified Billing and Coding Specialist (CBCS) primarily focuses on converting a medical procedure, diagnosis, or symptom into specific codes to submit a claim for reimbursement.
The CMA (Certified Management Accountant) is the advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance.
A Certified Professional Coder (CPC) is an individual of high professional integrity who has passed a coding certification examination sponsored by the American Academy of Professional Coders (the AAPC). The examination consists of questions regarding the correct application of CPT, HCPCS procedure and supply codes and ICD-9-CM diagnosis codes used for billing professional medical services to insurance companies.
Experienced medical office professionals with exceptional administrative skills are eligible to sit for the Certified Medical Office Manager (CMOM) exam. To attain CMOM certification, all candidates must demonstrate a high level of knowledge in financial management, managed care contracting, personnel, and time management. Risk management, medical record keeping and facility management issues should also be mastered.
Coding accuracy is highly important to healthcare organizations, and has an impact on revenues and describing health outcomes. In fact, certification has become an implicit industry standard. Accordingly, the CCS credential demonstrates a practitioner's tested data quality and integrity skills, and mastery of coding proficiency. Professionals experienced in coding inpatient and outpatient records should consider obtaining this certification.
The employment outlook for CCS-Ps is highly favorable, considering the growth of managed care and the movement of health services delivery beyond the hospital setting. Professionals performing coding in a doctor's office, clinic, or similar setting should consider obtaining the CCS-P certification to testify to their capabilities. The CCS-P certification exam assesses mastery-level proficiency in coding rather than entry-level skills.
The best revenue specialist certification is Certified Billing and Coding Specialist (CBCS). The Certified Billing and Coding Specialist (CBCS) is awarded by the National Healthcareer Association. This certification is great to have as it shows an improvement in your competency to perform your role. You can earn this certification at the beginning of your career, as it often doesn't require a minimum education level and work experience.
Here's a bit more background on how to obtain this revenue specialist certification:
The most in-demand revenue specialist certification is Certified Professional Coder based on all active job postings. Having this revenue specialist certification will give you access to more revenue specialist jobs with higher salaries.
The Certified Billing and Coding Specialist certification will help you to secure a accounts receivable specialist position, which will increase your pay and career trajectory. A accounts receivable specialist's average salary is $35,984 whereas revenue specialists make an average salary of $44,779.
The most common combination of revenue specialist certifications include: Certified Billing and Coding Specialist (CBCS), Certified Management Accountant (CMA), and Certified Professional Coder (CPC).
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