The pharmaceutical and healthcare industry is the most booming industry today’s date. With a wide range of career opportunities, the pharmaceutical industry opens doors to abroad careers also. India’s pharma industry is considered as 3rd largest by volume, and the value has reached US$372 billion. In this evergreen industry, pharmacovigilance and medical coding are quite interesting sectors that offer great career and growth opportunities globally. In this blog, we will discuss the difference between pharmacovigilance and medical coding and help you understand which is better.
The Difference Between Pharmacovigilance and Medical Coding
Pharmacovigilance and Medical Coding are both in-demand sectors in the pharmaceutical industry. Let’s take a look and try to understand each sector
Pharmacovigilance: Pharmacovigilance is the backbone of the pharmaceutical industry. A pharmacovigilance professional plays a vital role in maintaining the safety of the drug and the patients. It is about monitoring closely for any problems that might happen when people take medicine, and also making sure that doctors, patients, and medicine makers know about those problems.
Medical Coding: Medical coding is the process of translating healthcare diagnoses, procedures, services, and equipment into universal medical alphanumeric codes. These codes are used by various sectors, such as private and government hospitals, insurance companies, pharmaceutical companies, etc. These codes are integral for billing, insurance claims, and maintaining patient records. This field suits individuals who are detail-oriented and enjoy working with data and classification systems.
Pharmacovigilance Vs Medical Coding as a Career
For better understanding, let’s take a look at the comparison between pharmacovigilance and medical coding as a career choice
Does a Career in Pharmacovigilance Have Scope?
Pharmacovigilance careers have excellent scope, especially in today’s pharmaceutical and healthcare landscape which is growing exponentially. Pharmacovigilance offers:
- Stability in career
- Global demand and opportunities
- Work from home/Remote opportunities
- Long-term career path
- Better work-life balance
Does a Career in Medical Coding Have Scope?
A career in Medical Coding has great scope, especially for life sciences and paramedical graduates seeking a non-clinical and stable career in the healthcare industry. Medical coding offers:
- High demand in India and the US healthcare industry
- Entry-Level Friendly with Certification-Based Growth
- Steady career and income with growth opportunities
- Work from home
- Better work-life balance
Overview
Pharmacovigilance Vs Medical Coding: Which is Better? So basically this depends on your educational background, knowledge, interest in the field and long-term career goals. But pursuing a career in either of these fields is not a piece of cake and can be a little overwhelming and confusing. But with the right guidance, everything is possible.CareerInPharma offers a diploma in both Pharmacovigilance and Medical coding that helps you gain industry-oriented knowledge and skills that help you make a job job-ready. Enroll now and take your first step towards your dream career.
