Medical Billing & Coding Salary in 2018

Other Healthcare Specialties Salaries

The Average Salary 

The average salary of medical billing & coding in US is $34,000.

Physicians and other medical personnel and their patients, and health insurance companies, all rely on medical billing and coding professionals to ensure the accuracy, security and availability of personal health data and medical histories. The databases may be maintained in electronic or paper formats, or both. So these information specialists must be familiar with medical terminology, with treatments and their respective codes, and with the appropriate computer software. In return for this expertise, what can they expect to earn?

  • Median Medical Billing and Coding Salary
  • Lowest and Highest Salary
  • Salary Range for Middle 50%

$34,000 per year

$16 per hour

The median salary for medical billing and coding is $34,000 per year, or $16 an hour. It’s important to note that the median salary is not the average salary, but rather the mid-point (or middle) salary for these medical professionals.

The Total Salary Package

Base Salary represents 84% : 

Benefits and bonuses includes : 

Health Insurance

Life Insurance

Vacation

Social Security

Other Perks

Pensions

Before making a decision about the earning potential of a career or the compensations of a particular job offer, it is always best to factor in the value of benefits whose monetary worth is not immediately apparent. Employee compensations may include health insurance, a pension scheme, life insurance, social security and paid leave for vacations and sickness. For medical billing and coding professionals, the total annual salary package, including these benefits, is $51,000.

Cities with the highest paying medical billing and coding

CitiesAnnual Salary
Medical Billing and Coding Salary in Berkeley,CA$43,494
Medical Billing and Coding Salary in Levittown,PA$41,760
Medical Billing and Coding Salary in Huntington,NY$42,019

States with the highest paying medical billing and coding

States Annual Salary
Medical Billing and Coding Salary in California$44,084
Medical Billing and Coding Salary in New Jersey$44,306
Medical Billing and Coding Salary in New York$43,605

Factors affecting medical billing and coding salaries


A medical billing and coding’s salary will be based on a variety of factors, such as experience level, location of employment, and the industry he or she chooses to work in.


1. Experience


Entering an occupation without training can be risky, and untrained personnel run the risk of ending up at the bottom of the salary scale for their profession. Medical billers and coders are no exception to this rule, and those with industry-specific education are likely to climb the ladder faster. Experience counts as well, and a reasonable number of years spent in the profession will inevitably increase earning potential. Medical billers and coders who can demonstrate a familiarity with ICD-10, the 10th revision of the International Classification of Diseases, will find themselves in demand.


2. Location


Not everyone can choose the geographic location in which they work, but for those who can, Texas and California are the highest-paying states for medical billers and coders. On the other hand, states in the Midwest are among the lowest payers. Also be aware that, for most occupations, employers in metropolitan areas are obliged to be more generous in the salaries they offer because the cost of living tends to be higher than in nonmetropolitan districts.


Training and Certification Requirements

There are a number of organizations offering training, examinations and certification in medical billing and coding, including the National Healthcareer Association and the American Academy of Professional Coders. Certification is not a prerequisite for working in this field, but a if you can demonstrate that you are a Certified Professional Coder (CPC) or a Billing and Coding Specialist (CBCS) your resume will certainly stand out.


Medical coders are trained to understand anatomy, physiology and medical procedures, so that they can use the correct codes in health records and insurance claims. Medical billers apply the same processes in order to collect payments from insurers or government programs. So it’s easy to see that, without the expertise provided by medical billers and coders, the business side of healthcare would grind to a halt.

The ageing population is increasing the demand for medical procedures, and health insurance reform is giving more people access to medical care. Physicians’ offices, hospitals, outpatient clinics and insurance companies therefore have a growing need for medical billing and coding. It offers a stimulating career in the healthcare industry without a commitment to lengthy training or antisocial working hours.

International Medical Billing And Coding Salaries


CountriesAnnual Salary
Medical Billing and Coding Salary in UK£45,000
Medical Billing and Coding Salary in CanadaC$40695
Medical Billing and Coding Salary in AustraliaAU$72327

Source:

The average salary of medical billing & coding in US is $34,000.

What to expect 

Physicians and other medical personnel and their patients, and health insurance companies, all rely on medical billing and coding professionals to ensure the accuracy, security and availability of personal health data and medical histories. The databases may be maintained in electronic or paper formats, or both. So these information specialists must be familiar with medical terminology, with treatments and their respective codes, and with the appropriate computer software. In return for this expertise, what can they expect to earn?

Median medical billing and coding salary

  • $34,000 per year
  • $16 per hour

The median medical billing and coding salary is not the same thing as the average salary. It is in fact the salary in the center of the range of recorded salaries for medical billers and coders. The median salary is $34,000, which is the equivalent of earning $16 an hour

Salary range for middle 50% of this professionals

  • $31,000 – $36,600
  • $15 – $18 per hour

Looking now at the middle 50% of medical billing and coding salaries, in order to get a feeling for the typical range, it appears that a mainstream employee in this field could be earning as little as $31,000, or as much as $36,000, depending on factors discussed in detail below. The earnings per hour for the middle 50% fluctuate between $15 and $18.

Lowest and highest medical billing and coding salary

  • Lowest – $28,600 ($14/hour)
  • Highest – $40,500 ($19/hour)

It’s always useful to know what a starting salary might be, for a newcomer to the medical billing and coding field, and also what level of salary to aim for as a seasoned and experienced professional. The lowest 10th percentile of salaries is the indicator for novices, and this is a modest $28,600 ($14 per hour). A more respectable $40,500 ($19 per hour) is earned by established experts in the top 10th percentile.

The total salary package for medical billing and coding

Before making a decision about the earning potential of a career or the compensations of a particular job offer, it is always best to factor in the value of benefits whose monetary worth is not immediately apparent. Employee compensations may include health insurance, a pension scheme, life insurance, social security and paid leave for vacations and sickness. For medical billing and coding professionals, the total annual salary package, including these benefits, is $51,000.


Factors affecting medical billing and coding salaries

Entering an occupation without training can be risky, and untrained personnel run the risk of ending up at the bottom of the salary scale for their profession. Medical billers and coders are no exception to this rule, and those with industry-specific education are likely to climb the ladder faster. Experience counts as well, and a reasonable number of years spent in the profession will inevitably increase earning potential. Medical billers and coders who can demonstrate a familiarity with ICD-10, the 10th revision of the http://www.who.int/classifications/icd/en/“>International Classification of Diseases, will find themselves in demand.

Not everyone can choose the geographic location in which they work, but for those who can, Texas and California are the highest-paying states for medical billers and coders. On the other hand, states in the Midwest are among the lowest payers. Also be aware that, for most occupations, employers in metropolitan areas are obliged to be more generous in the salaries they offer because the cost of living tends to be higher than in nonmetropolitan districts.

Training and certification requirements for medical billing and coding

There are a number of organizations offering training, examinations and certification in medical billing and coding, including the http://www.nhanow.com/home.aspx“>National Healthcareer Association and the https://www.aapc.com/“>American Academy of Professional Coders. Certification is not a prerequisite for working in this field, but a if you can demonstrate that you are a Certified Professional Coder (CPC) or a Billing and Coding Specialist (CBCS) your resume will certainly stand out.

Medical coders are trained to understand anatomy, physiology and medical procedures, so that they can use the correct codes in health records and insurance claims. Medical billers apply the same processes in order to collect payments from insurers or government programs. So it’s easy to see that, without the expertise provided by medical billers and coders, the business side of healthcare would grind to a halt.

The ageing population is increasing the demand for medical procedures, and health insurance reform is giving more people access to medical care. Physicians’ offices, hospitals, outpatient clinics and insurance companies therefore have a growing need for medical billing and coding. It offers a stimulating career in the healthcare industry without a commitment to lengthy training or antisocial working hours.

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