Medical Billing and Coding Salary

by admin on September 2, 2012

What is the worth of a Medical Billing and Coding job?

Medical Billing and coding profession in brief:

Jobs in the health care industry are high in demand, including the administrative positions due to the rapid expansion of the medical industry. The role of a medical biller and coder is one of the most important administrative roles who keep a track of the services provided to patients by entering the services coded into a computer and generating an invoice for the services given to the patient. These professionals are like gatekeepers who keep the money flowing in a medical organization. The profession of medical billing and coding requires the professionals to sort of files and deal with large amounts of paperwork. They are in charge of looking after the insurance claims, insurance fraud and Medicare.

Working as a medical billing and coding professional requires them to keep the patient medical and financial files confidential by preparing reports on a daily basis. They are also given the responsibility to collect money from the patients on behalf of the medical billing and coding department.

Although, medical coding and medical billing are two different positions of expertise, they are often combined as majority of the skills overlap. Medical billing and coding professionals are given the responsibility to translate the patient information into alpha-numeric codes and prepare reports which have to be submitted to the insurance agency n order to claim payment. Individuals who are interested in the field of medial administration must be encouraged to take up medical billing and coding as a career as it one of the fastest growing profession in the healthcare sector. In addition to this, a medical biller and coder will have a bright future because of the many unfilled positions that occur due to the shortage of well-qualified professionals.

Once you enter the field with certification, a number of employment opportunities will be provided within minimum educational requirements. These professionals are given the task to train other newly recruited professionals to the industry within no time of their experience in the field. It is usually large hospitals who employ medical billing and coding professionals in order to facilitate the operations of billing methods. Other places of employment for these professionals are nursing homes, clinics, physician’s office and any other health care business organization. This article focuses on the remuneration packages of a medical billing and coding professional keeping in mind the factors that affect the salary of a professional.

Salary of a Medical Billing and Coding Professional:

The salary of a medical billing and coding professional depends upon a number of factors such as experience in the industry, geographical location of employment, type of employment, industry you are employed with, educational qualifications etc. The average salary of this professional is estimated to be ranging around $38,010 and $50,010 per annum.

Medical billing and coding professionals who are employed as permanent employees earn salary more than $74,010 while professionals who are employed in the training ground to groom newly recruited medical billing and coding professional get paid an average of $48,010. The salary given to this professional also varies with the hierarchical position in the medical billing and coding department. Given below is a table that lists out the salary details of the various job positions in the medical billing and coding department:

Job Positions – Medical Billing and Coding

National Hourly Salary Range

Medical Records Coder

$9.10

$19.10

Certified Medical Billing and Coding Specialist

$7.60

$17.40

Medical Biller

$8.55

$17.00

Certified Professional Coder (CPC)

$9.20

$18.50

Certified Medical Biller

$9.10

$22.90

Biller, Medical Office

$9.75

$14.30

Medical Billing Specialist

$11.70

$16.05

  Experience wise Salary:

Experience plays a crucial role in determining the salary range for a medical billing and coding professional. As it is through experience that professionals understand the profession well that enables them to craft their skills of the field. Experience makes a man perfect and medical billing and coding professionals learn the tricks of the trade. Knowledge of the technical procedures is obtained only through their work experience and not from reading books. Experience counts more than educational qualifications for this profession.

However, minimum educational qualifications are mandatory. Experience also increases the worth of the professionals and they tend to get paid a higher salary amount. Given below is the salary of a medical biller and coder according to years of experience acquired in the industry:

Years of Experience

National Hourly Salary Range

Less Than 1 Year

$11.15

1 – 4 Years

$12.50

5 – 9 Years

$16.20

10 – 19 Years

$15.20

20 Years and More

$15.00

 Salary according to certification:

Medical billing and coding professionals are required to be certified after the completion of their college education. However, certification is not mandatory but it gives you a credential in earning a higher alary apart from getting a number employment opportunities.

Certification is a way to certify the skills of being a medical biller and coder and this is sole reason why certified and licensed professionals earn a higher remuneration when compared to non-certified professionals. There are a number of certifications given to this professionals and one choose the best that suits your college education. It must be noted that the salary varies with every certification depending on the value of skills to be certified. Following is a table that lists out the salary details of a medical billing and coding professional according to certification:

Certification

National Hourly Salary Range

Medical Billing and Coding Certificate

$13.60

Certified Professional Coder (CPC)

$14.55

Certified Coding Specialist (CCS)

$18.05

Certified Coding Associate (CCA)

$16.75

Certified Medical Assistant (CMA)

$13.10

American Academy of Professional Coders (AAPC)

$16.60

Certified Billing Coding Specialist (CBCS)

$17.00

 Salary according to Skill and Specialization:

The profession of medical coding and billing is vast and as such professionals are required to specialize in one particular field such as medical ethics, medical claims, electronic medical records etc. With specialization varies the pay of a medical billing and coding professional because the quantity of work assigned to the professional based on his skills of the profession varies. Given below is a table that lists out the salary data of a medical billing and coding professional based on their skill and specialization:

Skill/Specialty

National Hourly Salary Range

Medical Coding

$13.05

Medical Records

$10.55

Medicaid Claims

$13.05

Customer Service

$10.30

Medical Ethics

$12.05

Medicaid and Medicare Billing

$17.45

Electronic Medical Records (EMR)

$14.15

 Salary according to State and City:

Geographic location of employment has a huge impact on the remuneration given to a medical billing and coding professional. This is because the economic rate of the state, standard of living and the demand for these professionals effect the salaries given to employees working in that state. A state with a high economic rate, high standard of living and a demand for these professionals would pay a higher amount when compared to a state with a low economic rate and a high standard of living.

The following table lists out the salary details of a medical billing and coding professional according to state:

State

National Hourly Salary Range

California

$15.05

Illinois

$12.95

New York

$14.55

Florida

$13.55

New Jersey

$14.45

Texas

$11.85

Massachusetts

$17.05

The next table lists out the salary details according to city:

City

National Hourly Salary Range

Austin, Texas

$12.05

Boston, Massachusetts

$18.10

Harrisburg, Pennsylvania

$14.05

Phoenix, Arizona

$16.70

St. Louis, Missouri

$14.05

Milwaukee, Wisconsin

$14.20

San Diego, California

$16.55

The profession of medical billing and coding jobs are mostly crowded by females rather than males. The ratio of male to female employment is calculated to be around 6%:94% respectively. With gender varies the salary package too. It seen that while the female medical billing and coding professionals earn salary ranging around $10.50 and $16.20 on a hourly basis while their male counter parts earns salary ranging around $11.35 and $14.40 per hour.

Apart from the traditional salaries, these professionals enjoy additional benefits as part of their employment in the health care organization. Following are the benefits given to these professionals:

Benefits/Perks

National Hourly Salary Range

Paid Holiday Vacations

$13.75

401 (K)

$13.55

Paid Sick Leave

$14.20

Life Insurance Disability

$14.30

Flexible Schedule

$14.60

Education Reimbursement Fee

$14.30

Free Drinks/Water

$15.20

The position of a medical billing and coding professional is very rewarding considering their job role and their contribution to the administration operations of the health care sector.

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