Looking for a career in medical billing and coding? The median annual salary for professionals in this field is $34,000, or $16 per hour. The range of salaries for the middle 50% of workers is between $31,000 and $36,600. This equates to an hourly pay range between $15 and $18. Employees working in the lowest 10th percentile make on average about $28,600, or $14 every hour. However, those working in the top 10th percentile can make $19 or higher per hour. This adds up to at least $40,500 every year.
Many factors will determine the salaries for such a profession. These may include experience, certification, and geographic location. Professionals with both a bachelor’s degree and the proper certification will rake in a higher income. However, neither of these two are specifically required. Furthermore, geographic location plays a part on salary. States such as Texas and California tend to pay medical coders and billing specialists higher salaries. States in the Midwest tend to provide lower wages.
The average total compensation package for this field after benefits is $51,000. Benefits paid for by an employer may include social security and pension, health care insurance, and vacation time, among others.
Job Description of Medical Billing and Coding
Professionals in the medical billing and coding industry normally work in hospitals, clinics, and medical offices. However, nursing homes also employ such specialists. There are various position to be held in the field include administrative assistant, billing specialist, office manager, and front desk receptionist, to name a few.
With the help of these professionals, patient medical services are coded, billed, and entered into a computer. The invoice is then sent to the patient. Employees must handle insurance claims and account transactions. Overall, the daily tasks of someone in medical billing and coding involves a ton of paperwork.
Training for Medical Billing and Coding
- Medical Insurance Billing and Office Administration
Since 1977, Keiser University has maintained a practical, hands-on approach to career-focused education to help our students achieve their personal and professional goals. Our student-centered approach remains at the foundation of the Keiser University mission and continues to attract students who prefer a more personal learning experience.
- Associate of Science in Medical Administrative Billing and Coding
Arizona College prepares students to work in the 'real world' of medicine. With the use of lecture and laboratory teaching, we provide our students with hands on experience.
- Health Information Specialist
Our mission is YOUR SUCCESS!
When you succeed, we succeed. That is why we provide high-quality, specialized career preparation for all our students. Our goal is to help you find your rewarding career.
Our Mission Statement:
To provide high-quality, specialized career preparation or enhancement to meet and cope with technological changes resulting in employment and career success.
- Medical Insurance Billing & Coding (MIBC), AAS
- Medical Insurance Billing & Coding (MIBC), Diploma
Get Career-Relevant Training with Miller-Motte College!
- Business Administration
- Allied Health Management
- Medical Clinical Assistant
- Veterinary Technician
- Dental Assisting
- Medical Billing and Coding
- Healthcare Information Technology
- Surgical Technology
- Criminal Justice
- IT Support Specialist
- Cyber Security
Miller-Motte College has eleven convenient locations so you can get the training to start or advance your career. We’re located in:
- Augusta, GA
- Charleston, SC
- Chattanooga, TN
- Columbus, GA
- Conway, SC
- Fayetteville, NC
- Jacksonville, NC
- Macon, GA
- Raleigh, NC
- Wilmington, NC
- Medical Billing and Coding
Get hands-on training with Brookline College. We offer diploma and degree programs in the areas of health care, business, nursing, criminal justice, paralegal, and computer security. We understand that today's student is busy with many responsibilities, so we offer day, evening, and online classes, giving you options to fit school into your schedule.
- Diploma - Medical Insurance Billing & Coding
- Diploma - Medical Office Administration
North-West College prides itself for having modern, well-equipped facilities that are centered on the student’s experience.
North-West College (NWC) was founded in 1966 by Marsha Fuerst. Mrs. Fuerst's family has been involved in the allied health field since the early 1950's. North-West College continues to be owned and operated by Mrs. Fuerst's son Mitchell Fuerst. The Fuersts' passion for career education and their desire to provide high quality, relevant training is one of the guiding principles of the College.
Our College's mission is to prepare students in short term programs for gainful employment. To accomplish this, we furnish a professional faculty, well-qualified administrators, and a top-notch support staff. Facilities are well equipped, clean, and decorated to keep the atmosphere vibrant, friendly, and warm. The quality of education is the highest priority at the College. Students are accepted on their ability to benefit regardless for race, color, or creed.
- Medical Insurance Biller
REACH HIGHER, GET HIRED
Take the step to get a new career today
SPARK SUCCESS WITH SCI
Southern Careers Institute has maintained a tradition of career training for over 50 years in Texas with campuses in Austin, Brownsville, Corpus Christi, Harlingen, Pharr, San Antonio & Online courses available to anyone, anywhere.
At SCI, we have made it our mission to provide our students with the training they need to be successful in a new career. We offer career training in Medical, Business, Skilled Trades, Beauty, & Technology programs. These certification-based programs are designed to make our graduates some of the most marketable job candidates.
We are Texas born, Texas proud.
- Medical Billing and Coding Specialist
Ultimate Medical Academy is a nonprofit healthcare career school—and students are at the heart of everything we do. That’s why we offer exclusive student services through your career training and beyond, beginning from the time you enroll online or at our campus in Clearwater, FL. We’ll also guide you toward the right program for your goals, and help you understand the affordability of your career training. So let us know you’re interested, and we’ll discuss how UMA can help you succeed.
Gainful employment information can be found at UltimateMedical.edu/gainful-employment and includes information on tuition, loan debt, completion, placement, and occupations.
- A.S. - Medical Billing & Coding
- Diploma - Medical Office Billing Specialist
- A.S. - Health Sciences - Medical Administrative Assistant
About City College
Since 1984, City College, a private not-for-profit university, has been dedicated to providing a hands-on, practical and relevant college education to students in Florida and online. Our mission is to educate and train students in their chosen major, in preparation for employment in specific career fields. Whether you are a recent high school graduate, an adult thinking about returning to college, or a military veteran seeking a new civilian career, the City College Office of Admissions will help you make the right choice for your unique situation and begin a rewarding new career.
We offer our students an atmosphere of caring and respect. At City College you’re not just a student, you’re family.
- A.S. - A.H. - Medical Office Admin/Billing and Coding
The educational path to become a medical biller and coder is a fast-track into the medical industry. Only an associate’s degree or diploma from an accredited program tailored specifically to medical billing and coding is required. However, earning a bachelor’s degree can raise job opportunities and provide higher wages.
Certification is not required, as many medical billers and coders have worked without it. However, greater job opportunities and higher wages lie in store for the coder that has all the proper credentials. One certification to obtain would be the Certified Professional Coder (CDC) designation.
Medical Billing and Coding Salary in Other Countries (UK, Canada and Australia)
Believe it or not, the United States pays rather low wages to medical billers and coders. The field has become much more lucrative in other countries. For instance, employees working in Australia can take home a yearly salary of about AU$180,000 on average. This is significantly higher than U.S. standards. Even the United Kingdom pays high wages to medical billers and coders. An average of £73,000 is reportedly paid to medical billing and coding employees every year. This is equivalent to $117,000 in America.
Canada, however, falls in the same category as the United States. Canadian employees can earn an average of C$33,000 per year.
Verdict on Medical Billing and Coding Salary
A career in medical billing and coding can be rewarding. The educational requirements are slim, so the path can be a fast-track into the medical industry. Wages are comfortable, but much lower than many other professionals working in the health care fields. The best thing to do is research information on becoming medical billers and coders in Australia or the United Kingdom. That’s a hefty salary to bring home.