Medical Billing and Coding Salary

Medical Billing and Coding Salary

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

Matching School Ads

At UEI College, we want you to succeed. We’re like a family and we want you to be a part of it. From the moment you enter ourschool, to graduation and beyond, we are right there with you.

Programs:

  • Medical Billing & Insurance Coding (10-Month Diploma Program)
Locations: Bakersfield
Get allied health training with Ross Medical Education Center. We offer programs in dental assisting, medical assisting, medical insurance billing and office administration, and pharmacy tech.

Programs:

  • Medical Insurance Billing and Office Administration
Locations: Mansfield

At Glendale Career College, your success is our success! Our short-term allied health training programs will give you the skills to become part of the ever-growing healthcare field. Your decision to continue your education with Glendale Career College will prove to be a rewarding experience.

Programs:

  • Medical Insurance Biller
Locations: Glendale

The Berkeley Advantage®

Preparing students for professional and personal success is what Berkeley College is all about. From career-focused degree and certificate programs offered in some of today’s most in-demand professions to extensive support resources, YOU are at the center of everything we do at Berkeley. Our commitment to students begins with their very first inquiries.
 

Programs:

  • Certificate in Medical Insurance, Billing, and Coding
  • AAS in Health Services Administration - Medical Insurance, Billing, and Coding
Locations: New York
Harris School of Business offers career-focused education that gives you the skills you need to make the leap into your new career.

Programs:

  • Health Claims Specialist Plus
Locations: Voorhees

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. 

 

Programs:

  • Associate of Science in Medical Administrative Billing and Coding
Locations: New Port Richey

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.

Programs:

  • Medical Insurance Billing & Coding (MIBC), AAS
  • Medical Insurance Billing & Coding (MIBC), Diploma
Locations: El Paso

Get Career-Relevant Training with Miller-Motte College! 

 
At Miller-Motte College, you can find educational programs that can help you launch a new career. Whether it’s in the healthcare field to help the well-being of others or enhancing your business skills, we have programs to match your interests and meet your needs. Our training programs are career-focused and designed to help you gain the knowledge and hands-on training to succeed.
 
Beauty and Wellness
  • Barbering
  • Massage Therapy
  • Cosmetology
  • Esthetics Technology 
Business
  • Business Administration
Healthcare
  • Allied Health Management
  • Medical Clinical Assistant
  • Veterinary Technician
  • Dental Assisting
  • Medical Billing and Coding
Legal & Protective Services
  • Criminal Justice
Technology
  • IT Support Specialist
  • Mechatronics

Programs:

  • Medical Billing and Coding
Locations: Fayetteville

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.

Programs:

  • Diploma - Medical Insurance Billing & Coding
Locations: Albuquerque

Back to School Scholarship Available to All New Students Until October 22nd.

Since 1996, Southern California Health Institute has been dedicated and committed to helping students achieve their dreams by providing an exceptional education that enables them to become skilled and successful manual therapists. We have graduated over 1,500 students who are now a part of a larger community of wellness and healthcare.

Programs:

  • Medical Billing and Coding Specialist Program
Locations: Reseda

medical coderThe 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.

Sorry, comments are closed for this post.