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

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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: Fort Myers

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.

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  • Diploma - Medical Insurance Billing & Coding
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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.

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  • A.S. - A.H. - Medical Office Admin/Billing and Coding
Locations: Hollywood

UEI College (Formally Anthem College – Bryman School) is for individuals who seek to achieve more with their lives through education and training. No matter what stage of life you find yourself in, it is never too late to set new goals for yourself.

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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.

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  • Medical Billing and Coding - Diploma
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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
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No matter what occupation you choose to pursue, the competition for a good job is fierce. Lansdale School of Business (LSB) can help you stand out from the rest by teaching you the specific skills you need to succeed in the career you desire.

Programs:

  • Diploma-Billing and Coding Specialist
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Valley College of Medical Careers in the San Fernando Valley of Los Angeles, California– is the perfect place for you to receive an expert education in the healthcare field and to attain your career goals. We offer superb programs in Pharmacy Technician, Medical Assisting, Medical Billing and Coding, and Surgical Technology. Whether you are starting on the path to your first job, transitioning from another field, or if you are a healthcare professional who wants to change jobs in the same field, enrolling in one of our programs can provide you with a superior education, professional classroom training, and real-world experience through externships and also job placement assistance. Our outstanding programs are offered continually, throughout the year, during the day and the evening. Our flexible class schedules allow you to seamlessly sync your education with the rest of your life. Furthermore, our programs are taught by accomplished and experienced industry professionals who are engaged in the educational process and are dedicated to imparting their knowledge to you via traditional instruction and hands-on clinical experience. At VCMC, we offer a warm, welcoming, and nurturing environment–we are like one big happy family!

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  • Medical Billing & Coding
Locations: Canoga Park

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.

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  • Medical Insurance Biller
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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.

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