Medical Billing and Coding SalaryFind out what the medical billing and coding salary range is. Use our handy salary calculator to see what medical coding salaries and medical billing salaries for your location. Learn the factors that determine medical billing and coding salaries.Medical billing and coding salaries are determined by several factors:
Remember to consider benefits when searching for a job – this is another form of medical billing and coding salary compensation:
U. S. Bureau of Labor Unfortunately the Occupational Outlook does not differentiate the medical billing salary from medical coding salaries. It considers both to be medical records and health information technicians. The Bureau of Labor Statistics appears to combine similar occupations together into what is considered more like medical billing coding salaries. You would expect the medical coding salary to be on the higher end of this salary range since medical coders are more likely to have credentials and certifications which typically require more training. Type of Employer
Impact of Employer Size on Medical Billing and Coding Salary Larger employers are more likely to offer better benefits than smaller employers - which most doctors offices with one or two providers would tend to be classified as. Larger employers such as hospitals will typically have more stringent certification, education, and experience requirements than smaller employers would. Category of Healthcare Industry
The interesting conclusion from this data is that larger employers, pharmaceutical, and professional/political employers pay the highest medical billing and coding salary. Remember though that these employers also are more likely to have higher standards for certification, education, and experience. Medical Coding Salary The overall average salary for medical coders is $45,404 for certified and $37,746 for non-certified coders. This is quite a difference as you can see the benefits of certification which increases annual salary over $7,600. Investing the time and money into becoming certified is well worth it. Experience Non-certified coders very from $30,175 starting to $47,805 for 25 plus years of experience. Size of Employer The lowest medical coder salary workplace is Home Health at $37,965 and Long Term Care facilities at $39,881. Non-certified coders earn about 10% to 15% less. Where You Live
As AAPC data shows, medical coding salaries are still doing well despite a despite the economy and job prospects for other professions. The survey results discussed above were complied from over 10,000 coders. Source: AAPC PayScale Salary Data This is according to PayScale.com. This translates into a range from $25,230 a year to $40,144 per year with a mid-point about $32,700. The pay ranges reflected in this data is a national average and can vary widely. The range of salary is dependent on:
Medical Billing SalariesHere’s the PayScale data on the medical billing salary: Median Salary by Years Experience - Job: Medical Billing Specialist (United States)  Compare your salary: Get a free Salary Report The medical billing clerk salary - I would consider this someone less experienced in medical billing who performs more clerical duties and doesn’t have as indepth knowledge as the medical billing specialist: Median Salary by Years Experience - Job: Medical Billing Clerk (United States)  Compare your salary: Get a free Salary Report Medical Billing and Coding Salary Calculator Try this handy calculator courtesy of PayScale: PayScale Salary Calculator Comparing Medical Billing and Coding Salary to Other Medical Office Jobs For comparison let’s compare other medical office jobs to the medical billing and coding salary info we looked at above. Medical Office Manager Medical Office Assistant Medical or Dental Office Desk Receptionist Differences Between Salary Surveys In researching the medical billing and coding salary range, I noticed it can vary widely depending on the source. According to to the job search site Indeed, the average salary range for medical coders is $42,000 a year. This works out to about $20.19/hour which is higher than the Department of Labor and PayScale data above. So use this data to get a general idea of the range to expect for medical coding salaries. Negotiating Medical Billing and Coding Salary Don’t accept a job without knowing the salary. I know - this seems obvious but you wouldn’t believe how ofter this happens. Especially with those anxious to get a job. Let the employer bring up discussion of salary. If its late in the interview process and the employer still hasn’t mentioned salary, politely ask what the salary range is or what they are offering for the position. Even though you are anxious to know the max pay, try to discuss salary at the end of the interview process. I read advice from a seasoned career counselor recently who pointed out that the one who brings up a number first looses. When you do well in the interview they will feel like they must have you - and your value to them will be more. When you impress them they will most likely be willing to pay at the top of their range - than they were before the interview process. If they ask what salary you expect early in the interview process or before interviewing try to defer by saying something like “I’d like to hear a little more about what the job involves before getting into the pay range if that’s OK.” If pressed for a salary give a salary range that’s in line with your requirements. Know your worth. Research salaries for the job in your area so you get a good idea and basis for negotiations. Online salary resources like Salary.com, PayScale.com, and SalaryExpert.com are good free resources to research. Salary negotiation is not rude - its something most employers expect. Just remember to be professional and diplomatic through the process. Return from Medical Billing and Coding Salary to All Things Medical Billing |
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