Certified Medical Billing/Coding Specialist Salary

Women account for the majority of Certified Medical Billing Specialists in the United States. The entire group has an average salary of $14.57 per hour. Total incomes of Certified Medical Billing Specialists incorporate potential for, in a few cases, more than $2K from bonuses and close to $5K from profit sharing; these performance components cause packages to range between $21K and $45K. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. Unfortunately, some people in this line of work are without benefits — one-fourth lack coverage. On the flip side, a fair number have medical insurance and over one-half receive dental plans. This report is based on responses to the PayScale salary survey.
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$23,777 - $51,734
(Median)
$24K
$36K
$52K
MEDIAN: $35,519
10%
50%
90%

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$10.14 - $19.42
(Median)
$10
$15
$19
MEDIAN: $14.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$18K$36K$54K
Salary
$23,777 - $51,734  
   
Bonus
$0.00 - $1,938  
Profit Sharing
$253.42 - $5,051  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$21,428 - $44,599  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 418
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$11$22$33
Hourly Rate
$10.14 - $19.42  
   
Overtime
$2.79 - $30.40  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$22K$44K$66K
Bonus
$0.00 - $1,938  
   
Profit Sharing
$253.42 - $5,051  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$21,428 - $44,599  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,320
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Job Description for Certified Medical Billing/Coding Specialist

A certified medical billing/coder specialist is a skilled medical worker who functions in an office-based setting to interpret official medical records into codes which can be submitted to insurance companies for payment. The certified medical billing/coder specialist must be skilled in understanding medical terminology and searching the medical provider's documentation to identify all diagnoses, conditions, reasons for treatment, services and procedures recorded, and to assign the appropriate billing code to each. The codes determine the amount that the physician is paid for his or her services. The codes are contained in the medical records coder "bibles," the ICD-9 and CPT-4 books. Working as a certified medical billing/coder specialist requires a strong background not only in medical terminology, but also in anatomy and physiology, pharmacology, computer and typing skills, billing, and accounting. Certified medical billing/coder specialist students also complete a hands-on practicum prior to graduating. Certified medical billing/coder specialist programs are offered as diploma or degree programs. Upon graduation, the coder must take and pass a national certification exam. Certified medical billing/coder specialists work in a variety of settings, including hospitals, outpatient and inpatient clinics, surgical centers, and dental offices. Any place that provides medical services requires the services of a certified medical billing/coder specialist. Certified medical billing/coder specialists work in conjunction with physicians and other medical providers and, in addition to coding services, provide education to providers regarding medical record requirements and conduct chart reviews for completeness. Certified medical billing/coder specialists have the ability to make their own schedule, and with telecommuting can even work at home.


Certified Medical Billing/Coding Specialist Tasks

  • Organize and verify patient records, bills, and statements.
  • Code patients' diagnoses and requests payment from insurance companies or individuals.
  • Record and process patient data including treatment records, insurance information, bills, and payments.
  • Set-up payment plans for patients.

Medical Billing/Coding Specialist Job Listings

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Popular Skills for Certified Medical Billing/Coding Specialist


Certified Medical Billing Specialists report using a pretty varied skill set on the job. Most notably, skills in International Statistical Classifications of Diseases - 9 Coding, Medical Coding, Medicaid & Medicare Billing, and Accounts Receivable are correlated to pay that is above average. Those proficient in Insurance are, more often than not, also skilled in Medical Coding.

Pay by Experience Level for Certified Medical Billing/Coding Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For Certified Medical Billing Specialists, experience does not seem to be a major factor in determining pay. The average worker who claims fewer than five years of experience earns around $30K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $34K. For Certified Medical Billing Specialists, 10 to 20 years of experience on the job amounts to an average salary of $37K. In the end, more experience does seem to mean larger paychecks; seasoned Certified Medical Billing Specialists with more than 20 years of experience earn a predictably higher median salary of $41K.

Pay Difference by Location


Los Angeles is home to an above-average pay rate for Certified Medical Billing Specialists, 10 percent higher than the national average. Certified Medical Billing Specialists will also find cushy salaries in Phoenix (+8 percent), Dallas (+7 percent), Baltimore (+5 percent), and New York (+2 percent). The smallest paychecks in the market, 10 percent south of the national average, can be found in Jacksonville. Workers in Miami and Austin earn salaries that trail the national average for those in this profession (4 percent less).

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Experience Affects Certified Medical Billing/Coding Specialist Salaries




National Average
$31,000


Skills That Affect Certified Medical Billing/Coding Specialist Salaries

International Statistical Classifications of Diseases - 9 (ICD - 9) Coding
up arrow 8%

Medical Coding
up arrow 2%

Medicaid & Medicare Billing
up arrow 2%

Accounts Receivable
up arrow 2%

Insurance
up arrow 1%

Billing
0%

Electronic Medical Records (EMR)
0%

National Average
$31,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 189 votes.

Gender

Female
95 %
Male
5 %

Years of Experience

Less than 1 year
16%
1-4 years
52%
5-9 years
16%
10-19 years
11%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 71% dental benefits Dental: 52%
vision benefits Vision: 43% employee benefits None: 26%
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