Certified Medical Billing/Coding Specialist Salary

Most Certified Medical Billing Specialists in the United States are women. The median pay for people in this role is approximately $14.57 per hour. Final cash compensation to Certified Medical Billing Specialists varies from around $21K to approximately $44K; choice pay grades include potential for bonuses and profit sharing as high as $2K and $5K, respectively. Experience level is the biggest factor affecting pay for this group, followed by geography. Job satisfaction for Certified Medical Billing Specialists is high. While around one in four report receiving no health benefits, a strong majority do receive medical coverage, and over one-half have dental, as well. This overview is based on answers to PayScale's salary questionnaire.
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$23,937 - $51,114
(Median)
$24K
$35K
$51K
MEDIAN: $35,463
10%
50%
90%

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$10.14 - $19.31
(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
$23,937 - $51,114  
   
Bonus
$0.00 - $1,951  
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).
)
$21,451 - $44,009  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 412
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 - $19.31  
   
Overtime
$3.21 - $30.31  
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 - $1,951  
   
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).
)
$21,451 - $44,009  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 1,330
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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.

Common Career Paths for Certified Medical Billing/Coding Specialist


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Though it's uncommon, some Certified Medical Billing Specialists move into roles as Medical Billing Managers, where pay is an average $41K per year. Certified Medical Billing Specialists moving up in their careers tend to step into positions as Certified Professional Coders or Medical Coders. The median paychecks in those roles are $4K higher and $3K higher, respectively.

Medical Billing/Coding Specialist Job Listings

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Popular Skills for Certified Medical Billing/Coding Specialist


Survey results suggest that Certified Medical Billing Specialists put a wide range of professional skills to use. Most notably, skills in International Statistical Classifications of Diseases - 9 Coding, Accounts Receivable, Medical Coding, and Medicaid & Medicare Billing are correlated to pay that is above average. Most people familiar with Insurance also know Medicaid & Medicare Billing.

Pay by Experience Level for Certified Medical Billing/Coding Specialist

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


Certified Medical Billing Specialists with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Although individuals who have less than five years' experience earn $30K on average, people with five to 10 years benefit from a notably larger average of $34K. Certified Medical Billing Specialists see a median salary of $37K after reaching one to two decades on the job. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $41K on average.

Pay Difference by Location


With a pay rate for Certified Medical Billing Specialists that is 9 percent greater than the national average, Los Angeles offers a comfortable salary for those in this profession. Certified Medical Billing Specialists can also look forward to large paychecks in cities like Phoenix (+8 percent), Dallas (+6 percent), Baltimore (+5 percent), and New York (+4 percent). The smallest paychecks in the market, 10 percent south of the national average, can be found in Jacksonville. Below-median salaries also turn up in Houston and Miami (4 percent lower and 3 percent lower, respectively).

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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 185 votes.

Gender

Female
95 %
Male
5 %

Years of Experience

Less than 1 year
16%
1-4 years
53%
5-9 years
15%
10-19 years
11%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 71% dental benefits Dental: 52%
vision benefits Vision: 42% employee benefits None: 26%
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