Certified Medical Billing/Coding Specialist Salary

Commissions form a big slice (roughly two in five) of total compensation for Certified Medical Billing Specialists. The median income in this area hovers around $31K. In the world of Certified Medical Billing Specialists, overall income ranges from $22K near the bottom to $45K at the top; this can include more than $2K from bonuses and more than $5K from profit sharing in exceptional cases. Career duration is the biggest factor affecting pay for this group, followed by geography. Although approximately one in four lack health benefits of any kind, a strong majority do enjoy medical insurance, and just over a half get dental coverage, too. Work is enjoyable for Certified Medical Billing Specialists, who typically claim high levels of job satisfaction. The data in this summary comes from the PayScale salary survey.
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$24,167 - $51,730
(Median)
$24K
$35K
$52K
MEDIAN: $35,374
10%
50%
90%

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$10.19 - $19.70
(Median)
$10
$15
$20
MEDIAN: $14.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$18K$36K$54K
Salary
$24,167 - $51,730  
   
Bonus
$0.00 - $1,961  
Profit Sharing
$255.32 - $5,034  
Commission
$12,500  
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).
)
$21,592 - $44,805  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 509
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$11$22$33
Hourly Rate
$10.19 - $19.70  
   
Hourly Tips
$0.00  
Overtime
$7.21 - $30.64  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Bonus
$0.00 - $1,961  
   
Commission
$12,500  
Profit Sharing
$255.32 - $5,034  
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).
)
$21,592 - $44,805  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,583
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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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Certified Medical Billing Specialists who advance into the role of a Medical Billing Manager are fairly uncommon. Medical Billing Managers on average earn $41K per year. Career advancement for the typical Certified Medical Billing Specialist often leads to becoming a Certified Professional Coder or a Medical Coder; median salaries in these positions are $5K 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 imply that Certified Medical Billing Specialists put a diverse skill set 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. At the other end of the pay range are skills like Claim Handling. It is often found that people who know Insurance are also skilled in 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 a lot of experience do not necessarily enjoy more money. Salaries of relatively inexperienced workers fall in the neighborhood of $30K, but folks who have racked up five to 10 years see a notably higher median of $34K. Certified Medical Billing Specialists see a median salary of $38K after reaching one to two decades on the job. More than 20 years of experience mean a somewhat bigger median paycheck of $41K, but it's not much more than what less experienced people make.

Pay Difference by Location

National Average: $31,402

Larger city markers indicate a job is popular in that location.

Certified Medical Billing Specialists will find that Phoenix offers an impressive pay rate, one which exceeds the national average by 7 percent. Certified Medical Billing Specialists can also look forward to large paychecks in cities like Dallas (+5 percent), Tampa (+4 percent), Los Angeles (+3 percent), and Atlanta (+3 percent). Austin ranks last in the field for pay, reporting salaries 8 percent below the national average. A couple other locations with smaller-than-average paychecks include Jacksonville and Houston (5 percent lower).

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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 6%

Accounts Receivable
up arrow 3%

Medical Coding
up arrow 2%

Medicaid & Medicare Billing
up arrow 1%

Insurance
up arrow 1%

Billing
0%

Electronic Medical Records (EMR)
0%

National Average
$31,000

Claim Handling
up arrow 11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 192 votes.

Gender

Female
94 %
Male
6 %

Years of Experience

Less than 1 year
16%
1-4 years
53%
5-9 years
15%
10-19 years
12%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 72%
dental benefits
Dental: 52%
medical benefits
Vision: 45%
dental benefits
None: 25%
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