Certified Medical Billing/Coding Specialist Salary

Women comprise the majority of Certified Medical Billing Specialists in the United States. Individuals in this line of work make around $14.60 per hour on average. Cash earnings for Certified Medical Billing Specialists — including $2K in bonuses and $5K in profit sharing proceeds near the top of the pay scale — generally stretch from $21K to $44K depending on individual performance. Career length and the particular city each impact pay for this group, with the former having the largest influence. Although a fair number have medical coverage and half have dental coverage, close to one-fourth claim no health benefits at all. The majority of Certified Medical Billing Specialists claim high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
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$23,958 - $51,192

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$10.14 - $19.33

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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
$23,958 - $51,192  
   
Bonus
$0.00 - $1,944  
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).
)
$21,432 - $44,083  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 414
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
$10.14 - $19.33  
   
Overtime
$3.21 - $30.31  
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 - $1,944  
   
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).
)
$21,432 - $44,083  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,343
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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 do not often transition into Medical Billing Manager roles. The role averages $41K per year. Certified Professional Coders or Medical Coders are common next-step roles for Certified Medical Billing Specialists moving up in their careers; annual pay for Certified Professional Coders is $4K higher on average, and it's $3K higher for Medical Coders.

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 wide range of professional skills. 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. The majority of those who know 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.


More years of relevant experience do not necessarily translate to higher paychecks. Relatively untried employees who have less than five years' experience make $30K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $34K. Certified Medical Billing Specialists bring in $37K after working for 10 to 20 years. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $41K.

Pay Difference by Location


For those looking to make money, Certified Medical Billing Specialists in Los Angeles enjoy an exceptional pay rate, 10 percent above the national average. Certified Medical Billing Specialists will also find cushy salaries in Phoenix (+7 percent), Dallas (+5 percent), New York (+4 percent), and Orlando (+2 percent). Jacksonville is the lowest-paying area, 8 percent south of the national average. Employers in Austin and Houston also lean toward paying below-median salaries (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 186 votes.

Gender

Female
95 %
Male
5 %

Years of Experience

Less than 1 year
16%
1-4 years
52%
5-9 years
15%
10-19 years
11%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 71% dental benefits Dental: 51%
vision benefits Vision: 43% employee benefits None: 26%
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