Medicaid Medical Billing Specialist Salary
The larger portion of Medicaid Medical Billing Specialists in the United States are women. Median pay in this female-dominated area goes for around $17.15 per hour. Most workers in this position report high levels of job satisfaction. Some workers in this field — nearly one in five — are not awarded benefits. Medical coverage is reported by a fair number and dental plans are enjoyed by a majority. This report is based on answers to PayScale's salary questionnaire.
|Salary||$18,919 - $60,820|
|Total Pay (||$25,676 - $52,868|
|Hourly Rate||$12.84 - $21.19|
|Overtime||$20.17 - $32.23|
|Total Pay (||$25,676 - $52,868|
Job Description for Medicaid Medical Billing Specialist
Medicaid medical billing specialists work primarily for doctors’ offices, hospitals, and medical clinics and are responsible for Medicaid medical insurance billing and follow-ups. Candidates for this position must be familiar with ICD-10 codes (diagnosis codes) and CPT codes (billing codes), and many employers also require thorough knowledge of Medicaid regulations, proficiency in accounts receivable systems and applications such as Med-Assist and Paragon, and competency in Microsoft Office programs.Read More...
While some employers train new Medicaid medical billing specialists to use the company's computer system, candidates are expected to have basic computer skills and understanding of accounts receivable applications, as these specialists must be able to assist patients with health care insurance questions and concerns both in-person and over the phone.
Candidates must be familiar with standard concepts, procedures, and practices relevant to Medicaid insurance claims, and a high school diploma or equivalent is often a minimum requirement for this position, while certification from a vocational school is also helpful. Applicants are expected to have good communication and research skills, and they must always comply with Medicaid billing policies, regulations, and procedures. Some may also assist with other administrative tasks and take training classes regularly to stay up-to-date with Medicaid billing procedures and policies and train new or younger billing specialists.
Medicaid Medical Billing Specialist Tasks
- Verify accuracy of billing data and revise any errors.
- Review and retain medical records in order to compute fees and charges due.
- Prepare bills or invoices, and record amount due for medical procedures and services.
- Contact patients in order to obtain or relay account information.
Pay by Experience Level for Medicaid Medical Billing Specialist
Pay by Experience for a Medicaid Medical Billing Specialist has a positive trend. An entry-level Medicaid Medical Billing Specialist with less than 5 years of experience can expect to earn an average total compensation of $34,000 based on 38 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Medicaid Medical Billing Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $36,000 based on 29 salaries. An experienced Medicaid Medical Billing Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $37,000 based on 25 salaries. A Medicaid Medical Billing Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $40,000 based on 9 salaries.
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Key Stats for Medicaid Medical Billing Specialist
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