Medical Billing/Coding Specialist Salary
|Salary||$24,880 - $52,480|
|Bonus||$169.68 - $3,091|
|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).)
|$24,216 - $44,583|
|Hourly Rate||$11.49 - $20.01|
|Overtime||$14.39 - $30.11|
|Bonus||$169.68 - $3,091|
|Total Pay (||$24,216 - $44,583|
Job Description for Medical Billing/Coding Specialist
Medical billing/coding specialists typically works in hospitals, clinics, and other medical facilities. They are responsible for handling billing information and associating bills with patients, and working with physicians and other members of their facility. Some day-to-day responsibilities expected of medical billing/coding specialists include keeping up to date with codes and regulatory standards of the medical industry, assisting with audits, and entering and verifying demographics of patients into the system. They also review and verify codes of diagnosis and procedures that are performed in the facility and update patient information on the computer.Read More...
These individuals typically work full time in an office setting, and they must be able to work at a computer for an extended period of time. However, they may spend some time moving around their office to talk to patients and physicians.
The minimum educational requirement for this position is typically a high school diploma or equivalent. Up to two years of relevant experience may be necessary depending on the employer. A Certified Professional Coder (CPC) certification is also needed. Billing coding specialist must have knowledge of medical terminology and the ability to type quickly. They must also pay attention to detail, have good communication skills, and be able to understand and follow directions.
Medical Billing/Coding Specialist Tasks
- Record and process patient data including treatment records, insurance information, bills, and payments.
- Set-up payment plans for patients.
- Organize and verify patient records, bills, and statements.
- Code patients' diagnoses and requests payment from insurance companies or individuals.
Common Career Paths for Medical Billing/Coding Specialist
For Medical Billing & Coding Specialists, progressing to a Medical Billing Manager role may result in a significant raise. On average, a Medical Billing Manager can earn $42K annually. It is not uncommon for a Medical Billing & Coding Specialist to continue on to become a Certified Professional Coder or a Certified Medical Billing Specialist.
Popular Skills for Medical Billing/Coding Specialist
Medical Billing & Coding Specialists generally report applying a varied skill set to their work. Most notably, skills in Accounts Receivable, bill collections, Collections, and Medicaid & Medicare Billing are correlated to pay that is above average. Those educated in Billing tend to be well versed in Insurance and Medicaid & Medicare Billing.
Pay by Experience Level for Medical Billing/Coding Specialist
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience does not seem to be a strong driver of pay increase in this role. Those in the early stages of their career can expect to make around $31K; however, individuals with five to 10 years of experience bring in $35K on average — a distinctly larger sum. Medical Billing & Coding Specialists with one to two decades of relevant experience report an average salary of approximately $37K. Medical Billing & Coding Specialists with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $38K.
Pay Difference by Location
Home to some of the best pay for Medical Billing & Coding Specialists, Atlanta offers exceptional salaries, 36 percent above the national average. Medical Billing & Coding Specialists will also find cushy salaries in New York (+28 percent), Los Angeles (+27 percent), Portland (+20 percent), and Dallas (+17 percent). Place of residence plays a huge part in a Medical Billing & Coding Specialist's salary, with Orlando Medical Billing & Coding Specialists earning salaries that are 22 percent less than the national average. Workers in Oklahoma City and San Antonio earn salaries that trail the national average for those in this profession (13 percent less and 9 percent less, respectively).
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Key Stats for Medical Billing/Coding Specialist
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