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Medical Billing/Coding Specialist Salary

Most Medical Billing & Coding Specialists in the United States are women. The workforce as a whole earns a median of approximately $14.45 per hour. Geographic location is the biggest factor affecting pay for this group, followed by tenure. Health benefits are not enjoyed by everyone in this line of work, and about a third lack any coverage at all. Medical benefits are reported by more than half and dental coverage is claimed by just over two-fifths. Job satisfaction is reported as high by the vast majority of workers. Participants in PayScale's salary questionnaire provided the particulars of this report.
$23,470 - $50,097
(Median)
23K
29K
35K
41K
50K
MEDIAN: $35,035
10%
25%
50%
75%
90%

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$10.19 - $19.09
(Median)
10
12
14
17
19
MEDIAN: $14.00
10%
25%
50%
75%
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$17K$34K$51K
Salary
$23,470 - $50,097  
   
Bonus
$0.00 - $1,466  
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).
)
$21,465 - $42,601  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 168
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$10$20$30
Hourly Rate
$10.19 - $19.09  
   
Hourly Tips
$0.00 - $-0.49  
Overtime
$8.73 - $28.02  
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$20K$40K$60K
Bonus
$0.00 - $1,466  
   
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).
)
$21,465 - $42,601  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 786
United States (change)

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.

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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 Medical Billing/Coding Specialist


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Medical Billing & Coding Specialists who go on to become Medical Billing Managers may see their salaries climb quite a bit. Median pay for Medical Billing Managers is $41K annually. A Medical Billing & Coding Specialist may also move into a role as a Certified Professional Coder or a Certified Medical Billing Specialist.

Medical Billing/Coding Specialist Job Listings

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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 Electronic Medical Records, Insurance, Collections, and Medical Coding are correlated to pay that is above average, with boosts in pay of 4 percent. The majority of those who know Billing also know Medical Coding 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.


Medical Billing & Coding Specialists with a lot of experience do not necessarily enjoy more money. Respondents with less than five years' experience take home $29K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $32K. People with 10 to 20 years of experience make an average of about $35K in this role. 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 $36K on average.

Pay Difference by Location


Medical Billing & Coding Specialists will find that Chicago offers an impressive pay rate, one which exceeds the national average by 13 percent. Medical Billing & Coding Specialists will also find cushy salaries in Atlanta (+3 percent). With compensation 13 percent below the national average, Houston is not known for hefty paychecks and actually represents the lowest-paying market. Below-median salaries also turn up in Oklahoma City and Orlando (10 percent lower and 7 percent lower, respectively).

Related Job Salaries

Experience Affects Medical Billing/Coding Specialist Salaries




National Average
$31,000


Skills That Affect Medical Billing/Coding Specialist Salaries

Insurance
up arrow 4%

Electronic Medical Records (EMR)
up arrow 4%

Medical Coding
up arrow 3%

Collections
up arrow 3%

Billing
up arrow 2%

Medicaid & Medicare Billing
up arrow 2%

National Average
$31,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 146 votes.

Gender

Female
96 %
Male
4 %

Years of Experience

Less than 1 year
9%
1-4 years
44%
5-9 years
20%
10-19 years
18%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 62% dental benefits Dental: 43%
vision benefits Vision: 33% employee benefits None: 32%