Medical Billing/Coding Specialist Salary

Women make up the vast majority of Medical Billing & Coding Specialists in the United States. The average pay in this industry is approximately $14.81 per hour. Residence and experience level each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. Health benefits are not claimed by all — about a third lack any form of coverage — but more than half have medical insurance, and more than two-fifths have dental, too. This snapshot results from replies to PayScale's salary survey.
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$24,092 - $50,493
(Median)
$24K
$36K
$50K
MEDIAN: $35,552
10%
50%
90%

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$10.29 - $19.95
(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$17K$34K$51K
Salary
$24,092 - $50,493  
   
Bonus
$0.00 - $1,490  
Profit Sharing
$1,171  
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).
)
$21,962 - $43,557  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 208
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$10$20$30
Hourly Rate
$10.29 - $19.95  
   
Hourly Tips
$0.00  
Overtime
$10.50 - $27.61  
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$20K$40K$60K
Bonus
$0.00 - $1,490  
   
Profit Sharing
$1,171  
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).
)
$21,962 - $43,557  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 905
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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 may experience a large salary bump if they progress into a role such as Medical Billing Manager. The latter position pays an average of $41K 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.

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, Collections, Insurance, and Medical Coding are correlated to pay that is above average. Those educated in Billing tend to be well versed in 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.


For Medical Billing & Coding Specialists, experience does not seem to be a major factor in determining pay. The average worker who claims fewer than five years of experience earns around $30K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $34K. After working for 10 to 20 years, Medical Billing & Coding Specialists make a median salary of $36K. Medical Billing & Coding Specialists who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $37K.

Pay Difference by Location

National Average: $31,638

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

New York is home to an above-average pay rate for Medical Billing & Coding Specialists, 28 percent higher than the national average. Medical Billing & Coding Specialists will also find cushy salaries in Portland (+21 percent), Chicago (+11 percent), Los Angeles (+10 percent), and Dallas (+9 percent). With compensation 12 percent below the national average, Birmingham is not known for hefty paychecks and actually represents the lowest-paying market. Below-median salaries also turn up in Oklahoma City and Orlando (12 percent lower).

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Experience Affects Medical Billing/Coding Specialist Salaries




National Average
$32,000


Skills That Affect Medical Billing/Coding Specialist Salaries


Collections
up arrow 4%

Insurance
up arrow 3%

Medical Coding
up arrow 2%

Billing
up arrow 1%

Medicaid & Medicare Billing
up arrow 1%

National Average
$32,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 158 votes.

Gender

Female
96 %
Male
4 %

Years of Experience

Less than 1 year
11%
1-4 years
44%
5-9 years
19%
10-19 years
19%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 62%
dental benefits
Dental: 45%
medical benefits
Vision: 35%
dental benefits
None: 32%
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