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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 $14.56 per hour. Geography is the biggest factor affecting pay for this group, followed by career duration. Job satisfaction is high and work is enjoyable for most Medical Billing & Coding Specialists. Approximately one-third of professionals in this line of work do not receive benefits; however, the greater part report medical coverage and just over two-fifths claim dental coverage as well. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$23,682 - $50,377
(Median)
$24K
$35K
$50K
MEDIAN: $35,169
10%
50%
90%

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$10.18 - $19.52
(Median)
$10
$15
$20
MEDIAN: $14.00
10%
50%
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
$23,682 - $50,377  
   
Bonus
$0.00 - $1,497  
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).
)
$21,487 - $43,254  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 181
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
$10.18 - $19.52  
   
Hourly Tips
$0.00 - $0.00  
Overtime
$8.25 - $28.50  
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 - $1,497  
   
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).
)
$21,487 - $43,254  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 810
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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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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 $41K annually. A Certified Professional Coder or a Certified Medical Billing Specialist is a typical transition from a Medical Billing & Coding Specialist role.

Medical Billing/Coding Specialist Job Listings

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Popular Skills for Medical Billing/Coding Specialist


Survey results suggest that Medical Billing & Coding Specialists put a wide range of professional skills to use. Most notably, skills in Electronic Medical Records, Medical Coding, Insurance, and Collections are correlated to pay that is above average. Those proficient in Billing are, more often than not, also skilled 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.


Medical Billing & Coding Specialists with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Salaries of relatively inexperienced workers fall in the neighborhood of $29K, but folks who have racked up five to 10 years see a notably higher median of $33K. Medical Billing & Coding Specialists bring in $35K after working for 10 to 20 years. More than 20 years of experience mean a somewhat bigger median paycheck of $36K, but it's not much more than what less experienced people make.

Pay Difference by Location


Surpassing the national average by 24 percent, Medical Billing & Coding Specialists in New York receive some of the highest pay in the country. Medical Billing & Coding Specialists can also look forward to large paychecks in cities like Cleveland (+13 percent), Chicago (+12 percent), Austin (+5 percent), and Atlanta (+3 percent). Those in the field find the lowest salaries in Oklahoma City, 10 percent below the national average. Two other places where employers offer below-median salaries are Orlando (10 percent less) and Houston (7 percent less).

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Experience Affects Medical Billing/Coding Specialist Salaries




National Average
$31,000


Skills That Affect Medical Billing/Coding Specialist Salaries

Electronic Medical Records (EMR)
up arrow 4%

Medical Coding
up arrow 3%

Insurance
up arrow 3%

Billing
up arrow 2%

Collections
up arrow 2%

Medicaid & Medicare Billing
up arrow 1%

National Average
$31,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 147 votes.

Gender

Female
95 %
Male
5 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 63% dental benefits Dental: 44%
vision benefits Vision: 34% employee benefits None: 32%
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