Medical Coding Specialist Salary
|Salary||$27,716 - $64,111|
|Bonus||$251.68 - $4,966|
|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).)
|$28,242 - $55,421|
|Hourly Rate||$13.61 - $24.01|
|Overtime||$21.20 - $44.00|
|Bonus||$251.68 - $4,966|
|Total Pay (||$28,242 - $55,421|
Job Description for Medical Coding Specialist
A medical coding specialist is an integral part of any medical team, and is responsible for turning doctors' work and diagnoses into real money using a specialized set of codes representing procedures, diagnoses, and other aspects of medical care. Then, they submit what they have coded to either private insurance companies, or Medicare/Medicaid. The medical coding specialist's performance correlates directly with the compensation the doctor receives.Read More...
Prior experience with medical coding, including familiarity with the International Classification of Diseases (ICD) code, is often required for this position. These specialists are expected to stay up-to-date on the new ICD-10 and how it affects coding and should also be skilled in interpretation to translate a doctor's work into coding.
These specialists are employed primarily by: private doctors' offices, where they assist in caring for patients either part-time or full-time during regular business hours; and hospitals, in which they may code for all doctors employed in the hospital and hours and shifts may vary greatly.
Medical Coding Specialist Tasks
- Protect the security of medical records to ensure that confidentiality is maintained.
- Identify, compile and code patient data, using ICD-9-CM and CPT and other standard classification coding systems.
- Enter data, such as history and extent of disease, diagnostic procedures and treatment into computer database.
- Compile, abstract and maintain patient medical records to document condition and treatment.
- Review records for completeness, accuracy and compliance with regulations.
Popular Skills for Medical Coding Specialist
Survey takers who work as Medical Coding Specialists report a focused set of job skills. Most notably, skills in Medical Terminology, Current Procedural Terminology Coding, Billing, and Medical Coding are correlated to pay that is above average, with boosts between 6 percent and 12 percent. Many workers who know Current Procedural Terminology Coding also know Medical Coding.
Pay by Experience Level for Medical Coding Specialist
Pay by Experience for a Medical Coding Specialist has a positive trend. An entry-level Medical Coding Specialist with less than 5 years of experience can expect to earn an average total compensation of $35,000 based on 119 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Medical Coding Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $42,000 based on 41 salaries. An experienced Medical Coding Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $42,000 based on 30 salaries. A Medical Coding Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $42,000 based on 13 salaries.
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Rated 5 out of 5
based on 19 votes.