Medical Coding Specialist Salary
|Salary||$24,511 - $61,651|
|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).)
|$27,500 - $54,171|
|Hourly Rate||$13.42 - $24.10|
|Overtime||$21.12 - $44.15|
|Bonus||$251.68 - $4,966|
|Total Pay (||$27,500 - $54,171|
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 results show that Medical Coding Specialists use a fair number of 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 8 percent and 14 percent. Medical Coding is a skill commonly found among those who know Current Procedural Terminology Coding.
Pay by Experience Level for Medical Coding Specialist
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Those in the early stages of their career can expect to make around $35K; however, individuals with five to 10 years of experience bring in $42K on average — a distinctly larger sum. For Medical Coding Specialists, 10 to 20 years of experience on the job amounts to an average salary of $42K. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $41K.
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Rated 5 out of 5
based on 18 votes.