Medical Coding Specialist Salary
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.
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Popular Skills for Medical Coding Specialist
Medical Coding Specialists note just a narrow range 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 8 percent and 15 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.
Salaries of relatively inexperienced workers fall in the neighborhood of $35K, but folks who have racked up five to 10 years see a notably higher median of $42K. After working for 10 to 20 years, Medical Coding Specialists make a median salary of $42K. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $39K by contrast.
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