Certified Medical Billing/Coding Specialist Salary

Women comprise the majority of Certified Medical Billing Specialists in the United States. Individuals in this line of work make around $15.46 per hour on average. Geographic location is the biggest factor affecting pay for this group, followed by tenure. Health benefits are not claimed by all — one-fourth lack any form of coverage — but a strong majority have medical insurance, and a majority have dental, too. Most Certified Medical Billing Specialists like their work and job satisfaction is high. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$26,901 - $60,126
$27K
$40K
$60K
MEDIAN: $39,938
10%
50%
90%

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$11.63 - $21.82
$12
$16
$22
MEDIAN: $15.69
10%
50%
90%

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$0$60K
Salary $26,901 - $60,126
Bonus $184 - $5,135
Profit Sharing $3,850
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).
)
$24,562 - $50,508
  • Country: United States
  • Currency: USD
  • Updated: 18 Nov 2017
  • Individuals Reporting: 281
Hourly Data $0$31
Hourly Rate $11.63 - $21.82
Overtime $13.96 - $31.73
Annual Data $0$50K
Bonus $184 - $5,135
Profit Sharing $3,850
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).
)
$24,562 - $50,508
  • Country: United States
  • Currency: USD
  • Updated: 18 Nov 2017
  • Individuals Reporting: 1,071

Job Description for Certified Medical Billing/Coding Specialist

A certified medical billing/coder specialist is a skilled medical worker who functions in an office-based setting to interpret official medical records into codes which can be submitted to insurance companies for payment. The certified medical billing/coder specialist must be skilled in understanding medical terminology and searching the medical provider's documentation to identify all diagnoses, conditions, reasons for treatment, services and procedures recorded, and to assign the appropriate billing code to each. The codes determine the amount that the physician is paid for his or her services. The codes are contained in the medical records coder "bibles," the ICD-9 and CPT-4 books. Working as a certified medical billing/coder specialist requires a strong background not only in medical terminology, but also in anatomy and physiology, pharmacology, computer and typing skills, billing, and accounting. Certified medical billing/coder specialist students also complete a hands-on practicum prior to graduating. Certified medical billing/coder specialist programs are offered as diploma or degree programs. Upon graduation, the coder must take and pass a national certification exam. Certified medical billing/coder specialists work in a variety of settings, including hospitals, outpatient and inpatient clinics, surgical centers, and dental offices. Any place that provides medical services requires the services of a certified medical billing/coder specialist. Certified medical billing/coder specialists work in conjunction with physicians and other medical providers and, in addition to coding services, provide education to providers regarding medical record requirements and conduct chart reviews for completeness. Certified medical billing/coder specialists have the ability to make their own schedule, and with telecommuting can even work at home. (Copyright 2017 PayScale.com)


Certified Medical Billing/Coding Specialist Tasks

  • Record and process patient data including treatment records, insurance information, bills, and payments.
  • Set-up payment plans for patients.
  • Organize and verify patient records, bills, and statements.
  • Code patients' diagnoses and requests payment from insurance companies or individuals.

Common Career Paths for Certified Medical Billing/Coding Specialist


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It's not very common for Certified Medical Billing Specialists to move on to become Medical Coding Auditors. Average pay for a Medical Coding Auditor is $51K annually. Certified Medical Billing Specialists moving up in their careers tend to step into positions as Certified Professional Coders or Medical Coders. The median paychecks in those roles are $3K higher and $2K higher, respectively.

Certified Medical Billing/Coding Specialist Job Listings

Popular Skills for Certified Medical Billing/Coding Specialist


Survey results suggest that Certified Medical Billing Specialists put a wide range of professional skills to use. Most notably, skills in Current Procedural Terminology Coding, International Statistical Classifications of Diseases - 9 Coding, International Statistical Classifications of Diseases - 10 Coding, and Accounts Receivable are correlated to pay that is above average. Skills that seem to negatively impact pay include Claim Handling, Medicaid & Medicare Billing, and Insurance. Most people skilled in Billing are similarly competent in Insurance and Medicaid & Medicare Billing. People who know Medical Coding usually also know Medicaid & Medicare Billing and Insurance.

Pay by Experience Level for Certified Medical Billing/Coding Specialist

Pay by Experience for a Certified Medical Billing/Coding Specialist has a positive trend. An entry-level Certified Medical Billing/Coding Specialist with less than 5 years of experience can expect to earn an average total compensation of $31,000 based on 1,161 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Certified Medical Billing/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 $37,000 based on 295 salaries. An experienced Certified Medical Billing/Coding Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $40,000 based on 222 salaries. A Certified Medical Billing/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 83 salaries.

Pay Difference by Location

10%

5%

1%

-1%

-1%

-5%

-8%

-12%

National Average: $34,369

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

Minneapolis is home to an above-average pay rate for Certified Medical Billing Specialists, 33 percent higher than the national average. Certified Medical Billing Specialists can also look forward to large paychecks in cities like Jacksonville (+29 percent), New York (+12 percent), Chicago (+7 percent), and Charlotte (+5 percent). Those in the field find the lowest salaries in St. Louis, 12 percent below the national average. Employers pay around 11 percent less in Houston and 9 percent less in Tucson, below-median salaries for those in this field.

Certified Medical Billing/Coding Specialist Reviews

Q: What is it like working as a Certified Medical Billing/Coding Specialist?

Certified Medical Billing/Coding Specialist in Riverside:
"Stress level."
Pros: I love everyone I work with.
Cons:

Related Job Salaries

Key Stats for Certified Medical Billing/Coding Specialist

Gender

Female
94 %
Male
6 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 155 votes.
Less than 1 year
15%
1-4 years
49%
5-9 years
15%
10-19 years
14%
20 years or more
7%

Experience Affects Certified Medical Billing/Coding Specialist Salaries

▲21%

▲17%

▲6%

National Average
$34,000

▼9%

Skills That Affect Certified Medical Billing/Coding Specialist Salaries

Current Procedural Terminology (CPT) Coding
▲6%

International Statistical Classifications of Diseases - 9 (ICD - 9) Coding
▲2%


National Average
$34,000



Billing
▼6%

Medicaid & Medicare Billing
▼6%

Electronic Medical Records (EMR)
▼6%

Insurance
▼6%

Claim Handling
▼16%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 155 votes.

Gender

Female
94 %
Male
6 %

Years of Experience

Less than 1 year
15%
1-4 years
49%
5-9 years
15%
10-19 years
14%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 71%
dental benefits
Dental: 56%
vision benefits
Vision: 51%
no benefits
None: 27%