Medical Billing/Coding Specialist Salary

Most Medical Billing & Coding Specialists in the United States are women. The median pay for people in this role is approximately $15.17 per hour. Geography and years of experience each impact pay for this group, with the former having the largest influence. Unfortunately, some people in this line of work are without benefits — about one in three lack coverage. On the flip side, the greater part have medical insurance and half receive dental plans. For the most part, Medical Billing & Coding Specialists enjoy their work and report high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.
Read More
$26,024 - $51,892
$26K
$39K
$52K
MEDIAN: $38,895
10%
50%
90%

Add this chart to your site: 640px    300px

$11.68 - $20.36
$12
$15
$20
MEDIAN: $15.33
10%
50%
90%

Add this chart to your site: 640px    300px

$0$51K
Salary $26,024 - $51,892
Bonus $194.89 - $3,041
Profit Sharing $1,526
Commission $2,675
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).
)
$24,570 - $45,205
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2017
  • Individuals Reporting: 124
Hourly Data $0$32
Hourly Rate $11.68 - $20.36
Overtime $13.70 - $32.19
Annual Data $0$45K
Bonus $194.89 - $3,041
Commission $2,675
Profit Sharing $1,526
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).
)
$24,570 - $45,205
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2017
  • Individuals Reporting: 638

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.

Read More...

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 Medical Billing/Coding Specialist


Add this chart to your site:   640px 640px    300px 300px


Medical Billing & Coding Specialists' salaries may rise greatly for those who assume a higher-end position such as a Medical Billing Manager. The average Medical Billing Manager brings home $42K per year. A Medical Billing & Coding Specialist often moves on to become a Certified Professional Coder or a Certified Medical Billing Specialist.

Medical Billing/Coding Specialist Job Listings

Popular Skills for Medical Billing/Coding Specialist


Survey results suggest that Medical Billing & Coding Specialists use a fairly large toolkit of professional skills. Most notably, skills in Accounts Receivable, bill collections, Collections, and Medicaid & Medicare Billing are correlated to pay that is above average. Those proficient in Billing are, more often than not, also skilled in Insurance and Medicaid & Medicare Billing.

Pay by Experience Level for Medical Billing/Coding Specialist

Pay by Experience for a Medical Billing/Coding Specialist has a positive trend. An entry-level Medical Billing/Coding Specialist with less than 5 years of experience can expect to earn an average total compensation of $31,000 based on 469 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A 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 $35,000 based on 174 salaries. An experienced Medical Billing/Coding Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $37,000 based on 156 salaries. A 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 $38,000 based on 42 salaries.

Pay Difference by Location

National Average: $32,669

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

Atlanta is home to an above-average pay rate for Medical Billing & Coding Specialists, 35 percent higher than the national average. Medical Billing & Coding Specialists will also find cushy salaries in New York (+27 percent), Los Angeles (+26 percent), Portland (+19 percent), and Dallas (+16 percent). Medical Billing & Coding Specialists in Orlando earn salaries far below the national average by 22 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Below-median salaries also turn up in Oklahoma City and San Antonio (13 percent lower and 10 percent lower, respectively).

Medical Billing/Coding Specialist Reviews

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

Medical Billing/Coding Specialist in Lubbock:
"Work enrichment."
Pros: Teamwork, flexibility, management, hours, benefits, 401k.
Cons: New experience, learning the ropes.

Medical Billing/Coding Specialist in Elizabethton:
"Work flexability."
Pros: I love working with people, and making a difference in peoples lives.
Cons: I would have to say the commute to work.

Related Job Salaries

Key Stats for Medical Billing/Coding Specialist

Gender

Female
96 %
Male
4 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 115 votes.
Less than 1 year
11%
1-4 years
43%
5-9 years
16%
10-19 years
22%
20 years or more
7%

Experience Affects Medical Billing/Coding Specialist Salaries

▲17%

▲13%

▲6%

National Average
$33,000

▼6%

Skills That Affect Medical Billing/Coding Specialist Salaries

Accounts Receivable
▲12%


▲1%


National Average
$33,000

▼1%


Medical Coding
▼2%

Insurance
▼2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 115 votes.

Gender

Female
96 %
Male
4 %

Years of Experience

Less than 1 year
11%
1-4 years
43%
5-9 years
16%
10-19 years
22%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 63%
dental benefits
Dental: 49%
vision benefits
Vision: 42%
no benefits
None: 34%