Medical Billing and Coding Specialist Pay Scale



Medical billing/coding specialists typically add hospitals, clinics, and other medical facilities. They’re liable for handling billing information and associating bills with patients and dealing with physicians and other members of their facility. Some day-to-day responsibilities expected of medical billing/coding specialists include maintaining so far 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 within the facility and update patient information on the pc.

These individuals typically work full time in an office setting, and that they must be ready to work on a computer for an extended period. However, they’ll spend a while traveling their office to speak to patients and physicians.

The minimum educational requirement for this position is usually a high school diploma or equivalent. Up to 2 years of relevant experience could also be necessary for counting on the employer. Billing coding specialists must know medical terminology and therefore the ability to type quickly. They need to also concentrate on detail, have good communication skills, and be ready to understand and follow directions.

Certification isn’t a requirement, but professional medical billers will find that certification results in more job opportunities, better pay, and more chances for significant career advancement. When you earn your Undergraduate Certificate in medical billing and coding, you’ll sit for the Certified Coding Associate Exam with AHIMA or the Certified Professional Coder exam with AACP. There are various Online Medical Billing certification programs you could take.

Once you’ve passed your exam, you’ll get to maintain your certification. To try to do this, the AMBA requires you to finish 15 credits of continuing education annually, additionally to maintaining your annual membership.

Yet medical billing and coding are often challenging, they’re correlated to pay that’s above average. Skills that pay but market rate include Electronic Medical Records (EMR) and Medicaid & Medicare Billing.

An entry-level Medical Billing/Coding Specialist with but 1-year experience can expect to earn a mean total compensation (includes tips, bonus, and overtime pay) of $14.88 supported 121 salaries. An early career Medical Billing/Coding Specialist with 1-4 years of experience earns a mean total compensation of $15.32 supported 448 salaries. A mid-career Medical Billing/Coding Specialist with 5-9 years of experience earns a mean total compensation of $16.65 supported 198 salaries. An experienced Medical Billing/Coding Specialist with 10-19 years of experience earns a mean total compensation of $17.94 supported 235 salaries. In their late-career (20 years and higher), employees earn a mean total compensation of $19. In 2018, billing and coding professionals earned a median salary of $40,350, significantly higher than the median pay for all other occupations. The Bureau of Labor Statistics (BLS) projects that employment for all medical records and health information technicians will increase by 11% from 2018 to 2028, nearly double the projected rate of growth for the rest of the economy.

Some Online Medical Billing certification programs will assist you to master the way to accurately record, register, submit, and track patient information. You’ll earn your Medical Billing and Coding Certificate with few courses. You’ll study medical terminology, classifying data, health services, and knowledge systems, alongside other topics relevant to the sector. Plus, you may have the opportunity to work from home in the future or even start your own business.