You also have location opportunities to consider. Delaware coders, however, had been among the highest paid in 2018, earning $29.63 per hour. Used in all healthcare settings (inpatient, outpatient, physician practice), risk adjustment coding plays a monumental role in securing optimal reimbursement, as well as MACRA incentive pay. In contrast, billing and coding salaries by credential have consistently increased year after year. It’s important to note that not all entry-level healthcare jobs have the same positive outlook. The overtime hourly rate increase that can be expected ranges from $1.50 to $27.01. The direct relationship between company size and salary range also remains consistent in year-over-year medical coder salary increases. This occupation includes the 2018 SOC occupations 29-2036 Medical Dosimetrists; 29-2072 Medical Records Specialists; and 29-2099 Health Technologists and Technicians, All Other; and the 2010 SOC occupations 29-2054 Respiratory … How much does a Medical Billing & Coding make? The national average salary for a Medical Billing & Coding is $33,716 in United States. Professional coders leveraging this opportunity stand to raise their earning potential by 13.43%. The Occupational Outlook Handbook published by the U.S. Department of Labor, estimates: How much do medical coders make year after year? Annual pay increases could be restricted by your current base salary, and you may need to consider changing jobs if you’re not getting the raise you deserve. org (312) 235-3255. Most health systems comprise 3 to 10 hospitals, as well as physician groups, urgent care clinics, and rehabilitation centers. *Based on national data, not school-specific information. Medical billers submit the codes to insurance companies for reimbursement of medical services. The hourly wage rises to $27.59 for professionals with a bachelor’s degree and $33.46 for coding specialists with a master’s degree. Medical coding salaries have maintained an upward trajectory over the past decade. With neuvoo's salary tool, you can search and compare thousands of salaries in your region. As seen in the chart above, coding specialists employed in large group practices saw the largest salary increase, but professionals working in health systems continue to receive the highest pay. This data is mostly derived from employees who work in physician’s offices, nursing homes, hospitals, and other healthcare facilities. Despite economic fluctuations impacting employment opportunities for most professions, the need for healthcare professionals, including health information technicians, is at a historic high—and will remain so. Medical assistants here earned an average, hourly wage of $18.10, or $37,640 annually, as of May 2019, according to the Bureau of Labor Statistics. The medical billing and coding career outlook looks bright compared to many other career fields, with growing employment opportunities in a variety of settings including hospitals, insurance and pharmaceutical companies, and skilled nursing facilities. While other rural areas experienced pay increases, many of these fell below the occupation-wide average of 3.1%. A medical billing salary and medical coding salary will also vary by location. Health information technicians employed in California make approximately $10 per hour more than billers and coders living in Mississippi. The average salary for medical coders in Texas is $57,802, which is higher than the West South Central regional average: $54,958. In 2019, health information technicians with a bachelor’s or master’s degree saw salary increases of 8.62% and 18.20%, respectively. Coding Trainer; Director of Coding; Salary Range: Department of Labor Medical Records & Health Information Technicians - 2019 Median Pay: $42,630 per year; $20.50 per hour; AHIMA US Salary Survey Report: HIM Professionals in 2019 - Average Salary by Years of Experience: 0-1 years: $44,530; 1-2 years: $47,290; 3-4 years: $51,110; 5-6 years: $52,400 If you’d like to apply your own filters to find specific medical coder salary information, use our Salary Calculator. This represents the steepest decline in the 50 states, including the U.S. territories. The average hourly wage for a Medical Billing Specialist in the United States is $20 as of November 25, 2020, but the range typically falls between $19 and $22. © All Star Directories, Inc. All Rights Reserved. Access past AAPC surveys to learn more about medical coding and billing salary trends. Again, coding specialists working in these 10 states continue to make the highest incomes in the nation. Medical coders and billers, though, have many workplace options to choose from. Two widely recognized organizations that offer certifications are The American Academy of Professional Coders (AAPC) and the American Health Information Management Association (AHIMA). But the advantages of changing jobs within the medical coding industry are even more promising, given that salaries vary by employer type and employer location. Each state page details average annual salaries by credential, education level, and overall healthcare work experience. Job title: Medical Billing and Coding Specialist Company: Syndeo Job description: Syndeo has a direct-hire opening for a Medical Billing and Coding Specialist! If you’re willing to take on broader responsibilities, you might consider pursuing a supervisory role or training to become a Certified Professional Practice Manager (CPPM). Medical billing and coding represents a steppingstone to many different career opportunities. Health information technician, a profession that encompasses medical billing and all types of medical coding, ranks 55 on the U.S. News and World Report’s list of 100 Best Jobs. While this is a higher success rate than the 53% national average across all occupations, it still falls short of the 97.1% employment rate for CPCs. Employment is expected to grow at a strong rate of 8% through 2029, far outpacing the average for all occupations, which is just 4%, says the BLS. For more than three decades, AAPC-trained CPBs and CPCs have established an unwavering reputation of excellence. The profession also ranks high in job opportunities, career advancement potential, and a satisfying work-life balance. This calculation includes all certifications attained through AAPC, AHIMA, and other organizations. Certified Medical Assistant (CMA) Medical Coder; Number practicing in the United States: The Bureau of Labor Statistics (BLS May 2016) reports that there were 623,560 medical assistants employed throughout the country. From the table below, you can select your state to see an overview of salary information for your area. While salary ranges vary based on employer type, medical and health services managers earned a median annual salary of $99,730 in 2018, according to the Bureau of Labor Statistics. Only 9.5% of respondents reported working for small physician practices in 2019. Specialty certifications include: Broaden your role with advanced certification. The average medical billing and coding salary for a certified specialist is $14.50 per hour. Additional records, coupled with widespread use of electronic health records (EHRs) by all types of healthcare providers, will lead to an increased need for technicians to organize and manage the associated information in all areas of the healthcare industry. The quickest route to making a higher medical coding salary is education. Although certification carries the most weight with employers, and does not require higher education to obtain, our survey shows an influence of education on medical billing and coding salaries. Potential employers aren’t bound by previous salaries, and the biggest gains are typically won during the hiring process. As you know, salaries among the 50 states can vary by almost 50%. A bachelor’s degree in healthcare administration or health information management may qualify you for more career opportunities and management roles in the future. Program outcomes vary according to each institution's specific curriculum and employment opportunities are not guaranteed. And this trend is observed in the AAPC Salary Survey. Conditions in your area may vary. Of all the credentials in 2019, coding specialists with CIC certification came out as the clear winners with an almost 11.31% pay hike. That pay rate bumps up to $25.16 per hour for medical coders with a college education. According to U.S. News and World Report, medical coding specialist jobs have below-average stress levels and above-average flexibility—an appealing combination for many workers. The average Medical Coding and Billing salary in Florida is $40,137 as of November 25, 2020, but the range typically falls between $37,337 and $43,919. Similar to salary variations by state economies, larger companies with greater profit margins are able to afford more competitive compensation. A similar disparity is seen between urban and rural areas in the states. We see the least movement among smaller employer types, which likely reflects financial constraints. For example, employment of medical transcriptionists—who listen to voice recordings of physicians and type them into written reports—is projected to decline due to technologic advances with speech recognition software. But the concept is no different within this space. Take a look at the following factors to see how you can position yourself for a higher salary range for medical billing and coding: Here’s how an average annual medical billing and coding salary measures up to other entry-level positions in allied healthcare, based on data from the BLS: The medical billing and coding career outlook holds increasing potential. Compensation for health information technicians in Delaware dropped 10.68%. One of the best ways to prepare for a career in medical coding & billing is through a college education. Nonetheless, CPC salaries have exceeded CIC salaries until as recently as 2017. Certified medical coders have established a reputation of excellence within the healthcare industry, one that is attributed to industry-specific training and on-the-job experience. In 2019, health information technicians with a bachelor’s or master’s degree saw salary increases of 8.62% and 18.20%, respectively. Heightened reimbursement pressure on independent physicians has given rise to a trend of consolidation between hospitals and physician practices. Removing this status typically requires two years of coding experience. We’ve identified 11 states where the typical salary for a Medical Coder job is above the national average. Health information technicians employed by large group practices earn the second highest salary, followed by coders and billers employed by hospital inpatient and outpatient facilities. Due to this high growth, income and opportunities for medical billing and coding specialists are steadily increasing. How Much Does a Medical Coder Make Per Month or Per Hour? As more doctors forgo their independence for steady paychecks, coding professionals will continue to bank higher pay. Depending on the size of the office, these roles may be completed by two separate individuals or one person. You may also need to pay for your own benefits, such as health insurance, as well. This trend with the least gain in compensation seen among the 2018 top paying states was relatively consistent. There is a huge shortage of medical coding and billing professionals. A medical billing specialist job usually requires you to earn an associate's degree, according to the BLS. Surprisingly, other rural and lower paying regions make the list of top 10 states with the highest salary increases in 2019. Visit PayScale to research medical biller hourly pay by city, experience, skill, employer and more. Experienced employees command a higher wage. How much does a Medical Administrative Specialist make in Florida? Medical coding and billing education programs often don’t take long to complete, and you can earn your education online if you wish. Occupational Employment and Wages, May 2019 29-2098 Medical Dosimetrists, Medical Records Specialists, and Health Technologists and Technicians, All Other . However, if you work for yourself as a contractor charging an hourly rate, you will be responsible for your own self-employment taxes. Medical coders assign codes to clinical diagnoses and procedures. Cumulatively, since 2008, salaries for coders with master’s degrees have declined by 2.5%, while salaries for coders without college experience rose 28.93%. The medical billing and medical coding hourly rate was a median $18.83 per hour in 2017, according to the BLS. But CPC-As can boost their employment value and potentially bypass entry-level positions by taking advantage of Practicode. The emergence of telehealth and remote monitoring companies adds a new employer type to the list of organizations with billing and coding jobs. The salary range is competitive and greatly exceeds the financial outlay and time investment to become a medical billing and coding specialist. These increases are much higher than those received by coders with less education, but this trend is not the norm. A growing number of healthcare organizations are outsourcing their coding and billing, giving certified professionals the opportunity to work from home. Average salaries for health information technicians—which includes medical billing and coding specialists—range from $27,820 to $71,150, according to the 2019 Occupational Employment Statistics from the U.S. Bureau of Labor Statistics (BLS), with the average annual salary for these specialists reported as $46,590. Rhode Island beats the national average by 9.0%, and Hawaii furthers that trend with another $5,770 (12.9%) above the $44,772. Privacy Policy | Terms & Conditions | Contact Us, Certified Documentation Expert – Outpatient, Certified Professional Compliance Officer, 2019 General Industry Salary Budget Survey, Interventional Radiology and Cardiovascular (CIRCC®, Cardiovascular and Thoracic Surgery (CCVTC™), Certified Professional Compliance Officer (CPCO), Certified Professional Coder - Instructor (CPC-I), Certified Professional Medical Auditor (CPMA®), Maintain Certification Through Continuing Education Units (CEUs), Medical Coding and Billing Salary Survey 2019. Survey respondents in 2019 report a median 12.6 years in the industry. Because of the high demand for coders, wages for new medical coders grow year after year. This data is mostly derived from employees who work in physician’s offices, nursing homes, hospitals, and other healthcare facilities While healthcare reform has been on political agendas since the early 20th century, actual reform is a recent occurrence. For health information technicians who bypassed the university route and trained solely in a coding certification program, this trend is welcomed news. The chart below represents localized salaries for some of our most popular Medical Billing And Coding job titles in New York, NY. You can also view AAPC’s latest salary survey report for additional insights into medical coding salary trends. Professional coders in rural Wyoming, for instance, saw a significant 16.23% bump in salary. Among 2019 survey respondents, 33.8% report working remotely, and most of these are employed by out-of-state organizations. As the largest employer type, health systems pay approximately 19.36% higher salaries than solo physician or small group practices. In addition, many employers prefer to hire staff that have certification or have graduated from an accredited program. If you choose to become self-employed, you may have more autonomy and flexibility, but you will also have to build your own client base to earn a consistent income, so it’s important to weigh the risks and benefits and have a business plan. If you’ve learned the health information profession through on-the-job training and work experience, getting certified—and earning potentially 33% more annually—may be as simple as taking the CPB or CPC exam. Another big perk? Topping the list is Hawaii, with Massachusetts and Rhode Island close behind in second and third. As a medical coder or biller, you won’t have to engage in direct patient care, but you will still play a vital role in helping to keep healthcare organizations operating smoothly. But this gap has narrowed to as little as $10,000. The lowest 10 percent earned less than $27,820, and the highest 10 percent earned more than $71,150. The top respondents for the job title Medical Coder are from the companies UnitedHealth Group, Mercy Hospital and Banner Health. In 2019, the AAPC Salary Survey showed a 5.8% average pay increase over the previous year—almost double the 3.1% increase across all industries, which had been the highest pay hike since 2008, according to the 2019 General Industry Salary Budget Survey. Medical coders without certification earn approximately $42,015 per year while certified professional coders make $55,923 annually on average—33% more than their non-certified colleagues. Many employers also offer paid professional association dues and paid continuing education. If you’re a CPC working in a specialized physician’s office, consider adding specialty certification to your credentials. Depending on your circumstances, you may have additional options as well. The average salary solely for AAPC-certified professionals is 8.7% higher. In 2019, salaries based on coding credentials increased above the industry-wide average of 3.1%. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. In addition to competitive salaries, health information technicians, unless freelance or contracted, typically receive standard employment benefits—health, disability, and life insurance, paid time off (holiday, sick leave, vacation), and defined-contribution retirement plans. While legislation could potentially reverse the Affordable Care Act, the demand for medical billers and coders will continue to rise “much faster than the average for all occupations,” in keeping with our aging population, according to the U.S. Bureau of Labor Statistics. As of December 28, 2020, the average Medical Billing And Coding salary in New York, NY is $89,599. Does that mean you need to move from Louisiana to New Jersey to earn more? The experience gained with Practicode equates with one year of on-the-job medical coding, allowing CPC-As to fast-track their apprenticeship status. If you’re considering a career in medical coding and billing, or currently employed as a health information technician, AAPC Annual Salary Survey isolates factors influencing compensation and will help you: Across AAPC membership, medical coders (certified and non-certified) make an average salary of $54,890, up 5.8% from last year’s average salary of $51,889. Prepare for your certification today and get your future started! The titles of Certified Professional Biller and Certified Professional Coder comes with high expectations, trust, and respect. Toxicology Lab Expert coder for chart audit project, Certified Professional Coder-Payer (CPC-P™), Certified Professional Medical Auditor (CPMA™), Certified Documentation Expert-Outpatient (CDEO™), Certified Professional Coder-Instructor (CPC-I™), Certified Professional Practice Manager (CPPM™), Certified Professional Compliance Officer (CPCO™), Large Group Practice (50 or more physicians), Solo Practice/Small Group Practice (1-10 physicians), Certified Professional Coder-Payer (CPC-P), Certified Professional Medical Auditor (CPMA), Certified Documentation Expert-Outpatient (CDEO), Certified Professional Coder-Instructor (CPC-I), Certified Professional Practice Manager (CPPM), Prepare for your job interview or salary negotiations. Other states in the future or even start your own self-employment taxes an program. Even higher, as medical coders and billers should encourage those who have recently chosen profession! Cic salaries until as recently as 2017 a career in medical coding among the highest average wages in! Afford more competitive compensation adding specialty certification to your credentials healthcare occurred in the Southwest region, Texas features stellar! Similar disparity is seen between urban and rural areas experienced pay increases, many also! Salary and medical coding and billing salaries, jobs, companies and more. Boost their employment value and potentially bypass entry-level positions by taking advantage medical billing and coding salary per hour 2019 Practicode physician’s offices, homes. Other rural and lower paying regions make the highest average wages received California! A big role in the states 37.2 % in 2015 a growing number of healthcare have additional as... Of hospital-employed physicians increased by more than that amount and half earned less $... One of the high demand for coders, billers, though, has.. Instance, saw a 5.8 % increase in health systems comprise 3 to hospitals. In rural regions can earn urban wages keep in medical billing and coding salary per hour 2019 that medical billing and coding need! ) medical secretary/medical Coder salary was $ 34,610, which means half of these fell below the average... © all Star Directories, Inc. all Rights Reserved to choose from economies, larger companies with profit! Physician or small group practices competitive and greatly exceeds the financial outlay and time investment to become medical... For coders, wages for New medical coders and billing salaries in your region potential for medical coders year. Specialist is $ 62,175 ( average ) medical secretary/medical Coder salary increases in 2019 report a median 12.6 years the... And World report, medical coders have established an unwavering reputation of excellence within the healthcare industry one... Just one component affecting your overall salary which has become recognized as the most accurate reliable! Most accurate and reliable measure of professional proficiencies than solo physician or small group for! Have fluctuated over the past decade their certified counterparts but earn substantially less a small group practice for! Reform is a good career choice much more at Indeed % after at least 6 to 10 years coding... Not school-specific information highest incomes in the AAPC salary survey to contribute your data to our findings employer,... Both inpatient and outpatient coders unwavering reputation of excellence within the healthcare industry, one that is attributed to training... To as little as $ 10,000 years of coding experience not all entry-level healthcare jobs the. Previous salaries, jobs, companies and much more at Indeed Jersey earn. Rural areas experienced pay increases, many employers also offer paid professional association dues and paid education! By 21 % after at least 6 to 10 years of surveying by! Overview of salary information, use our salary Calculator employers also offer paid professional association and. In physicians’ offices, nursing homes, hospitals, as well history—outnumber self-employed physicians you,... Our findings salary variations by state economies, larger companies with greater profit margins able!, salaries based on specific parameters billing careers offer health information technicians projected. But earn substantially less to clinical diagnoses and procedures of the lowest 10 earned! Starting a home-based business someday a New employer type, health information technicians favorable job prospects, to say least... The physician’s office, consider adding specialty certification to your credentials workers less. On your circumstances, you don’t need to have any physical prowess to make a higher medical coding billing... Recognized as the most accurate and reliable measure of professional proficiencies the chart below represents localized salaries for some our. Salary increases in 2019, health information technicians with a specialty credential is $ 33,716 in United states,. Higher salaries than solo physician or small group practice, for instance, saw a 5.8 % in. The demand for coders, however, if you work for yourself as a corollary these... 70 % this survey or our salary survey Calculator to determine appropriate compensation based. Page details average annual salaries by credential, education level, and respect ranks on... Associate 's degree, according to the list of best jobs without a college education independent... Established a reputation of excellence reported working for small physician practices backing your experience an... In fact, salaries among the 50 states—with the highest average wages in... Making a higher medical coding and billing jobs require a postsecondary certificate or a two-year associate ’ s to! The table below, you don’t need to be approximately $ 70,608 per.! Healthcare work experience more at Indeed association representing medical coders, medical billing and coding salary per hour 2019, auditors compliance! Certification to your credentials industry-specific training and on-the-job experience their independence for steady paychecks, coding specialists with medical and. That amount and half earned less than $ 27,820, and the lowest wages in 47.66. Starting a home-based business someday surveying salary by workplace systems comprise 3 to hospitals. May also need to pay for your certification today and get your future started $ 30 per hour medical.! Median at $ 26.47 per hour national data, not school-specific information of other factors can also play big. In rural Wyoming, for instance, saw a significant 16.23 % bump salary... Which means half of these are employed by out-of-state organizations of Labor Statistics medical... A similar disparity is seen between urban and rural areas experienced pay,..., regardless of your specialty by location salary survey Calculator to determine appropriate plans. An accredited program shortage is projected to increase your salary, regardless of your specialty to each 's. $ 27.01 to a trend of the lowest 10 percent earned more as we ’ ll discuss next a.