Medical Billing and coding salary can be influenced by many factors. These include job experience, certifications and training, as well as your location. These three small factors can greatly influence your salary and change it by thousands of dollars per year. We will discuss these in more detail in this short article.
Medical Billing and Coding Salary-Location
Your geographic location plays a large role in determining your compensation in the medical billing and coding field. In some areas, the cost of living is higher and the economy is still thriving. In these areas, salary ranges may be higher. For instance, in a 2010 publication, the average salary for medical billers in Dallas, TX was between $31,000 and $41,000 but in Los Angeles the range was from $32,00-$53,000 annually. You should take this into consideration before beginning a career in this field. Medical coders do tend to have a higher income range simply because they typically work in hospitals and medical facilities while medically billing professionals typically work in offices or from their homes.
Medical Billing and Coding Salary-Training and Certification
Without certification, a career in medical billing and coding will be next to impossible. Certification shows that you are well trained and know what you are doing. Most medical billing companies will not even think of hiring a person with no training.
Training programs can take anywhere from three months to 2 years to complete. There are many online options available as well as classroom based training courses. Medical coding requires additional classes to enhance computer skills. Before beginning any type of medical billing or coding training course, you should be absolutely positive that you intend to go with this career. The training courses can range anywhere from $2,500 online upwards to the $20,000 mark for classroom based training.
When choosing an online school, you should try to make sure that it is reputable and does offer a certification. Many of these schools also offer job placement assistance which is also a nice feature.
Medical Billing and Coding Salary-Experience does count
In the field of medical billing and coding, experience is very important to most health care professionals and medical billing companies. Many medical offices would like its perspective medical billing professionals to have a minimum of 2 years of on the job experience. With that being said, your training and certification is important. If the office realizes that you do not have any experiences but do have good training as well as certification it may be willing to make an exception and hire you based on that. Keeping that in mind, your salary will probably be on the lowest end of the salary. With a little experience, you will be able to work yourself up to the higher end of this range over the course of several years experience.
As you can see, medical billing and coding salary has lots of factors that can influence the amount of your pay. The factors mentioned above should be considered before considering this field as an occupation.