Medical Billing and Coding Salary

If you’re considering a career in medical billing and coding, you’re probably interested in knowing what the medical billing and coding salary is. Salary for medical billing and coding can fluctuate depending on your set of skills and experience. For example, medical coding requires specific certifications whereas some companies may hire medical billing specialists based on experience.

Medical Billing and Coding Salary Statistics

According to the U.S. Bureau of Labor Statistics, the average medical billing and coding salary (“median annual wage of medical records and health information technicians”) was $32,350 in May 2010. The lowest 10 percent of medical billing and coding salary earned less than $21,240, and the top 10 percent of medical billing and coding salary earned more than $53,430. The average hourly wage for medical billing and coding salary was $15.55 per hour in 2010.

Based on these medical billing and coding salary statistics, you can expect to earn just above $30,000 annually and upwards of $50,000 or more as a medical billing and coding specialist.

What is Your Medical Billing and Coding Salary Based On?

medical billing and coding salary. A smiling young lady in a black suit is taking some papers from a man.The salary for medical billing and coding that may be offered to you in employment will be dependent on the employer, your skills and experiences. Generally speaking, the more qualifications, skills, and experience you have, the more you can expect in a medical billing and coding salary. Specific job-related duties that companies often consider when evaluating what your salary for medical billing and coding may include:

Ability to use accounting/auditing and medical billing and coding software

  • Microsoft Office, typing and general computer skills
  • Knowledge of inpatient and outpatient coding guidelines
  • Knowledge of insurance policies, federal and state regulations, and institutional policies
  • Coding certification and knowledge of CPT, ICD-9-CM, and HCPCS coding principles
  • Analytical capabilities

Additionally, your performance in an interview may also play a role in your starting salary for medical billing and coding with your employer.


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