What Are the Average Wages for Medical Billing and Coding?
If you are looking forward to becoming a medical coder, you are probably interested in finding out how the salaries look like in this field. Wages for medical billing and coding vary depending on the experience of the employee and the location of the job. By location you should not understand the part of the country only, but also the kind of facility you can work in as a billing expert. More than that, the salaries also depend on whether you are working in a small town or big city. Additionally, the job could be in a small doctor's office or in a huge hospital with hundreds of patients. Therefore, the wages also depend on the job responsibility.
Statistics in this industry suggest that medical billing and coding pay rates range between $12 and $17 an hour. Hence, the average annual salary is usually in the upper 20 thousands. Nevertheless, for the starting job, an individual should expect to make somewhere in the lower range. The good news however is that there is plenty of room for coding and billing growth in the medical field, so if you start as soon as you get out of college, your experience will matter greatly to the yearly salary.
Medical billing and coding is definitely a growing industry field, with more and more new opportunities arising every day. The more experienced and efficient you are, the more money you can make in this prosperous and constantly growing industry. Medical coders' wages also range according to the responsibilities that you have on the job. Larger hospitals and medical facilities generally have a larger volume of patients, so the job of a coder or biller is a lot more demanding than it would be in a smaller venue or office.
Working from home is also an option in this particular industry, but usually you will be required to have more experience in order to gain this privilege, since you are less supervised than when working on-location. Nonetheless, numerous coding and billing workers prefer to work from home even if they have to settle for a lower hourly rate, mostly because of the convenience of not having to drive to the job, which helps them save more time and money.
As the demand for medical coding and billing experts grows, the average wages should also grow. The experienced medical billers though will be in highest demand, so building up a good working resume is crucial if you want to be able to ask for a top salary. Even if the starting salary may not be exactly what you were hoping for, the $13 or $14 wages for medical billing and coding will actually grow as you gain more experience and you establish yourself in the industry.
Statistics in this industry suggest that medical billing and coding pay rates range between $12 and $17 an hour. Hence, the average annual salary is usually in the upper 20 thousands. Nevertheless, for the starting job, an individual should expect to make somewhere in the lower range. The good news however is that there is plenty of room for coding and billing growth in the medical field, so if you start as soon as you get out of college, your experience will matter greatly to the yearly salary.
Medical billing and coding is definitely a growing industry field, with more and more new opportunities arising every day. The more experienced and efficient you are, the more money you can make in this prosperous and constantly growing industry. Medical coders' wages also range according to the responsibilities that you have on the job. Larger hospitals and medical facilities generally have a larger volume of patients, so the job of a coder or biller is a lot more demanding than it would be in a smaller venue or office.
Working from home is also an option in this particular industry, but usually you will be required to have more experience in order to gain this privilege, since you are less supervised than when working on-location. Nonetheless, numerous coding and billing workers prefer to work from home even if they have to settle for a lower hourly rate, mostly because of the convenience of not having to drive to the job, which helps them save more time and money.
As the demand for medical coding and billing experts grows, the average wages should also grow. The experienced medical billers though will be in highest demand, so building up a good working resume is crucial if you want to be able to ask for a top salary. Even if the starting salary may not be exactly what you were hoping for, the $13 or $14 wages for medical billing and coding will actually grow as you gain more experience and you establish yourself in the industry.
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