The average medical coder salary tends to vary based on experience. Medical coders without any type of certification should expect to earn an average salary of between $30,000 and $40,000 annually, which is slightly higher than the national average for all occupations. However, these medical coders may not have a work schedule that’s very flexible because offices aren’t generally open 24 hours a day. Those that are able to enter this occupation with certification can expect a higher salary, especially when the certification is specific to their region or background, such as a coding specialist who is certified in cardiology.
According to the Bureau of Labor Statistics, medical coders earned a median salary of $61,230 as of 2010.
What is the average salary for medical coders
Introduction
Medical coding is an exciting and growing field—and a great option if you want to work in healthcare, but don’t necessarily want to be a medical doctor or nurse. Medical coders take patients’ medical histories, diagnoses, and procedures and convert them into codes that are used for billing insurance companies. Coding is essential because it ensures that doctors get paid and insurance companies accurately track patient health data. The job requires a certain education and certification, which can all be done remotely in a relatively short amount of time.
The average annual salary of a medical coder is $37,110.
A medical coder is a person who assigns codes to medical diagnoses and procedures. The codes are used for billing and reimbursement purposes, as well as maintaining an accurate record of patient care. As the healthcare industry continues its rapid growth, it’s expected that the need for these professionals will continue to increase as well.
There are several reasons why you might be interested in this career:
- You like working with numbers or computers—medical coding requires both! You’ll spend a lot of time sitting at a computer inputting information into the system, which may be monotonous work but can also be very satisfying when you see your hard work pay off by helping patients receive proper treatment.
- You’re good at explaining things—if you’re adept at communicating with others (both verbally and written) then you should have no trouble explaining what went wrong on someone’s chart or why they need to take antibiotics before seeing their doctor next week! It doesn’t hurt if you’re naturally friendly either because most people don’t enjoy having money taken away from them when they’re sick… Let’s face it: we all get more upset about losing something than gaining something else by our own choice.”
The median annual wage for medical records and health information technicians was $40,350 in May 2018.
The median annual wage for medical records and health information technicians was $40,350 in May 2018.
The mean annual wage is the total amount of money earned by all people in a given profession over a year, divided by the number of people who work in that profession. So the mean is representative of both high and low earners in the group. That’s why it’s not an accurate measure of what most people make; rather, it tells you how much your co-worker makes if he or she happens to be at either end of the spectrum.
Entry-level medical coders can expect to earn about $32,350 a year.
The average annual salary for medical coders was $32,350 as of May 2016, according to the U.S. Bureau of Labor Statistics (BLS). The top 10% earned more than $50,000 annually, and the bottom 25% earned less than $25,000 in this same time period.
You can expect to earn a different salary depending on your level of expertise and where you work. Entry-level workers will usually earn about $32,350 per year and mid-level workers who have been in their field for five years or more tend to make between $37-$50K per year. People with master’s degrees may make up to $70K annually while those with doctorates can potentially take home over six figures annually.
Medical coding is a growing field with good salaries.
The average salary for medical coders is $53,000, but it can vary depending on your employer. If you work for a hospital or clinic, you may earn more than if you’re employed by a company that bills insurance companies directly. This is because hospitals are heavily subsidized by Medicare and other government programs.
Conclusion
The medical coding industry is growing and it has a long future ahead. There are many different careers available in this field and opportunities are available for people with a wide range of skills and experience. The average salary varies depending on location, education level, experience level, skill set, and more factors.
