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Posted on May 23, 2014 by · Leave a Comment
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Medical Billing Salary

Know About The Medical Billing Salary

Medical billers and coders are better known as medical records coding technician or health information professionals who specialize in assigning codes to specific medical procedures for insurance purposes. The medical billing and coding procedure determines the amount of money to be reimbursed if the patient possesses a valid insurance facility. Majority of the medical billers earn on an hourly rate instead of an annual rate. Medical billing salary depends on a number of factors.

Highest paying state

As per the U.S. Bureau of Labor Statistics, a medical coder and biller made an annual average around $33,000 in year 2008. The medical billers earned a median salary of $31000. The highest paying state was New Jersey, as per the report of the U.S. Bureau of Labor Statistics in 2008. The other states that were paying salary just below New Jersey were Alaska, Hawaii and Maryland. However, South Dakota, the state that has the highest number of medical billing specialists paid only an average annual salary of $30000, which is much lesser than the national average.

As per the reports of the U.S. bureau of Labor Statistics in 2008, two important metropolitan areas for medical billing were California and San Francisco. The medical billers’ salary in both these places averaged around $45000 in a year. Other areas that stood below San Francisco and California were Iowa City, Waterbury, Connecticut, New Jersey and Vineland -Millville-Bridgeton.

According to the U.S. bureau of Labor Statistics, the medical billers who worked with the physician’s offices, hospitals and outpatient health care centers and other nursing healthcare facilities earned between an annual average salary between $27000 and $35000.

Medical Billers Insurance Facility

Hourly Medical Billing Salary

As per the 2010 data, the medical billing salary stood at a whopping $44000. In fact, the salary payment increased to a much higher rate within two years than what is reported by the U.S. bureau of Labor Statistics. Indeed, the U.S. bureau of Labor Statistics reports that a 20 percent rise in employment for medical billing and coding specialists is expected during the next four years, with effect from 2008. It is guaranteed that a medical billing professional gets a salary of at least $36000 per year.

Get the needed training and qualification and update your resume to fulfill your career options in medical billing and coding jobs. You can search online or contact medical billing specialists to know the prospects of the billing career along with the details of salary information in different sectors and health care institutions.

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