How Much Does Medical Billing Pay An Hour?
The answer to how much does medical billing pay an hour is not always straightforward, but it can be helpful to know where to look for information. You can find salary data from various sources, including Indeed, which offers a range of employment statistics. You can also research the average pay of a medical biller or coder by state.
The AAPC reports that salaries for billers and coders differ depending on the workplace size and employer. Larger healthcare facilities typically pay more, while smaller practices may offer less. Often, one person performs both roles, but in some cases, it makes sense for smaller and rural organizations to hire separate people for these duties.
Medical Billing and Coding Salary Trends
In a time when healthcare costs are rising, it’s important to be able to collect payments on a patient’s behalf. Whether that means collecting patient copays, negotiating with insurers or filing appeals on rejected claims, medical billing and coding professionals play a critical role in the healthcare system.
Job responsibilities for a medical biller and coder vary, but in general they collect information about patients’ insurance and procedures to create bills and submit them to insurance companies. These bills contain a patient’s demographic information, medical history, and insurance coverage, as well as a report on what services were performed.
A medical biller and coder must be able to communicate with both patients and healthcare providers effectively. They must be able to explain the details of a patient’s insurance plan and medical procedures, as well as the process for filing an appeal.
Those who want to work in medical coding and billing can earn a variety of certifications. Some of the higher-paying ones include Certified Professional Coder (CPC), Certified Coding Specialist (CCS) and CPCO.
The AAPC notes that medical billers and coders with a basic credential can earn up to 20 percent more than those who have not earned the same credentials. They can also increase their pay by obtaining additional certifications as they progress in their career.
Other ways to increase your income as a medical biller or coder include switching employers, moving into a supervisory role or earning an advanced degree. Employers may also be willing to pay more for experience and management.
Where to Get a Medical Billing and Coding Job
The most lucrative positions in this field are at larger hospitals or health systems, but there are opportunities at smaller practices, as well. A career in this field could be ideal if you have excellent organizational skills and a desire to be part of an organization’s mission.
How to Become a Medical Biller and Coder
The fastest way to become a medical biller or coder is to complete a certificate program in the field. Most programs take less than a year and require no more than two years of study.
While a bachelor’s degree is usually enough to begin working as a medical biller or coder, some employers prefer candidates with specialized training. Some programs specialize in areas like orthopedics or pediatrics, and others focus on medical coding and billing.