The salary for medical billing and coding professionals can vary based on factors such as the individual’s level of education and experience, the location of their job, and the size and type of employer.
According to the Bureau of Labor Statistics (BLS), the median annual wage for medical billing and coding specialists was $40,350 as of May 2020. The lowest 10% earned less than $26,580, while the highest 10% earned more than $61,330.
Medical billing and coding professionals who have a bachelor’s degree and/or certification may be able to command a higher salary. In addition, those who work in larger hospitals or in metropolitan areas may earn more than those who work in smaller facilities or in rural areas.
It’s important to note that salary can vary based on many factors and is not a guarantee of what an individual will earn. It’s always a good idea to research salary expectations and negotiate pay when possible.
Medical billing and coding maximum salary
It’s difficult to determine the maximum salary for medical billing and coding professionals as it can vary based on factors such as the individual’s level of education and experience, the location of their job, and the size and type of employer. In addition, salary can be influenced by factors such as the demand for medical billing and coding professionals in a particular area, the individual’s negotiating skills, and the policies of the employer.
Medical billing and coding minimum salary
The minimum salary for medical billing and coding professionals can vary based on factors such as the individual’s level of education and experience, the location of their job, and the size and type of employer.
According to the Bureau of Labor Statistics (BLS), the median annual wage for medical billing and coding specialists was $40,350 as of May 2020. The lowest 10% earned less than $26,580.
It’s important to note that this is a nationwide average and salary can vary significantly by location. In some areas, medical billing and coding professionals may earn less due to factors such as a lower cost of living or a lower demand for their skills. In addition, the minimum salary for medical billing and coding professionals may be influenced by the policies of the employer, as well as by any state or federal minimum wage laws that may be in effect.
