Just as the case is with any other industry or field, there are many factors that play a role in how much a medical coder will get paid. However, the median salary for a medical billing and coding specialist is almost $35,000 per year. We will go into more details about their salary below, as well as give you a little info about what can impact a medical coder’s salary.
Average Medical Coder Salary In Different Areas
The average salary for a medical coder will vary depending on the region they work in. In the United States, those who work in Connecticut, Washington, Rhode Island and Arkansas can expect to earn an average of around $40,000. Coders who work in states such as Iowa, Kansas and Kentucky can expect to earn an average of around $32,000. There are some areas in the states where the average starting salary is around $50,000 per year.
Other Factors That Affect Salary
Asides from where a person actually works, there are a few other factors that play a role in how much a medical coder will earn. For example, the position the coder holds will affect their salary. Medical coders work in a field that offers them plenty of advancement opportunities. The highest paid coders generally earn around $57,000 per year.
Also, wear they actually work (their employer) could also influence a medical coder’s annual salary. People who work as medical coders are often found in hospitals, where they can earn a nice salary. However, there are many other places where they work, such as doctor offices and clinics. They also work in outpatient care centers and family practices, as well as nursing homes and group practices.
Other Information About Medical Billing And Coding Salaries
There are a few more things you should know, such as the salary can be affected by the duties that coders do. Not only that, but experience also plays a big role. For example, a medical biller and coder who has two years experience should easily get around $45,000 per year.
If you are interested in becoming a medical biller and coder, but you are not sure if they make good money, then you should know that they can earn very good money. However, you should receive training and experience if you want to increase your chances of getting a job as a medical coder and biller.