Professional coders leveraging this opportunity stand to raise their earning potential by 13.43%. Depending on the size of the office, these roles may be completed by two separate individuals or one person. In addition, many employers prefer to hire staff that have certification or have graduated from an accredited program. The quickest route to making a higher medical coding salary is education. Not only has the U.S. Baby Boomer generation—20% of our population—reached its golden years, but the U.S. Census Bureau estimates that 78 million people age 65 and over will increase 55% by 2030. For example, employment of medical transcriptionists—who listen to voice recordings of physicians and type them into written reports—is projected to decline due to technologic advances with speech recognition software. Annual pay increases could be restricted by your current base salary, and you may need to consider changing jobs if you’re not getting the raise you deserve. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. But the concept is no different within this space. Many people considering a career in medical coding or billing may be interested in starting a home-based business someday. This data is mostly derived from employees who work in physician’s offices, nursing homes, hospitals, and other healthcare facilities. Prior to the last decade, most healthcare occurred in the physician’s office, but healthcare reform has changed the landscape. Not in today’s world. As of May 2017, the mean (average) medical secretary/medical coder salary was $35,870 per year. For more than three decades, AAPC-trained CPBs and CPCs have established an unwavering reputation of excellence. As a medical coder or biller, you won’t have to engage in direct patient care, but you will still play a vital role in helping to keep healthcare organizations operating smoothly. Although certification carries the most weight with employers, and does not require higher education to obtain, our survey shows an influence of education on medical billing and coding salaries. In 2018, according to the most recent stats from the Centers for Disease Control and Prevention (CDC), “more” is defined as upwards of  1.4 billion patient visits in that year. A bachelor’s degree in healthcare administration or health information management may qualify you for more career opportunities and management roles in the future. Given the rise in chronic conditions prevalent among this population, the Association of American Medical Colleges (AAMC) anticipates a shortfall of nearly 105,000 physicians by 2030. This shortage extends to medical coders and billing specialists who support hospitals and physician-based practices. Just in case you need a simple salary calculator, that works out to be approximately $24.55 an hour. In contrast, billing and coding salaries by credential have consistently increased year after year. From the table below, you can select your state to see an overview of salary information for your area. Two widely recognized organizations that offer certifications are The American Academy of Professional Coders (AAPC) and the American Health Information Management Association (AHIMA). The titles of Certified Professional Biller and Certified Professional Coder comes with high expectations, trust, and respect. The median annual wage was $34,610, which means half of these workers earned less than that and half earned more. Topping the list is Hawaii, with Massachusetts and Rhode Island close behind in second and third. 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