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A Medical Billing and Coding Salary Comparison

Lots of people just beginning to consider an administrative career from the health care industry are attracted by the fact that medical billing and coding is among the fastest growing sectors in the last a decade. But when their research gets under way, it soon becomes obvious that looking to earn a medical billing and coding salary is not as straightforward because it seems.

The thing is, medical billing and coding, although closely linked, are in reality entirely separate disciplines. And once this fact becomes apparent, the inevitable question arises as to if a medical billing salary is using a par with a medical coding salary, or whether one pays superior to another.

Comparison of an Medical Billing and Coding Salary

Firstly, we need to be clear about what would be the differences between two areas. All things considered, if you are more comfortable handling numbers than people, then maybe you ought to seek to become qualified as a medical coder.

Whereas, assuming you rather pull your fingernails out than spend your working life manipulating numerical data, then you would are more at ease with the duties of an medical biller.

Duties and Responsibilities

A medical billing and coding salary is much more like becoming a practice manager than a practice accountant. Whilst the task of compiling and submitting the specified invoices to health insurance companies or direct to patients, your work will involve patient liaison with a large degree.

From making appointments, greeting patients and families to managing doctors, physicians and healthcare specialists, the work of the medical biller uses a far higher degree of people skills than the medical coder does.

Certainly, a functional knowledge of medical codes is essential for compiling patient records and accounts, but an experienced professional medical coder are going to be a lot more devoted to data and numerical work compared with dealing with doctors and patients.

So what is the implication for just a difference inside a medical billing and coding salary?

Initially, new employees inside their first job after gaining their qualifications, be that in billing or coding, should be expecting to earn roughly a similar amount. An hourly rate of between $10 - $14 is usual and is only relying on if the position has been a big or small organization and whether that organization is situated inside of a major city or rural town.

Once some experience is gained, both the disciplines continue to distance themself from 1 another slightly. Certified medical coders with commensurate experience enjoy as pleasing salary levels than their unregistered and inexperienced counterparts. The normal medical coder could reasonably anticipate to earn around $35000 - $45000 yearly.

A similarly qualified and experienced medical biller could find that the earning capacity is slightly lower around $32000 - $43000 pa. However, those that have specialization and experience encompass both areas might be best placed to attain a salary degree of around $50000 pa or maybe higher. The inevitable conclusion to get drawn is the fact that is you wish to earn a great medical billing and coding salary, in that case your best plan is always to qualify for both disciplines.

So before you make final decision whether to pursue a career to be a medical biller or coder, you need to consider whether you will be more comfortable dealing with people, number or both!