A career as a medical coding and billing specialist enables you to work in a wide variety of medical settings or even to choose your own hours while working from home. You will organize and manage health records with a focus on quality, accuracy, and confidentiality, using coding and categorizing systems that enable you to correctly represent patient information to insurance companies and physicians for reimbursement, databases, and medical histories.
Taking a program in medical coding will provide you with the skills you need to begin a successful career, including keyboarding, business communication, office procedures and administration, ICD 9 and ICD 10, patient care, and charting. Without this knowledge, it is difficult to enter the medical coding field and start making a good salary. However, if you graduate from a course, you can expect the following.
Medical Coding Salary
Medical records and health information technicians earn a median salary of $34,160 per year. In other words, half earn more than this amount and half earn less, with the lowest 10 percent earning under $22,250 and the top 10 percent earning more than $56,200, reports the Bureau of Labor Statistics (BLS).
The greatest number of medical coding jobs are in hospitals, physician’s offices, and care facilities. However, you can receive an even higher medical coding salary if you work in pharmaceutical manufacturing, drug wholesale, legal services, federal executive branches, or consulting services, where annual mean wages range from $22.04 to $24.12 per hour and $45,850 to $50,170 per year, according to the BLS.
Employment Expectations for Medical Records Technicians
There were 186,300 jobs in medical billing and coding in 2012, but this number is expected to rise to 227,500 by 2022. This increase of 22 percent is much faster than the average rate for all occupations due to an aging population that will need more medical tests and treatment, meaning that insurance companies will need to make more reimbursements and medical professionals will have greater need for electronic health records.
Health Information Technicians in Texas
If you decide to become a medical coder in Texas, you are already off to a good start. There was a total of 16,110 jobs across the state in 2014, and workers can expect to earn $18.06 per hour or $37,560 per year, according to mean wages from the BLS.
Medical billing and coding specialists need to have a certification to enter the occupation. When choosing a course to study, search for schools that offer training for the Certified Billing and Coding Specialist (CBCS) or Electronic Health Records Specialist (EHRS) examinations along with your chance to gain experience, skills badges, and career support for the best chance of finding a job with a good salary straight after graduation.