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What Do Medical Billing and Coding Specialists Make?
A career as a medical billing and coding 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.
You will use coding and categorizing systems that enable you to correctly represent patient information to insurance companies and physicians for reimbursement, manage 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 10, patient care, and charting.
You will also learn about anatomy and physiology, HIPAA, medical terminology and ethics. Without this knowledge, it is difficult to enter the medical coding field and start making a good salary.
However, if you graduate from a program and pass specific certification exams, you can expect the good salary. The typical medical billing and coding salary in Texas is promising.
Medical Coding Salary
Medical records and health information technicians earn a median salary of $40,350 per year or $19.40 per hour according to the 2018 report by the Bureau of Labor Statistics (BLS.gov).
The greatest number of medical coding jobs and medical records technicians 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 according to the BLS. Those who obtain a bachelor’s degree and move into the medical and health services manager occupation earn on average $99,730* as reported by BLS for 2018 (BLS.gov).
The job outlook for employment in the medical records and health information technicians category are projected to grow from 2018 to 2028 by 11% (BLS.gov).
This increase 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.
There was a total of 215,500 medical records and health information technician jobs in 2018, with an additional 23,100 more jobs expected by 2028 (BLS.gov). Medical billing and coding specialists need to have a certification to enter the occupation.
When choosing a course to study, search for schools like Southern Careers Institute that offer training for the Certified Billing and Coding Specialist (CBCS), Electronic Health Records Specialist (EHRS), and the Certified Medical Administration Assistant (CMAA) examination.
Programs that offer a chance to gain experience, skills badges, certifications and career support provide the best chance of finding a job with a good salary straight after graduation.
Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Medical Records and Health Information Technicians, on the Internet at https://www.bls.gov/ooh/healthcare/medical-records-and-health-information-technicians.htm.
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Enrique H. Welding
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“I made a complete career change when I started my training at Southern Careers Institute. I needed a stable career to continue providing for my growing family. SCI provided me with the medical terminology and know how that I needed to understand and acquire a career in the medical field. SCI taught me that it doesn’t matter where you are in life right now; you always have room to advance and learn.”
Denise S. Medical Assistant
“I am extremely grateful for the assistance I received from SCI’s Career Services team. I enjoy where I work and what I do. SCI has helped me succeed in life by getting me the necessary education and by making me a stronger and more confident person.”
“Once I graduated from SCI, I had a sense of accomplishment that helped me through the job search process. SCI provided me with the opportunity to brush up on my skills, extend my accounting knowledge, and they boosted my self-confidence. I went to work two days after my last day of school.”
Annette D. Business Accounting
“When my youngest child graduated from high school, I told my husband that it was my time. I went back to school to change careers after spending 37 years in the business field. At SCI, the instructors are professional, and they care about what they are teaching you, as well as expect you to give 100% in return. I had problems understanding how to draw in syringes and give injections. I requested extra help from a knowledgeable instructor, and I was able to receive one-on-one training. Today, I draw injections for approximately 100 patients each week. I am very confident in what I’ve learned. SCI has given me the chance to do what I always wanted to do. Thank you for my education. I am doing wonderful.”
Bonnie M Medical Assistant
“I am now a certified Lab Tech. SCI helped me get an externship, and I came out with a job. After my little sister had cancer, I knew I wanted a career in the medical field that allowed me to help others. I am happy about what I do.”
Sidney B Medical Assistant
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“Southern Careers went beyond my expectations. Very impressed. The assistance I got from Career Services is truly amazing. They really went out of their way to get me placed. They really care and I am grateful to all of them.”
“Southern Careers Institute totally surpassed my expectations. Once I finished school, the Career Services team helped me find a job. I would tell anyone thinking about starting career training that you have nothing to lose and a lot to gain. I wish I would have started my training sooner.”
* Past students’ outcomes, starting salaries, or job prospects are not indictive of the possible job outcomes for future and current students. SCI does not guarantee employment or a starting salary upon graduation, completion, or withdrawal from SCI.