Medical Billing & Coding Salaries
Medical billing & coding careers can provide exciting opportunities for those who are detail-oriented, organized, and excellent communicators.
According to the Occupational Outlook Handbook, medical billing and coding technicians will continue to be in high demand as the population of baby boomers ages. Read on and get an overview of medical billing & coding careers and projected salary information.
Job Duties & Tasks
A medical billing and coding technicians main task is to ensure that various health care providers receive payment for medical care that has been provided to patients. Every medical procedure, diagnosis, and treatment has a specific numeric code. Medical billing and coding technicians create insurance claims or statements by entering the specific numeric codes into a database.
An insurance carrier receives the claim and a decision will be made as to whether the claim will be accepted or denied. If the claim is accepted, the health care provider will receive payment. If a denial occurs, a medical billing and coding technician will discuss the problem with a health care provider, change the numeric code if a mistake was made, and enter the new information into the database.
Once an insurance claim is paid, any remaining amounts owed to a healthcare provider will be billed to the patient. Medical billing and coding technicians also work with patients who have bills in collections.
Medical billing and coding salaries typically average around $30,000. Medical billing and coding salaries are the highest for those who work for hospitals. Doctor’s offices tend to pay the least.
In conclusion, medical billing and coding careers offer excellent opportunities for those who are organized, detail-oriented, and excellent communicators.