- The average salary for a medical billing and coding specialist is $33,880 in the United States. In addition to certification and credentials, medical billing and coding specialists typically possess either an associate's degree or a bachelor's degree.
- Certified medical billing and coding specialists are most often employed in medical facilities; in fact, the BLS says around 39 percent were employed in hospitals as of 2008. Those in hospitals earn an average salary of $35,870. In nursing care facilities, the average is $33,100, while they earn less at $30,650 a year in outpatient care centers. The offices of physicians offer the lowest wages for certified coding specialists at $28,460.
- Although employment opportunities tend to be lower for certified medical billing and coding specialists outside of medical institutions, wages tend to be higher. Working in either scientific research and development services or other support services can bring in $42,050 or $44,270 a year, respectively, and employment as a coding specialist with the federal executive branch or professional, labor or political organizations can bring in over $45,000 annually. Wages are highest in pharmaceutical and medicine manufacturing, where coding specialists earn an average of $61,210 a year.
- Location plays a role in the salary of a certified medical billing and coding specialist. New Jersey and California are home to the five metropolitan areas with the highest average salaries for this occupation; in Newark, Vineland and Edison, N.J., the salary averages are $51,390, $44,350 and $43,890 respectively, and the averages in San Jose and San Francisco are $47,450 and $46,300 annually.
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