Question: Is there a large demand for medical biller and coders?
Yes, there is high demand for medical billers and coders in today’s job market, but first let me speak concerning the profession, as many are under the impression that these two careers are one and the same. Medical billing is one profession and coding is another separate profession. Neither require a degree, but coding does require professional certification via the AAPC or a certification and/or degree via the American Health Information Management Association (AHIMA).
The U.S. Bureau of Labor Statistics (BLS) recently released their 2013 Occupational Outlook Handbook and the field of medical records and health information technicians (which includes medical billers and coders) is expected to increase by 21% between 2010 and 2020. The BLS has pointed to this industry as having a faster growth rate on average than all other occupations, with an expected increase of approximately 37,700 employed in this exciting field by 2020.
The 2012 average salary of a certified Coding professional was $48,033. However, the following breakdown, from the AAPC’s 2012 publication is via type of coding credential:
- Certified Professional Coder (CPC) – $47,796(increased by almost $900 in one year)
- Certified Professional Coder – Hospital Outpatient (CPC-H)– $56,466(increased by almost $1,800 in one year)
- Certified Professional Coder – Payer (CPC-P)– $55,255(increased by almost $3,800 from last year)
- Certified Professional Medical Auditor (CPMA)– $59,365(increased by almost $3,200 over last year)
- Overall average earnings of all specialty credentials was $54,145
One of the driving factors for salary is geographic region in the U.S. Of note, those who work in the Mid-Atlantic, New England, and Pacific regions have higher salaries ranging from an average of about $52,400 to about $55,000. The regions that had a lowest salary range were the East South Central, West South Central, and West North Central regions of the country, which ranged from an average of about $41,500 to about $44,500. Overall, salaries are on an upward trend for 2012, based on the AAPC’s recent report. That is good news for the industry!
Source: MedicalBillingAndCoding.org (c) 2016 All Rights Reserved