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Clearly, no conversation about the medical coding job outlook is complete without mentioning wages. Luckily, there is loads of good news regarding medical more...coder salaries.
The Department of Labor tracks wages and salaries for a very large number of occupations - this includes medical coding salary and wage information. We have found that the latest published Dept. of Labor statistics suggest that the average medical coder earns close to $32,000 each year. The important thing to remember here is the term "average". There's obviously far more to this story.
Here is a 2007 medical coding salary survey taken by the American Academy of Professional Coders (AAPC). It breaks it down so you can get a better idea about the actual income of medical coders:
Annual Salary by Title:
Medical Coding Specialist: $30,000 - $35,000
Medical Coding Professional: $30,000 - $35,000
Medical Coding Manager: $40,000 - $45,000
Medical Billing Manager: $35,000 - $40,000
Medical Coding Audit Specialist: $40,000 - $45,000
Medical Coding Compliance Manager: $55,000 - $60,000
Medical Records Supervisor: $40,000 - $45,000
Administrator: $85,000 +
Here are a few things you need to be aware of in evaluating medical coding wage information.
1. Certified Medical Coders are commonly paid 17% more than non-certified coders, according the American Academy of Professional Coders wage survey.
2. There is a extremely firm career path for professional medical coders. Income grows with responsibility and greater certification. A complete 8% of medical coders having a specialty credential made greater than $85,000 per year.
3. Longevity and expertise in the medical coding occupation pays off, according to the 2007 AAPC Medical Coding Salary Survey. Those with basic credentials and one year or less of experience earn an average of $25,000 - $30,000 annually. Those with 18 or more years of experience make an average of 70% to 80% more: $45,000 - $50,000 each year. less
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Oct 14, 08
By: medical-coding
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