What Is the Average Pay for Certified Medical Coders?
In these trying circumstances, if you’re wondering how much a certified medical coder makes, please continue reading. The medical coding sector may be the best fit for you because it provides excellent job prospects and high pay. Medical coding is becoming more popular, and there is a good need for qualified personnel. Medical coding is expected to expand in importance over the next few years due to the increased demand for universal access to healthcare and the greater use of electronic devices.
The data and analysis presented here come from the 2012 AAPC Health Care Salary Survey, and they show that those who work in the health care sector continue to be highly paid for their efforts. Educators, auditors, practice managers, billers, and coders are among the professionals who replied to this poll.
The poll found that while the 2008 crisis may have had an impact on this industry just like it did on others, new opportunities have emerged in the intervening years. Professionals in this sector have reported improved decision-making at work as a result of the recession, in addition to more opportunities for growth.
A medical coder’s typical annual pay
Poll found that the typical medical coder can make $47,870 a year. This average medical coding income included both non-certified and certified medical coders; however, if you compare the real wages of non-credentialed and credentialed medical coders, you’ll find that there is a sizable disparity in medical coding salaries. According to their degrees or certificates, medical coder certification in San Antonio are paid differently, as seen in the statistics below.
- The annual salary of a Certified Professional Coder, or CPC, is $47,796.
- All coders with AAPC certifications receive an annual salary of $48,033.
- Individuals with specialized certifications can make $54,145 annually.
- The average annual salary for a Certified Professional Coder-Payer, or CPC-P, is $55,255, an increase of $3,800 from the previous year’s average.
- In contrast, a Certified Professional Coder-Hospital Outpatients, or CPC-H, makes $56,466 year, an increase of $1,800 from the previous year.
- The annual salary of a Certified Professional Medical Auditor, or CPMA, has increased by $3,200 to $59,365.
Pay for a licensed medical coder
The data makes it abundantly evident that individuals with credentials receive better pay, despite the fact that medical coding earnings have slowly increased over the years. This indicates that those with credentials benefit more from their career in terms of both cash rewards and professional advancement.
Medical coding salaries vary not only by credentials but also by place of employment. Compared to previous year’s figures, the average worker’s salary has climbed by 9.7%. Although they received the least pay raises, those who worked in facilities made more money. Solo practitioners’ pay may be smaller, but it increased the greatest, from $40,290 in 2010 to $45,312 in 2012.
The pay that medical coders receive is also determined by their job duties. Furthermore, the rate of medical coders is significantly impacted by education and qualifications. Additionally, there are more positions today than ever before that require qualified medical coders. This indicates that certified medical coders are in higher demand as time goes on, thus having one for yourself is advantageous.
There are many elements that influence medical coder pay, but one thing is certain: obtaining qualifications, picking your workplace, and continuing your education will put you at the top of the list of medical coders who are paid the greatest.