Entry Level Medical Billing Specialist Salary

Entry Level Medical Billing Specialist Salary – The average salary for a billing specialist in the United States is $35,624. Collection specialist salaries typically range between $27,000 and $45,000 per year. The average hourly rate for billing professionals is $17.13 per hour.

A billing specialist’s salary is affected by location, education and experience. Collections professionals earn the highest average salaries in Delaware.

Entry Level Medical Billing Specialist Salary

Delaware, Massachusetts and Alaska are the highest paying states for debt collection professionals. South Carolina, Louisiana and Oklahoma have the lowest wages for procurement professionals.

Is Medical Billing And Coding Hard?

A billing specialist with 0-2 years of experience earns an average salary of $30,500. A mid-career billing professional with 3-6 years of experience earns an average of $35,624 per year. The average annual salary for a senior billing specialist with 7-12 years of experience is $48,154.

Billing specialist salaries range from $27,000 per year at the 10th percentile to $45,000 at the 90th percentile.

According to our latest salary estimates, Accounts Payable Professionals are the highest paid at TIBCO Software and Capgemini. Additionally, the average salary of accounting professionals in firms like Deloitte and InfosysPublicService is very competitive.

Over the past ten years, the average salary for a collections specialist has increased by $6,038. In 2014, the average accounting professional earned $29,586 per year, but today they earn $35,624 per year. This equates to a 10% pay change for billing professionals over the past decade. The UMA Health Blog covers information at the intersection of health, education and employment. Our contributors cover a wide range of topics including professional development, career development, health topics and education.

A Day On The Job In Medical Billing/coding

Medical office and billing specialists help support the healthcare process by performing office-related tasks related to billing for healthcare facilities, including patient care services. Someone in the medical billing specialist position may also be responsible for some aspects of medical coding. They may work behind the scenes or interact with patients face-to-face. Some may even work from home.

If you consider a doctor’s office and the role of a billing specialist, you may be surprised at how much the position pays. Here, we take an in-depth look at the topic, including median salaries for medical billing professionals by year, hour, and month, average salaries by state you work in, and more. We share.

The Bureau of Labor Statistics (BLS) includes medical office and billing specialists in the occupational categories of secretaries and administrative assistants. The national median annual wage for medical secretaries and administrative assistants in May 2021 was $37,450 per year, which dropped to $18.01 per hour.

Since this is the median, it means that half of the health workers in the country earn more than that amount, while the other half earn less. According to the BLS, most people work full-time in this type of role.

Medical Coding Salary

Based on this, the national average monthly salary for medical billing specialists is approximately $3,120. If you work part time, your annual and monthly income will be less.

The top 10% of workers (highest decile) earned $53,630 or more per year, while the bottom 10% (lowest decile) earned $29,040 or less.

UMA 2021-2022 Graduates in Medical Practices and Specialist Diplomas and Extraordinary Degree Programs. UMA reported that they earned a median hourly wage that was slightly higher than the lowest BLS decile.

These figures represent the total salary. After taxes are deducted, along with all other necessary deductions, there is less money left, also known as the net pay.

Entry Level Billing Specialist Salary: Hourly Rate (usa)

Your salary as a physician and billing specialist may vary depending on the state in which you work. Here is the state-wise breakdown of median (average) annual salary for medical secretaries and administrative assistants as of May 2021:

Generally, you only need a high school diploma and on-the-job training to land an entry-level position as a secretary or administrative assistant. However, individuals working in the health care field may need additional training to learn the vocabulary used in the field, and those who wish to work as administrative assistants in the health care field may receive this training before entering the field.

Medical billing specialist salary is not only affected by the state you work in. Many other factors can affect them, some of which are:

While jobs for secretaries and administrative assistants are expected to decline by 8% between 2021 and 2031, jobs for administrative assistants working in the medical field are expected to grow by 8% during that time.

Great Reasons To Start A Medical Billing And Coding Career

This is due to the growth of the health care industry, as baby boomers require more health care services as they age. This means that healthcare organizations are increasingly relying on medical offices and billing specialists to obtain reimbursement from Medicare and other forms of patient insurance.

If you are ready to pursue a career in medical office and billing, Ultimate Medical Academy offers an associate degree program in Health Sciences – Medical Office and Billing, as well as a graduate program in Medical Office and Billing Specialist. Each is available online, offering convenience and comfort to those with various work and home commitments. You can earn your degree in 11 months or you can earn your degree in 18 months.

Both programs include courses such as Introduction to Computers, Introduction to Medical Billing, Medical Terminology, and the Health Care Reimbursement and Claims Cycle. UMA’s Health Sciences – Medical Clerk and Billing Specialist program includes many general education courses as well as courses in computer fundamentals, interpersonal professional communication and patient relations.

If you’re not familiar with UMA, we’ve been providing health education since 1994 and have more than 75,000 graduates. We are institutionally accredited by the Accrediting Bureau of Health Schools (ABHES) and strive to provide the highest level of support to our students by helping them find employment not only while in school but also after graduation. And connect them with one of our employer partners.

Companies That Hire For Remote Medical Billing Jobs

If you’re not sure if a medical practice and billing specialist is the entry-level healthcare position for you, UMA also offers a healthcare quiz designed to provide general information and, in some cases, personality traits that UMA believes are relevant to UMA programs. . and a related profession in health care. No matter where you are in your life, UMA is here to help you achieve your health care goals!

1 Bureau of Labor Statistics. Business Outlook Handbook. Secretaries and Administrative Assistants. payment https://www.bls.gov/ooh/office-and-administrative-support/secretaries-and-administrative-assistants.htm#tab-5 2 Bureau of Labor Statistics. Employment by Occupation and Salary Statistics. Professional Recruitment and Payroll. May 2021. https://www.bls.gov/oes/current/oessrcst.htm 3 Bureau of Labor Statistics. Employment by Occupation and Salary Statistics. Employment and Salaries by Occupation, May 2021. 43-6013 Medical Secretaries and Administrative Assistants. https://www.bls.gov/oes/current/oes436013.htm 4 Earnings projections for UMA graduates in 2021-2022. Salaries for UMA graduates from the group are based on information. Income information is usually obtained through graduate self-reporting and sometimes from the graduate’s employer or other sources. 5 Institute for Labor Statistics. Business Outlook Handbook. Secretaries and Administrative Assistants. How to Become a Secretary or Administrative Assistant https://www.bls.gov/ooh/office-and-administrative-support/secretaries-and-administrative-assistants.htm#tab-4 6 Career Builder. 5 Important Factors in Determining Compensation https://resources.careerbuilder.com/staffing/how-to-build-employee-compensation-programs 7 Bureau of Labor Statistics. Business Outlook Handbook. Secretaries and Administrative Assistants. Job suggestion. https://www.bls.gov/ooh/office-and-administrative-support/secretaries-and-administrative-assistants.htm#tab-6 8 Full-time may vary by student.

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Medical Coding Career Growth: All You Need To Know About Job Opportunities For Medical Coding

Christina DeBusk is a freelance writer who has contributed health and wellness content to health organizations such as the American Chiropractic Association and the International Sports Science Association (ISSA) since 2011. He graduated from Central Michigan University with a bachelor’s degree in sociology with a minor in psychology. . She has also earned Elite Trainer status and several ISSA certifications, including Certified Personal Trainer and Certified Nutritionist. Medical coding salaries range between $50,000 and $90,000, depending on certifications, experience and type of healthcare employer. and type of certificate or degree relevant to executive positions.

Certain certifications, such as Certified Professional Coder (CPC) or Certified Professional Biller (CPB), start earning more money than their counterparts. CPCs and CPBs can earn between $50,000 and $70,000 a year, depending on the position and type of employer.

Other advanced certifications, such as Certified Professional Medical Auditor (CPMA), start at $70,000 and up in most states, and more advanced certifications, such as Certified Professional Coder-Instructor (CPC-I) and Certified Professional Compliance.

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