Medical Coding Salary 2021, Description, Benefits and Job Openings

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– Medical Coding Salary –

The only way to know how much is the medical coding salary is here. You’ll know everything you need to know about it. You’re in the right place. Go through this article and I will show you all the details and things you need to know. These guys make real money and without being told, you won’t know about it!

Medical Coding Salary Medical Coding Salary

What is Medical Coding? 

We know the conversion of medical records into a format utilised in the healthcare business as medical coding.

This also aids in the distillation of often time-consuming medical reports into concise, data-friendly codes.

Medical coders are the people in charge of converting doctors’ reports into useable medical codes.

These specialists work in several situations behind the scenes, ensuring that they handled correctly all essential information to ensure consistency and accuracy.

The insurance company has to know what a medical practitioner did after they evaluate or treat a patient in order to process the bill.

Common language does not provide the insurance company with the precise information it requires.

In a rapidly expanding medical industry, medical coding is in high demand. They do, however, require qualified professionals in offices, practices, and hospitals all around the United States.

A medical coder serves as a vital link between a patient’s doctor and the billing and insurance processes in the healthcare industry.

What Medical Coders Do?

Medical coders and billers deal with a variety of services and claims regularly, and medical codes must detail the whole patient’s visit to the doctor.

However, in order to receive reimbursement for given services, it must be as specific as possible. A medical coder’s primary responsibility is to examine clinical statements and assign conventional medical coding salary codes.

As a result, the coder must also review the patient’s medical record, including transcriptions of doctor’s notes, requested image studies, and laboratory test orders. To show the job that they accomplished.

Three Types of Code You’ll Have to Know

There are three sets of code you’ll use daily as a medical coder and what they do.

1. International Classification of Diseases, ICD

These are diagnostic codes that provide a standardised way of describing the causes of injury, disease, and death.

This code dates from the late 1940s and comes from the World Health Organization (WHO). In the 60 years since it was first published, I’ve changed it multiple times.

The number after “ICD” shows which revision of the code is currently in use.

The ICD-10-CM code, for example, is currently in use in the United States. This shows that the ICD code is in its tenth revision.

Also, “clinical modification by the “-CM at the end. The International Classification of Diseases, Tenth Revision, Clinical Modification is the technical name for this code.

In addition, the ICD-10 code comprises 14,000 codes, which gives you a sense of how significant clinical modification is. ICD-10-CM, its clinical modification, has nearly 68,000 codes.

The ICD codes are used to describe a doctor’s diagnosis and the condition of a patient. These codes are used to establish medical necessity during the billing process.

Coders must ensure that the procedure they’re billing for is compatible with the diagnosis. To return to our strep throat example, if a coder claimed strep throat as the medical rationale for an x-ray, the claim would certainly not be.

2. Current Procedure Terminology, CPT,

Most medical operations conducted in a doctor’s office use codes. They published the American Medical Association (AMA) maintained the code.

These codes by the American Medical Association (AMA) and annually.

CPT codes are numeric numbers with five digits that are separated into three groups. The first type is the most common, and they divide it into six categories.

These ranges represent six important medical areas. Anesthesia, surgery, radiology, pathology and laboratory, and medicine are some specialities available.

CPT codes in the second category related to performance evaluations and, sometimes, laboratory or radiology test findings.

Also, add a hyphen to the end of a Category I CPT code with these five-digit alphanumeric codes.

They should not use category II codes and in place of Category I code. Other physicians and health professionals will benefit from these codes, and the American Medical Association expects a decrease in Category II codes.

However, by providing more, and more accurate, information on performing health professionals and health facilities, the administrative burden on physicians’ offices can.

It represented emerging medical technology by the third category of CPT codes.

The first two categories will occupy most of your time as a coder, though the first will probably be more common.

CPT codes also have an addendum that improves the code’s specificity and correctness. The American Medical Association (AMA) has created a series of CPT modifiers because many medical procedures require better data than the basic Category I CPT code provides.

These are two-digit numeric or alphanumeric codes that go after the CPT code for Category I. CPT modifiers add value to the procedure code by providing additional information.

However, there is a CPT modifier that specifies it performed which side of the body a procedure on, and there is also a CPT modifier that specifies they performed which side of the body a procedure on a code for a discontinued procedure

3. Healthcare Common Procedure Coding System (HCPCS),

The term “hick picks” refers to a group of codes based on CPT codes.

Developed by the CMS (the same organisation that developed CPT), and maintained by the AMA, HCPCS codes primarily correspond to services, procedures, and equipment not covered by CPT codes.

Also, this includes durable medical equipment, prosthetics, ambulance rides, and certain drugs and medicines.

HCPCS is also the official code set for outpatient hospital care, chemotherapy drugs, Medicaid, and Medicare, among other services.

Since it involved HCPCS codes in Medicaid and Medicare, it’s one of the most important codes a medical coder can use.

They divided the HCPCS code set into two levels. The first of these levels is identical to the CPT codes we covered earlier.

Level II is a set of alphanumeric codes that is divided into 17 sections, each based on an area of specificity, like Medical and Laboratory or Rehabilitative Services.

Like CPT codes, each HCPCS code should correspond with a diagnostic code that justifies the medical procedure.

However, it’s the coder’s responsibility to make sure whatever outpatient procedure they detail in the doctor’s report makes sense with the listed diagnosis, typically described via an ICD code.

Now that you’ve got a better idea of what each of these codes is and what they do, let’s explore each code set in a little more detail on how the medical coding salary.

Is a Career as a Medical Coder Right for Fou?

Medical Coding Salary Medical Coding Salary

Medical coding is two of the fastest-growing careers in the medical field that don’t require a medical degree.

Meanwhile, both can be great jobs to have. You might wonder if becoming a medical biller and coder is right for you. Check out what a medical coder does, and if it feels like a good fit.

While both medical billing and medical coding are careers that are in healthcare administration, the roles of each are vastly different.

Medical coders assist physicians in translating patient care into CPT (current procedural terminology) codes. Their major aim, however, is to ensure that they supplied medical services to a patient.

However, a medical biller works with the codes a medical coder provides and creates a claim for billing and insurance purposes.

Also, they make sure that the hospital, physician’s office, or medical establishment gets the highest reimbursement possible for an insurance claim.

They have to understand how insurance companies work and determine claims.

In some offices, they choose to hire one person to cover both positions, but in some locations, the medical biller and medical coder are unique positions. And the medical coding salary is also unique as well.

Benefits of Working as a Medical Biller or Medical Coder

There is a high demand in the medical field for experienced medical billers and medical coders.

However, that means that once you go through a quick certification and training course, you can quickly find a job that works for you.

These jobs are also great because, with very little training, you can earn a high hourly as a medical coding salary is high.

What is it Like to be a Medical Coder?

A medical coder reviews a patient’s medical records from the physician or doctor and then assigns codes to diagnoses and procedures performed.

Also, this requires knowledge of medical procedures and practices and puts a medical coder in direct contact with doctors and physicians.

What are the Requirements to Become a Medical Coder?

They do not require a medical degree as part of this career, but almost all employers required or preferred a training certificate.

There are a variety of schools and programs that provide ways for you to become certified as a medical coder, each with a unique set of requirements for both time and money.

CareerStep’s online medical coding and billing program are to be completed in only four months of full-time study.

Also, we know you might not dedicate a full-time schedule to study, so we allow you to finish the program at your own pace, up to 12 months.

To get into a certification program, you will need a high school diploma or a GED equivalency. Because the insurance and medical fields are constantly growing and adapting to new research, treatments, and legal requirements, there is a constant need to keep updated in medical coding.

There are ongoing training and education requirements to make sure that you stay trained and up to date.

Where do Most Medical Coders Work?

Most medical coders work as part of the administrative face of clinics, hospitals, billing offices, or occasionally at home.

Depending on the standards of the office that they work for, it might require medical coders to wear scrubs or business professional outfits.

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How to Become a Medical Coder

Medical Coding Salary Medical Coding Salary

Medical coding is not for everyone, although they can start it with as little as a year of university education.

However, Medical coding requires a detail-oriented approach and a specialised technical skill set.
Medical coding is not for everyone, although they can start it with as little as a year of university education.

Between 2019 and 2029, there is to be an 8 percent rise in openings nationally, which is much faster than the average for all occupations during the same timeframe (4 percent).

Although medical coders can begin their careers with as little as a year of a university degree, it is not a vocation for everyone.

Medical coders must be familiar with coding systems such as the International Classification of Diseases (ICD), Current Procedural Terminology (CPT), and the Healthcare Common Procedure Code (HCPC).

Even after their preliminary education was complete, they presented medical coders with a series of professional credential opportunities that can distinguish a coder from the pack and kick start their career.

Also, the many continuing education requirements for recertification of those credentials mean the journey is winding, and never complete.

Medical coders must have a wide range of professional abilities besides qualification credentials in order to conduct their work properly.

Medical coders must be analytical and detail-oriented besides being able to take data of a patient medical data with physicians and hospital administrative personnel.

And while state licensure of specialised medical coders working in oncology may earn a Certified Tumour Registrar (CTR) credential to work in the cancer registry field.

However, to know and learn the step-by-step process of becoming a medical coder.

1. Postsecondary Education (One to Four Years)

After graduating from high school, aspiring medical coders have three main options for their undergraduate education: a certificate program, an associate’s degree, or a bachelor’s degree.

A certificate program is the quickest route to working in the field, as most take less than a year to complete.

These programs of study cover the basics of disease processes, treatment procedures, terminology, body systems, and basic coding in ICD-10.

However, students will also gain proficiency in medical office software, billing procedures, and regulatory compliance.

They designed the curriculum of these programs to prepare students for immediate employment and to take official credentialing exams.

An associate’s degree in an area like healthcare administration or health information management provides a reliable and adaptable option for aspiring medical coders.

Besides the medical coding basics covered in a certificate program, students receive a well-rounded liberal arts education that improves their writing, speaking, and critical thinking skills.

While an associate’s degree takes longer than a certificate to complete (about two years), employers may be keener to hire applicants with official degrees on their resumes.

An associate’s degree can also easily towards a bachelor’s degree program, should graduates decide to pursue further education in healthcare.

A bachelor’s degree in healthcare administration or health information management is a longer but more complete path to working in medical coding.

Besides the soft skills taught in the associate’s degree, certificate programs provide a solid understanding of medical coding. However, the medical coding salary is higher even if you’re working from home.

However, the bachelor’s degree offers exposure to the broader and more nuanced concepts in healthcare management.

Also, graduates learn about human resources, health policy, legislative compliance, data analytics, and project management.

Although most bachelor’s degrees take four years to complete, medical coders who choose this route are not only at the top of the hiring list for employers.

They are also more likely to take on leadership roles and earn higher salaries.

No matter which pathway one takes to gain their prerequisite education in medical coding, it is essential that the educational institution.

Program-specific accreditation is available through the American Health Informatics Management Association (AHIMA).

However, the Commission on Accreditation for Health Informatics and Information Management Education (CAHIIM), and the American Association of Professional Coders (AAPC).

2. Earn Preliminary Credentialing (Six Months):

Almost all medical coding education programs educate graduates for two basic credentialing examinations, which they can take right away. Both were available through AHIMA.

The first option is to get a Certified Coding Associate (CCA) credential, which is a nationally recognised standard of achievement in health information management.

Also, the AHIMA recommends six months of work experience before taking this exam but does not require applicants to have any if they have completed an AHIMA-approved or otherwise comprehensive medical coding education program.

The credentialing exam comprises 90 to 115 multiple-choice questions that test for fundamental competency, commitment, and capability across both hospital and physician-based practices.

However, the application fee is $199 for AHIMA members and $299 for non-members. The CCA credential can distinguish a medical coder and help them secure better job prospects and the higher salaries that go with them.

The second option is to earn the Registered Health Information Technician (RHIT) credential.

Meanwhile, this certification also does not require work experience. It calls for at least an associate-level education in health information management from a CAHIIM-accredited program.

The 3.5-hour credentialing exam comprises 130-160 multiple-choice questions that measure competency in ensuring the quality of medical records, using computer applications.

Therefore, to assemble and analyze patient data, and specialising in coding diagnoses and procedures in patient records for reimbursement and research.

Also, it costs $229 for AHIMA members and $299 for non-members. Like the CCA, achieving the RHIT credential can improve job placement and salary earnings.

3. Get Work Experience (One to Two Years)

It’s time for new medical coders to step into the workplace and work after earning their certificate or degree.

To find work, professionals should use the resources available to them in school and within their peer network.

Joining a professional organisation, such as the AHIMA or the AAPC, might also open up job prospects and career preparation resources.

Work experience allows young professionals to determine their preferred work setting in a hospital or physician practise setting, which will assist them in choosing additional professional credentials.

4. Earn Additional Credentials (One to Two Years)

After a medical coder has gained some work experience, further professional credentials from AHIMA become available, such as the Certified Coding Specialist (CCS) or the Certified Coding Specialist Physician-Based (CCS-P) certifications.

The CCS credential is for coders who are skilled in classifying patients’ medical data, primarily in a hospital setting.

However, it not only tests for knowledge of terminology, disease processes, and pharmacology, but also for expertise in ICD-10-CM and CPT/HCPCS coding systems.

The CCS-P credential denotes a medical coder as specialises in physician-based settings. The CCS-P exam tests for competency in ICD-10-CM, HCPCS Level II, and CPT coding systems testing for mastery-level understanding rather than entry-level skills.

However, for both credentials, the corresponding exam comprises 115-140 multiple-choice questions and eight medical scenarios that require candidates to pick from a range of medical codes.

Both exams require either two years of work experience or one year of work experience plus a secondary credential.

However, work experience requirement exceptions exist for candidates who already hold an RHIT credential. Each exam has an application fee of $299 for AHIMA members and $399 for non-members.

 5. Pursue Continuing Education (Ongoing)

The credentials earned in steps two and four are not eternally valid. To maintain a standard of excellence, AHIMA requires medical coders to recertify every two years.

Over the course of each recertification cycle, those with a CCA, CCS, or CCS-P must complete 20 continuing education units (CEUs) and two annual coding self-reviews (each worth five CE

Medical coders that hold an RHIT certification only need to complete 20 CEUs. Every two years, persons with two AHIMA certifications must complete 30 CEUs.

Continuing education activities can come as AHIMA meetings, formal educational programs, talismans, delivered presentations, published academic work, independent study, and more. A full list is available in AHIMA’s recertification guide.

Is Medical Coding Difficult?

There’s no disputing that working in healthcare may be challenging. Healthcare experts try to comprehend, analyze, and diagnose disorders in the human body, which is complex.

Even if you don’t deal directly with patients, a career as a health information technician (HIT) causes a thorough awareness of the many codes allocated to various medical diagnoses.

Those HIT careers, despite their reputation for being difficult, sound intriguing. If you’re looking for a high-demand career that you can start without a bachelor’s degree, medical coding might be the right fit for you.

However, you can’t help but question if medical coding is difficult.

Learning the ropes as a medical coder isn’t easy, but it doesn’t mean it’s impossible. We asked industry experts to provide their insights into understanding medical coding.

So, before we go into detail about their experience, let’s first define medical coding and why it’s important.

Medical coders have a lot of responsibility, and learning a lot of medical codes seems difficult.

However, there’s no need to be concerned! Medical coding isn’t as difficult as it appears at first.

Bonnie Moore, the RHIT and HIT program coordinator at Rasmussen University add, “It’s like learning a foreign language.”

That there are three major coding systems, each of which is distinct, makes it challenging. So you’re studying three different languages.

It takes some work to learn a new language, but it is not impossible. Meredith Kroll, a clinic coder at Ridgeview Medical Centre, believes the most difficult aspects of her path to learning medical coding was crucial to her professional success.

I believe my current job is easier than my coding education, showing that it adequately prepared me for my alternative employment.

New medical coders should keep trying and asking questions about anything that makes little sense, according to Kroll.

She predicts it will all come together in the end.

“I was grateful for all the questions I had asked during my study once I started working as a coder.”

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How Much Does a Medical Coder Make Per Month or Per Hour?

The average hourly compensation for a Medical Coder in the United States is $21.52 per hour as of November 10, 2021.

Medical Coder earnings presently range from $17.07 (25th percentile) to $24.04 (75th percentile) across the United States, with hourly wages as high as $32.45 and as low as $11.30.

The typical pay range for a Medical Coder ranges (by as much as $6.97), implying that there may be several prospects for development and improved income dependent on skill level, location, and years of experience.

According to recent job posting activity on ZipRecruiter, the Medical Coder employment market in Uyo, NG, and throughout the state is not very active at the moment, since few organisations are hiring.

A Medical Coder in your area earns $22 per hour on average, which is the same as the national average hourly wage of $21.52. Medical coding salaries are the highest in the country, ranking first out of 50 states.

To calculate the most accurate hourly salary range for Medical Coder positions, the company constantly analyses its database of millions of active jobs posted locally around the United States. Still on the medical coding salary.

States that Pay the Highest Medical Coder Salary

Medical coders appear to be increasing in popularity across the United States. However, working conditions and demand for medical coders vary across the United States.

Salaries for medical billers and coders depend on several factors. Education, certification, experience, location and employer can all affect earnings.

On average, annual earnings are between about $35,000 and $50,000, although wage estimates vary depending on the source.

The Bureau of Labor Statistics, for example, reports a median annual medical coding income of $37,110 for medical records and health information technologists in the United States in 2015, which includes coders.

According to the AAPC, member incomes in 2014 averaged $50,775 per person. According to PayScale, the typical yearly compensation for medical coders is $38,463 and for medical billers is $35,139.

Medical record and health information technologists, as well as medical and health service managers, are rising at a greater rate than the national average for all occupations, at 15% and 17%, respectively. (BLS),

In 2020, these are the best states for medical coding salary:

State Average Salary Average Regional Salary Regional Details Alabama $49,881 $24.72 Alabama Salary Information Alaska $59,579 $28.64 Alaska Salary Information Arizona $55,785 $26.82 Arizona Salary Information Arkansas $50,520 $25.03 Arkansas Salary Information California $68,698 $33.03 California Salary Information Colorado $60,162 $28.92 Colorado Salary Information Connecticut $59,968 $29.72 Connecticut Salary Information Delaware $55,049 $26.47 Delaware Salary Information District of Columbia, $66,053 $31.76 District of Columbia Salary Information Florida $54,231 $26.67 Florida Salary Information Georgia $52,804 $25.39 Georgia Salary Information Hawaii $60,980 $29.32 Hawaii Salary Information Idaho $51,375 $25.46 Idaho Salary Information Illinois $55,210 $26.54 Illinois Salary Information Indiana $51,741 $24.88 Indiana Salary Information Iowa $52,152 $25.84 Iowa Salary Information Kansas $53,271 $25.61 Kansas Salary Information Kentucky $51,413 $24.72 Kentucky Salary Information Louisiana $49,839 $24.70 Louisiana Salary Information Maine $54,003 $25.96 Maine Salary Information Maryland $59,486 $28.60 Maryland Salary Information Massachusetts $62,148 $30.80 Massachusetts Salary Information Michigan $52,692 $25.33 Michigan Salary Information Minnesota $57,379 $27.59 Minnesota Salary Information Mississippi $46,524 $23.05 Mississippi Salary Information Missouri $54,170 $26.04 Missouri Salary Information Montana $47,736 $22.95 Montana Salary Information Nebraska $54,003 $26.76 Nebraska Salary Information Nevada $53,898 $25.91 Nevada Salary Information New Hampshire $57,957 $27.86 New Hampshire Salary Information New Jersey $63,270 $31.35 New Jersey Salary Information New Mexico $52,646 $25.31 New Mexico Salary Information New York $61,436 $29.54 New York Salary Information North Carolina $55,352 $27.43 North Carolina Salary Information North Dakota, $54,792 $26.34 North Dakota Salary Information Ohio $52,844 $25.41 Ohio Salary Information Oklahoma $50,662 $25.11 Oklahoma Salary Information Oregon $55,285 $26.58 Oregon Salary Information Pennsylvania $53,457 $25.70 Pennsylvania Salary Information Rhode Island $55,761 $27.63 Rhode Island Salary Information South Carolina $50,610 $24.33 South Carolina Salary Information South Dakota $51,653 $24.83 South Dakota Salary Information Tennessee $54,732 $27.12 Tennessee Salary Information Texas $57,802 $27.79 Texas Salary Information U.S. Territory $40,298 $19.37 U.S. Territory Salary Information Utah $55,966 $27.73 Utah Salary Information Vermont $52,967 $25.46 Vermont Salary Information Virginia $52,001 $25.00 Virginia Salary Information Washington $57,063 $28.28 Washington Salary Information West Virginia $47,553 $22.86 West Virginia Salary Information Wisconsin $55,979 $26.91 Wisconsin Salary Information Wyoming $54,667 $27.09 Wyoming Salary Information Cities Where Medical Coders Make the Most Money

Besides state salaries, it’s also important to consider how salaries vary by city. The five metropolitan areas with the highest annual mean salaries for medical coding salary and billing, according to the U.S. Bureau of Labor Statistics, check out the list below.

City Annual Salary Monthly Pay Weekly Pay Hourly Wage San Mateo, CA $53,644 $4,470 $1,032 $25.79 Boston, MA, $52,794 $4,400 $1,015 $25.38 Santa Monica, CA $52,107 $4,342 $1,002 $25.05 Renton, WA $51,938 $4,328 $999 $24.97 Berkeley, CA $51,713 $4,309 $994 $24.86 Daly City, CA $51,568 $4,297 $992 $24.79 Lowell, MA, $51,114 $4,259 $983 $24.57 Richmond, CA $50,449 $4,204 $970 $24.25 Newark, NJ $50,316 $4,193 $968 $24.19 Springfield, MA, $49,978 $4,165 $961 $24.03 How Much Do Medical Coders Make Working from Home?

A medical coder earns an average of 44,772 dollars per year, according to ZipRecruiter.

In addition, assuming a full forty-hour workweek, the medical coding wage is around 22 dollars per hour. Positions might pay as little as 23,500 dollars per year to 67,500 dollars per year.

Medical coders earn between the 25th and 75th percentiles, with wages ranging from 35,500 to 50,000 dollars per year.

Your earnings are determined by several criteria, including your education, work experience, and competence, among others.

According to ZipRecruiter, the average annual salary for a work-at-home medical coder is $51,000.

This is greater than the national average for all medical coders. However, some high incomes may skew the average higher, according to the data.

However, the largest group of work-at-home medical coders (which accounts for 30% of all work-at-home coders) earns between $25,000 and $33,500 per year.

Where Can a Medical Coder Make the Most Money?

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