There are many professions in the medical field that are necessary to keep the engine going. One of those is medical billing and coding, and while it m=may not pay as high as a doctor or nurse, it can still provide a comfortable living for anyone considering this position.
The salary of a medical biller and coder can be directly influenced by quite a few factors. The education one has, going into the career, as well as training, contributes a great amount in income levels and benefits. The per-hour pay of the medical biller and coder can vary from each establishment, but usual ranges are between $12.00 per hour to $20.00 per hour.
The key thing here is the fact that, while it is relatively easy to secure employment with standard medical organizations, for established salary thresholds, one way of substantially increasing your income is to create your own business and negotiate higher contract rates with businesses who are willing to pay.
As noted at medicalbillingandcodings.com, geographic location plays another big contributor in salary ranges. If one works where there is a high cost of living, as in a city location, the salaries are usually competitive. Most studies have referenced that the medical biller and coder can expect between $30,000 and $60,000 annually.
The individual, who continually invests in their future and educates themselves on any new coding procedure changes, as well as, certain seminars to promote the further education of billers and coders, would be recognized with salary and benefit compensation.
Enjoying Your Work
It is important that people engage in work that brings them fulfillment, medical billing and coding can do that. To work at a job everyday, and experience emotional fulfillment is ideal, when choosing careers. Many people find that the job that they are performing in billing and coding, being that it has great effects on the office, that they pride themselves in what they can contribute.
The work that is done on a daily basis can include bookkeeping and interpreting the codes written by the doctor, procedural coding, software billing, patient and insurance phone calls, just to name a few.
There can be other duties and responsibilities that one may be asked to fulfill, especially as an office becomes busy. But, keep in mind that the main focus of the work involved for a medical biller and coder, would be to work closely with the patient charts once the doctor has finished with his notes, to assure that payments can be received for the work they have been billed for.