Medical Coding Salary Determining Factors

Jobs relating to medical coding and billing are seeing a massive growth in number. If you are comfortable using a computer, and are diligent and detailed in your outlook, this can be a career which suits you. Unlike most positions within the healthcare industry, it does not involve direct contact with any patients. Before you email your resume to any employers, you should take a moment to learn about what factors impact upon medical coding salary, this may have a bearing on where you seek employment.

As with all jobs, the more experience that you have, the higher the likelihood there would be of being offered an attractive compensation package. According to official US government figures, those coders with less than a single year’s experience earn a median income of around $27,000. After five years, this figure increases to approximately $36,000, whilst those people with a minimum of ten years experience can expect to take home $40,000 per annum.

The size and prestige of the employer is also an important factor, though not as great as hands on experience. Statistics indicate that there is around a thousand dollars difference in annual income for those people working in institutions with fewer than fifty employees as compared to establishments with more than two hundred personnel.

Whether or not the employer is a public body or private establishment is also an important factor. Government hospitals and health centers pay less than privately run institutions.

Though there is a belief that discrimination does not exist in the workplace today, there are statistics that suggest otherwise. Women hold around 85% of all medical coding jobs, but they are paid around three thousand dollars less than men in the same positions.

Another important consideration is the state. Florida, North Carolina, New York, and California provide the best salaries in the country, whereas Texas is ranked amongst the least attractive.

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Tags: health, Health & Economy, health insurance, medical billing, medical coding, medical insurance, medicine