Clearly, no conversation concerning the medical coding job outlook is total with no mentioning income. We’re content to let you realize that there’s a lot of wonderful news to report concerning the wages.

The Department of Labor tracks wages and salaries for a really massive number of occupations – this consists of medical coding salary and wage data. The newest published Department of Labor statistics recommend that the mean annual income is about $32,000.

The essential factor to keep in mind here will be the term “mean”. There is certainly far additional towards the story. Here is usually a 2007 salary survey taken by the American Academy of Specialist Coders (AAPC). It breaks it down so you may get a superior thought concerning the actual income:

Typical Annual Salary by Position:

Specialist: $30,000 – $35,000

Qualified: $30,000 – $35,000

Manager: $40,000 – $45,000

Medical Billing Manager: $35,000 – $40,000

Audit Specialist: $40,000 – $45,000

Compliance Manager: $55,000 – $60,000

Medical Records Supervisor: $40,000 – $45,000

Administrator: $85,000 +

Here are a number of issues you’ll need to be conscious of in evaluating salary details.

1. Certified Coders normally make seventeen percent extra than non-certified medical coders, according the American Academy of Qualified Coders wage survey.

2. There’s a quite secure career path for professional coders. Salary rises with responsibility and higher certification. Based on the AAPC Salary Survey, a total eight percent of medical coders possessing a specialty credential earned in excess of $85,000 every year.

3. Endurance and practice in this occupation pays off, based on the 2007 AAPC Medical Coding Salary Survey. Men and women with an entry level credential and 1 year or much less of knowledge can earn as much as $30,000 a year. Persons with eighteen or far more years of expertise make almost eighty percent extra: $45,000 – $50,000 annually.