Medical billing & coding is a lucrative career option for people who are determined to it. The professionals get handsome salary and opportunities galore to brighten their future prospects. The employ-ability of medical records technicians and technicians hired for health information which involves, medical billing and coding is anticipated to have a growth rate of 22% between 2012 and 2022, as stated by U.S. Bureau of Labor Statistics.
Career growth in these profiles is stupendous with mouth watering offers for those, who are proficient in technology and have an expertise in computer software. Now how much does a medical billing and coding specialists make can be accessed through BLS which reveals the average median salary of $34,160 in May 2012. There are reports which suggest that, the medical billing and coding specialists who have gone extra mile to attain credentials get heavier and hefty pay packages. The survey conducted by The American Academy of Professionals Coders in 2011 states that the coders who have successfully achieved Certified Coder Specialist (CPC) credential have an edge over their rivals and their annual salary is estimated to be $46,800 as mentioned by the AAPC website. It was also disclosed that there was an increase of $1,400 from the previous year.
However credentials play a pivotal role in accelerating the growth and salaries of coders but at the same time How much does a medical billing and coding specialists make is also attributed to the place where they reside in U.S. The coders who live in the areas where cost of living is high are paid more in comparison with those who are the locations where cost of living is not much higher. The second major aspect which determines the salary of a coder is, experience, kind of employer and the number of hours given by the coder in a week. The medical coders who are open to learning and have leadership qualities qualify to be recruited in supervisory roles or become a part of the management team. According to the BLS website, medical & health services managers got a median annual salary of $88,580 dollars in May 2012. The booming career options in this field are high because there is a steep demand of professionals in health care. Health care is already vast & is predicted to accentuate due to the aging of U.S. population.
Health care industry is a game of demand and supply. With an exponential growth in health care services there is an urgent need of medical billers and coder who are responsible for assigning a specific code to a specific diagnosis and manage reimbursement within physician office, hospitals and other medical centers. For more information we recommend this site: http://healthcareerexplorer.com/salaries/medical-billing-and-coding/