Medical biller salary
Medical biller’s salary in the United States is around $33,812 per annum. The annual salary for the upper 10 percent medical billers is around more than $47,180 per year, while the lower 10 percent of them earn less than $21,320 per year. Based on the type of work setting, the average hourly rate and annual salary for the medical billers is as follows: Medical billers employed at insurance and employee benefit funds earn an average hourly wage and yearly salary of about $20.64 and $42,920 respectively; those employed at office administrative services earn around $16.84 and $35,020 respectively; those working at medical and surgical hospitals earn around $16.52 and $34,350; those employed at management of companies and enterprises department earn about $16.99 per hour and $35,330; and those employed at offices of physicians earn around $16.42 and $34,150 and those working at offices of other health practitioners typically receive $15.55 and $32,340 respectively. Medical biller is very well payed job and that is the reason why medical biller salary is one the highest among the others in healthcare administration.
Medical biller job description
Medical billers, often called as medical records billing technicians are health information professionals who are expertized in billing medical bills, outpatient bills, and reimbursing medical facilities. Medical billers generally work in healthcare centers and institutes such as hospitals, insurance companies, medical clinics and physicians’ offices. Medical billers are well-skilled in preparing the medical invoices for insurance and reimbursement. Medical billers perform the following duties: reviewing patient records, providing information about hospital admission, calculating the medical expenses, submitting insurance claims, answering the patient queries and interacting with the insurance company related queries to settle the claims. An experienced medical biller assists healthcare facilities such as Medicaid, Medicare, and the Health Insurance Portability and Accountability Act (HIPAA). They offer support to the patients’ families by maintaining the confidentiality of their personal health information.
How much does a medical biller make a year ?
Average medical biller salary
Average hourly rate and the annual salary for the medical billers in the United States is around $16.61 per hour and $34,540 per year.
Medical biller salary in USA
An average salary for a medical biller in the United States ranges from between $10.94 – $18.47 per hour which gradually increases by around $1.50 – $27.01 overtime. An average annual salary for a medical biller ranges from between $18,218 – $48,539 per annum and a yearly bonus of around $1,177 will be included. The yearly profit sharing ranges from between $102.13 – $4,894. Therefore, the total annual salary for a medical biller ranges from between $23,317 – $40,650 per annum.
Based on the BLS percentiles, the median hourly wage and yearly salary for 90th percentile medical billers has been around $22.82 per hour and $47,460 per year. Similarly, about 75th percentile of them received $19.05 and $39,630 respectively, 50th percentile of them received around $16.08 and $33,450, 25th percentile of them received $13.25 and $27,560 while 10th percentile received less than $11.24 and $23,380 per year.
Based on years of work experience according to BLS reports, an average hourly wage and yearly salary for a medical biller is as follows: One with less than 1 year work experience earns around $9.84 – $15.46 per hour and $24,585 – $32,000 per year; one with 1 to 4 years of work experience earns from $9.96 – $16.95 per hour and $21,666 – $45,286 per annum; one with 5 to 9 years earns from $11.86 – $18.08 per hour and $23,489 – $47,512 per annum; and one with 10-19 years of experience receives between $12.07 – $19.68 per hour and $27,055 – $45,540 per annum; and one with more than 20 years of work experience earns from between $12.70 – $20.19 per hour and $24,626 – $57,526 per annum.
Medical biller salary by state
According to the BLS, some of the best paying states for the medical billers in the United States include: California $47,470, South West Alaska $41,930, Maryland $41,750, Colorado $41,410, Massachusetts $41,830, Arkansas $41,730, District of Columbia $47,310, New York $40,390, Washington $43,200 and Connecticut $43,270 per annum.
Medical biller salary in UK
The average and median expected salary for a medical biller in the UK is around £33,500 per year and a yearly bonus of about £772 is included as well. The starting hourly wage ranges from £6.09 – £8.22 per hour, which increases to £6.13 – £10.31 overtime. On an average, the median hourly wage for a medical biller in the UK is around £16.75 per hour, while a total pay ranges from between £10,762 – £18,248 per annum. A medical biller’s salary varies based on his or her age such as the one in 20s earns up to £25,125, in 30s earns about £32,830, in 40s and in 50s earns about £38,860 per year.
Medical biller salary in Australia
An average starting hourly wage for a medical biller in Australia ranges from between AU$19.25 per hour and it gradually increases to around AU$21.35 per hour overtime. Therefore, the total annual salary for a medical biller in Australia is around AU$51,000 per annum.
Medical biller salary in New Zealand
The minimum wage for a medical biller in New Zealand is around $13.75 per hour, which averages to a weekly wage of around $550.00 per week. The average salary is around $50,000 per year. In addition, medical billers with minimum work experience earn a yearly income of around $40,000-$50,000 per year, those with 10 years of work experience earn from between $45,000 to $65,000 per annum; while well-experienced medical billers with more than 20 years of work experience earn around $100,000 and $200,000 per annum plus other salary benefits.
Medical biller salary in India
An average salary for a medical biller in India ranges from between Rs 71,760 – Rs 465,398 per year and an average yearly bonus ranges from between Rs 850 – Rs 37,500 per annum. Therefore, the total annual salary for a medical biller in India ranges from between Rs 72,000 – Rs 492,500 per annum.
Medical biller salary in South Africa
The median expected salary for medical billers in South Africa is around R 78,000 (in ZAR) per year and the yearly bonus is around R 7,000 per annum. The maximum salary for a medical biller is around more than 2,040,000 ZAR per year, while an average yearly salary is around 138,683 ZAR per year. The median annual salary is around 102,000 ZAR per year, while a minimum yearly salary for a medical biller is around less than 23,760 ZAR per year.
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How to become a medical biller
To become a medical biller, the candidate should first complete an entry level education by completing GED or high school diploma. An aspiring medical biller should enroll in an accredited medical billing program or online accredited school or university. During the training, one should complete coursework in the following subjects such as basic medical terminology, medical billing, diagnoses and medical coding. In addition, an aspiring medical biller should become familiar with the laws and regulations of their state of employment and the candidate should gain at least 2 years of experience in the field of medical billing or coding. Upon graduating from the medical billing program, one should obtain information from the Medical Association of Billers (MAB) to schedule the certification exam, the Certified Medical Billing Specialist (CMBS) examination. The American Medical Billing Association officially administers the Certified Medical Reimbursement Specialist Exam. The candidate should learn the information as provided by the MAB and complete the CMBS exam. Upon successful completion of exam, one can become a certified medical billing specialist.
Conclusion about medical biller salary
According to the U.S. Bureau of Labor Statistics, the average hourly wage and annual mean salary earned by a medical biller is around $15.05 per hour and $31,310 per annum respectively.