Average medical coder’s salary in the United States is around $45,693 per annum. The annual salary for the upper 10 percent medical coders is around more than $53,430 per year, while the lower 10 percent of them earn less than $21,240 per year. Based on the type of work setting, the average hourly rate and annual salary for medical coders is as follows: Medical coders employed at home healthcare services earn an average hourly wage and yearly salary of about $17.04 and $35,440 respectively; those employed at offices of physicians earn around $15.04 and $31,290 respectively; those working at medical and surgical hospitals earn around $18.68 and $38,860; those employed at nursing care facilities earn about $16.86 and $35,060; those employed at pharmaceutical and medicine manufacturing facilities earn about $31.76 and $66,060; those employed at insurance and employee benefit funds earn about $24.92 and $51,840; those employed at scientific research and development services earn about $23.11 and $48,060; and those employed at out-patient care centers earn around $16.77 and $34,890 and those working at specialty hospitals typically receive $19.33 and $40,210 respectively. Medical coder salary is one of the highest in healthcare administration.
Medical coder job description
Medical coders, also known as medical records and health information technicians work with the physicians and hospital team members. They organize and maintain health information data by ensuring its accuracy, quality, accessibility, and security in both electronic and paper systems. They categorize patient information according o the code by using different code classification systems. The codes vary for databases, insurance reimbursements, registries, and medical treatments. Medical coders maintain the medical and treatment histories of patients. The duties of medical coders include preparing documents related to patients’ medical data, including the symptoms, medical history, treatments, diagnosis and test results. They transfer health information to other healthcare provider services. Medical coders are responsible for the following duties: reviewing the patient records; managing the registries and clinical coding databases; tracking the patient’s results; utilizing classification software to appropriately distribute the clinical codes for data analysis and reimbursement; recording the data electronically; maintaining the data security and protecting the confidentiality of health information and treatment; assigning the ICD-9 or CPT-4 codes to the health records based on the type of procedures; and confirming the DRG assignments.
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How much does a medical coder make ?
Average medical coder salary
An average hourly rate and the annual salary for the medical coders in the United States is around $17.68 per hour and $36,770 per year.
Medical coder salary in USA
An average starting hourly wage for a medical coder in the United States ranges from between $10.97 – $23.07 per hour which gradually increases from $8.23 – $35.58 overtime. An average yearly bonus for a medical coder is around $1,016 will be included. The yearly profit sharing ranges from between $350.00 – $4,875 per year. Therefore, the total annual salary for a medical coder ranges from between $23,124 – $50,789 per annum.
Based on the BLS percentiles, the median hourly wage and yearly salary for 90th percentile medical coders has been around $27.02 per hour and $56,200 per year. Similarly, about 75th percentile of them received $21.33 and $44,360 respectively, 50th percentile of them received around $16.42 and $34,160, 25th percentile of them received $12.94 and $26,920 while 10th percentile received less than $10.70 and $22,250 per year.
Based on years of work experience according to BLS reports, an average hourly wage and yearly salary for a medical coder is as follows: One with less than 1 year work experience earns around $8.85 – $17.45 per hour and $26,179 – $49,833 per year; one with 1 to 4 years of work experience earns from $10.76 – $20.27 per hour and $25,026 – $45,926 per annum; one with 5 to 9 years earns from $12.49 – $24.32 per hour and $22,669 – $55,687 per annum; and one with 10-19 years of experience receives between $13.40 – $25.67 per hour and $29,993 – $63,616 per annum; and one with more than 20 years of work experience earns from between $12.72 – $29.66 per hour and $30,968 – $63,643 per annum.
Medical coder salary by state
According to the BLS, some of the best paying states for the medical coders in the United States include: California $50,150, Connecticut $46,650, Michigan $46,520, Colorado $46,480, Hawaii $42,500, District of Columbia $45,500, New Jersey $58,010, New Hampshire $42,240, Maryland $47,450, New York $44,300, Texas $40,140, Massachusetts $43,540 and Washington $42,630 per annum.
Certified medical coder salary
An average starting hourly wage for a certified medical coder in the United States ranges from between $11.69 – $21.96 per hour which gradually increases from $15.72 – $32.88 overtime. The starting salary for a certified medical coder ranges from $24,658 – $40,547 while an experienced certified medical coder earns more than $26,962 – $86,127 per year. An average yearly bonus for a certified medical coder is around $1,546 per annum and the total annual salary for a certified medical coder ranges from between $24,805 – $50,443 per annum.
Medical coder salary in UK
The average and median expected salaries for a medical coder based in UK is around £25,789 per annum respectively. The average hourly wage for a medical coder in the UK is £12.89 per hour. A medical coder’s salary varies based on the age such as the one in 20s earns up to £19,342, in 30s earns about £25,274, in 40s and in 50s earns about £29,916 per year.
Medical coder salary in Canada
It is a known fact that the salary medical coders basically depends upon the area of expertise in the medical field. The median, estimated salary for a medical coder in Canada is around C$45,000 per year, whereas, the medical coder that has specialized in the field of medical billing can earn more than C$ 60,000 per annum.
Medical coder salary in Australia
On an average, the medical coders based in Australia receive a median yearly salary ranging from between AU$52,239 per year. In addition, the total annual pay for a medical coder in Australia ranges from between AU$47,424 – AU$70,463 per annum. An average starting hourly wage for a medical coder in Australia ranges from between AU$13.04 – AU$19.36 per hour, which gradually increases from AU$17.74 – AU$30.01 overtime. The annual profit sharing for a medical coder ranges from AU$350 to AU$4,875 and the total annual salary for a medical coder ranges from between AU$27,935 – AU$42,258 per annum.
Medical coder salary in India
On an average, a medical coder in India receives an average yearly salary ranging from between INR 93,876 – INR 300,303 per year. In addition, a yearly bonus of about INR 19,315 will be credited to his or her account. The annual profit sharing ranges from between INR 983 – INR 177,021 per year. In fact, a medical coder in India receives his or her total earnings ranging between INR 94,313 – INR 369,728 per annum.
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How to become a medical coder
To become a medical coder, the candidate should first complete an entry level education of GED or high school diploma in courses such as math, computer science, health, and biology. One should then complete a two year Associate’s degree and gain minimum 2 years of experience in medical coding or records in CPT and ICD coding systems. One can also complete a Postsecondary certificate as well. Ensure that an associate’s degree program in health information technology is fully accredited. The program typically focuses on the subjects such as anatomy and physiology, medical terminology, classification and coding systems, health data requirements and standards, healthcare statistics, healthcare reimbursement methods, and computer systems. Upon successful completion of an accredited health information technology program, one qualifies for a state board exam. Several organizations offer certificates for medical coders upon completion of an exam, Certified Professional Coder exam officially conducted by the AAPC. One should gain enough experience in medical coding before obtaining certifications such as the Certified Tumor Registrar (CTR) and Registered Health Information Technician (RHIT).
Conclusion about medical coder salary
According to the U.S. Bureau of Labor Statistics, the average hourly wage and annual mean salary earned by the medical coders is around $15.55 per hour and $32,350 per annum respectively.