How much does a medical coder make?

How Much Does a Medical Coder Earn?

Medical Coding is one of the fastest-growing career choices, with good pay and a proud reputation about it; hence, everyone entering the healthcare sector is drawn towards this field. The medical coder salary differs with various factors such as experience, certifications, locations, and job roles. Let's put it down to know what influences the income of a medical coder, with a clearer picture.

1. Average Salary of a Medical Coder

Generally, the median medical coder salary ranges between $40,000 and $60,000 depending on various factors across the United States. New coders are paid at a lower end of the above range while experienced professionals with advanced certifications are paid substantially higher.

2. Factors Influencing Salaries

a. Certification and Specialty

Coders with certifications like Certified Professional Coder (CPC) or Certified Coding Specialist (CCS) typically earn higher salaries than those without certification.

Specializing in areas such as oncology, cardiology, or anesthesia can also increase earning potential.

b. Years of Experience

Entry-level coders may earn around $35,000 to $45,000 annually.

With 5+ years of experience, salaries often exceed $55,000, and senior coders may earn upwards of $70,000 or more.

c. Geographic Location

Coders based in cities or states where the demand for health services is higher, such as California or New York, earn more.

Telecoding jobs are also paid competitively depending on the skills possessed and the location of the employer.

d. Industry and Occupation

Medical coders working in hospitals, research facilities, or specialty clinics tend to be paid more than those working in smaller practices.

3. Career Advancement Possibilities

a. Obtaining Higher-Level Certifications

Higher-paying jobs may be accessed through certification in CIC (Certified Inpatient Coder) or CRC (Certified Risk Adjustment Coder).

b. Increased Earning Opportunities

Mastering new software, coding systems or making a shift to auditing and compliance positions can easily increase potential earnings.

c. Freelance and Contract Work

Many seasoned coders seek freelancing, which usually is more lucrative than salaried-employee-based work.

4. More Than Salary Benefits

Medical coders do have perks such as medical health coverage, retirement plans, and telecommuting options. These actually make quite an added value to the total compensation package.

This is a well-paying profession, particularly for those willing to get certifications and develop more skills. Sure, the entry-level salary is an excellent base, but there is a greater margin for growth along the way as you become more experienced and specialize.

Are you interested in starting your journey as a medical coder? Explore top-notch training programs that can set you on the path to success!

Want to learn the course? Click Here and fill out the form.

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