Many work-at-home medical billing specialists work as independent contractors.

Coders and billers can earn higher pay by continuing to train and specialize in areas like psychiatry, oncology, or rheumatology. On average, medical coders earn $21.20 per hour with an average salary of around $44,090 annually. Due to this growth, income and opportunities for medical billing and coding specialists are steadily increasing. Medical billers and coders are in demand! According to the US Bureau of Labor Statistics, the need for medical records and health information specialists is projected to grow at a rate of 8% in the next ten years. How Much Do Medical Coders and Billers Earn? Medical billing specialists help prevent fraud, waste, abuse, and errors within the medical industry by ensuring patients and insurance companies are invoiced correctly. Medical billers and coders must keep up with ever-changing codes and evolving information in the healthcare industry. Some coders check for accuracy and overlapping codes, while others focus on insurance regulations and billing requirements. Your job as a medical coder and biller is to review the charting done by the doctor, nurse, or medical specialist and ensure that it goes onto a “bill” or form submitted to insurance companies for reimbursement. This universal numeric language ensures that doctors, healthcare providers, and insurance companies use consistent terminology and codes. Each diagnosis is also coded with the “International Classification of Diseases and Related Health Problems” or ICD-10 code. These numeric codes are called “Current Procedural Terminology” or CPT codes.

Physical exams, lab tests, procedures, and treatments are all assigned a code. What is Medical Coding and Billing?Įvery time a doctor interacts with a patient, a code is assigned to their action. While experience in the medical field isn’t required, if you’ve worked in healthcare before, becoming a coding and billing specialist is a great way to apply your skills and knowledge with the flexibility of working from home. Fortunately, certification is possible in a matter of 4-12 months with online training available. Most employers require billers to obtain a professional coding certification.

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