Medical Billing Pay

The Bureau of Labor Statistics states that the growth outlook for medical billing work looks great and the pay for medical billing and coding work looks just as promising. Although they can not give exact numbers they site new clinics and medical facilities as being part of the reason. Part of the reason is that current professionals in the medical billing and coding industry, with years of experience, are now retiring. Now is the perfect time to seek medical billing work. But what about the pay? The pay for medical billing work, including, insurance coders, medical transcriptionists, etc. is above average, See below for exact numbers on pay and related links.

According to the Bureau of Labor Statistics, the average pay for medical billing work is $31,290 per year, or $15.04 per hour. The low end starts at $20,850, and the high end pay is $51,510. That amounts to $51,000 a year! As you can see, medical billing and billing is lucrative indeed. They break the average pay rates down even further by industry.

Pay for Medical Billing Work
General Medical and Surgical Hospitals -- $35,870
Offices of Physicians -- $28,460
Nursing Care Facilities -- $33,100
Outpatient Care Centers -- $30,650
Federal Executive Branch (OES Designation) -- $45,120

Remember these are averages, those with more experience or more training earn even more. If you are looking for medical billing work, then follow the advice in some of our blog posts. Avoid the scams, develop a good resume, find industry contacts, etc. We hope to post more information soon regarding medical billing and coding work, including the HCFA and icd9 codes used in coding charts. Come visit our blog often!