In the healthcare field today, medical billers are essential. They make sure that medical services get billed correctly and on time. If you’re considering becoming a medical biller, you might wonder how much is the salary of a medical biller or how much money you can make in this job. In this blog post, we’ll talk about how much a medical biller gets paid and other important things about this job.
What does a Medical Biller do?
Now, let’s talk about what a medical biller does before we get into how much they get paid. Medical billers have an essential job—they turn medical procedures and services into special codes. They work closely with doctors, insurance companies, and patients to ensure everything is billed correctly and payments come on time.
These folks are good at using special codes like ICD and CPT for medical stuff. They also know much about insurance and the rules for billing and getting the pay.
How much do Medical Billers make?
How much money a medical biller makes can change based on where they work, their experience, and the kind of healthcare place they’re in. Let’s break it down:
- According to the U.S. Bureau of Labor Statistics (BLS), the median annual pay for people in jobs like medical billers was $44,090 in May 2020. But remember, this is for the whole group, not just medical billers.
- New medical billers start with around $30,000 to $35,000 yearly. If they get more experience and certifications, they could make between $40,000 to $60,000 or even more.
- Where you live matters, too. If you’re in a big city like New York or Los Angeles, where things cost more, you might get paid more. People in rural areas might need to make a bit more.
- The type of healthcare place also makes a difference. If you’re in a big hospital or healthcare group, you might make more money than working in a minor clinic or doctor’s office.
Remember, these numbers are just estimates. Your pay could differ based on things like how much you studied, any special certifications, and other skills you bring to the job.
Becoming a Medical Biller
If you want to be a medical biller, here’s how you can start:
- Education: Finish high school or get a certificate or associate degree for better job chances.
- Training: After school, learn the job by doing it. Work as an intern, get on-the-job training or join programs to gain practical experience.
- Certification: It’s unnecessary, but a Certified Professional Biller (CPB) certificate from the American Academy of Professional Coders (AAPC) can show you know your stuff.
- Experience: Begin in beginner jobs to get experience. The more you work, the better opportunities you’ll have.
- Learning More: Keep up with what’s happening in the industry by attending workshops, seminars, or online classes. Stay updated on new things in medical billing.
Becoming the Highest Paid Medical Biller
If you want to earn a lot as a medical biller, consider these things:
- Experience: Years of proven accuracy and efficiency. Employers like people with a lot of experience who are good at their job.
- Certifications: Specialized certifications can help you get higher-paying jobs.
- More Schooling: If you go for a bachelor’s degree in healthcare administration or related fields, you can have an advantage and get higher-paying positions.
- Unique Skills: Expertise in specific software or complex billing procedures.
Remember, to be the highest-paid, you need a mix of experience, education, and certifications, and keep learning new things in your job.
Job Outlook for Medical Billers
More jobs for medical billers are expected, about 8 percent more from 2019 to 2029. That’s faster than many other jobs. This is because more people need healthcare services, and everything is moving to electronic records.
Medical billers are crucial because they help healthcare places work better. As more people get older and have ongoing health issues, we need accurate and quick medical billing. You’ll likely find good job opportunities if you have certifications and know a lot about healthcare rules and codes.
Deciding to be a medical biller can make you happy and pay well. However, your salary might vary based on where you work, what you know, and any special certificates you have. Even so, it’s an excellent career for a steady income, and there’s room to grow in your career. To be a medical biller, focus on learning, getting practical experience, and staying updated on what’s new in the field. To make much money as a medical biller, keep learning, work hard, and always aim to be good at your job. If you’re considering training for this career, check out CCI Training Center. They offer programs to teach you what you need for a successful career in medical billing. Start your journey by looking into what CCI Training Center offers today!