With those variations taken into account, the BLS found that the average median salary in 2021 for medical records and health information specialists was $46,660 per year, or $22.43 per hour. AAPC These factors include specialization, certification, location, type of workplace, and experience.

Salaries for medical coders and medical billing specialists vary based on a number of factors. Part Four Medical Billing and Coding Salaries This role often requires following up with medical providers, insurers, and patients for clarification.

Medical billers take that information, compile it, and prepare claims for insurance companies and bills for patients.

Medical coders review medical data and assign the appropriate standardized code needed for billing.

However, the responsibilities of medical billers and medical coders are quite different. Medical billing and medical coding are both parts of the healthcare industry’s system of collecting revenue for health services. Part Three What’s the Difference Between Medical Billing and Medical Coding? It includes compiling coded information into an invoice, sending it to insurance providers or payers, and collecting payment. Medical billing is the process of collecting payment for healthcare services.

Helps researchers track health trends and use data to analyze treatments.

Creates a universal language for medical professionals and facilities.

Medical coders apply it to diagnoses, procedures, medical equipment, and medical services. The language is an established alphanumeric code. Medical Coding is the process of taking medical terminology and information and translating it into a language that is universally understood by medical professionals and insurance companies alike.

Medical coder salary near me