Factors That Impact Upon Medical Coding Salary
Medical coding and billing career opportunities are growing at a fast rate. If you are computer proficient and detail-oriented, this type of profile may be perfect for you. The role is one of only a few in the healthcare industry that does not involve any direct contact with actual patients. Before you think about applying for an opening, it is useful to understand what factors can impact upon the medical coding salary that would be offered.
As with any job, the greater your experience, the more chance you would have of being given a high wage. Official data indicates that those individuals who have only just completed their training in this field are offered $27,000 per year on average. After five years, the salary rises to around $36,000, and after ten years a coder can expect to earn $40,000 annually.
The prestige and size of the employer will also have a bearing on income, though not to the same extent as experience. Statistics show that there is approximately a $1000 difference between the wages earned at a healthcare institution with less than fifty employees when compared to those establishments with more than two hundred staff.
Whether the clinic or hospital is privately run or a public body is also important. Most private establishments offer higher wages than government health clinics and hospitals.
Though there are strict rules in place that prohibit sexual discrimination of any kind in the work place, official data shows that male coders are paid more than their female counterparts. Around 85% of all medical coding positions are held by women, but they typically earn three thousand dollars less per year than men in the same jobs.
Another important consideration is the state. Florida, North Carolina, New York, and California provide the best salaries in the country, whereas Texas is ranked amongst the least attractive.
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