How to Make a Six Figure Salary in Medical Coding
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- Опубликовано: 30 июл 2024
- The medical coding and billing industry is booming.
The Bureau of Labor Statistics states that jobs in this area should grow by 11% within the next ten years.
This presents a huge opportunity for you if you’re pursuing a career in medical coding.
But before you do, you’re probably wondering how much money you’re going to make. After all, 70% of people want to hear about their salary within the first message from a recruiter according to LinkedIn.
While money may not be your biggest motivation, it’s still something you’ll benefit from knowing. So what factors determine how much you’ll get paid in this career and how can you make more money as a medical coder?
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The first key factor to keep in mind when trying to reach a six-figure salary as a medical coder is certifications.
One of the most attractive aspects of becoming a coder within the healthcare space is that it doesn’t require extensive education. It’s one of the only healthcare jobs that doesn’t need decades of schooling or hours of clinicals.
You can get a job immediately right after you graduate with an associate’s degree. But to really start making a lot of money in this field you need to get certifications. In fact, getting just one extra medical coding certification could make you an extra $10,000 per year according to AAPC. The best part is that many other coders realize the benefit in pursuing additional certifications and, as a result, have created Facebook Groups to help each other study for these exams.
The second factor that influences your medical coding salary is if you’re specialized.
This factor lines up with the previous one. Once you become a medical coder, there are many different routes you can take in your career. One of the best ways to grow is by specializing in your craft. Within this industry, there are different coding organizations. The two main organizations are; The American Association of Professional Coders, and The American Health Information Management Association.
Each organization offers different specialties and has specific requirements. Regardless of which route you take, understand that specializing in the right move.
The third influencing factor on your salary as a medical coder is experience.
Do rookie, superstar athletes get apid their highest salary right out of college? No. They need to prove their skills before getting a massive contract. It really doesn’t matter what industry you decide to pursue a career in, experience plays a role in how much money you make. Now, you don’t need to have any physical prowess to make a higher medical coding salary. But your experience has an impact on your salary, regardless of your specialty.
The fourth thing that determines your salary in medical coding is your type of employer.
What’s most unique about getting a job in medical coding is that where you work matters. You can get paid more or less depending on the type of healthcare company you’re representing. You can work at a payor organization, ambulatory surgery center, inpatient or outpatient hospital, a home health facility, a long-term care facility, or a healthcare practice. According to the AAPC found that coders who work at ambulatory surgery centers get paid the highest average salary.
The fifth way to increase your coding salary is to understand that different states pay more money.
This isn’t a secret, how much you make is largely dependent on where you’re employed. The highest-paid coders work for companies within the Pacific region. That’s Hawaii, California, Wasington, and Oregon. But that doesn’t mean you should pack up your bags this instant and move. Healthcare companies in that region get paid so much because the cost of living is so high. In order to live comfortably in Hawaii, you need to make at least $122,000 per year.
The trick here is to work remotely for a company located in one of those states. Luckily, working remotely is becoming the standard for medical coders. This means that you can get a job for a company headquartered in one of these high paying states while living in a state with a lower cost of living. Talk about getting a bang for your buck.
If you’re resourceful enough and use your intuition, you can earn money fast as a medical coder and there hasn’t been a better time in recent memory to make a great salary in this career path.
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• How to Make a Six Figu...
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This was very helpful. I am thinking of pursuing a career in this field. Thanks for the information.
Many thanks, been searching for "certified professional coder salary" for a while now, and I think this has helped.
Really considering this career path. I already have a Bachelors but am not enjoying the work plus where i can work in the country is limited. This sounds like a great career path
Thank you. I seriously needed that. I’m studying for medical coding right now and with everything that’s happening I’m losing motivation and second guessing myself but you’re video just reminded me why I’m doing this to begin with. Thank you !💛
Glad to hear it Kimberly, hang in there!
Same!
same!!
so are you making 6 figures today?
@@spopparty actually I’m a life insurance agent now. I couldn’t even get my foot in the door as a medical receptionist anywhere. But I have an associate’s degree in communications so I started applying to entry level jobs for recruiting and insurance and I got a couple interviews and landed a job as a life insurance agent. Took a course that only takes a week and then took the state test and passed on my first try. Doing this I will be making more than enough money and helping people. I’m so excited. I kid you not I was giving myself until July to find a job and if I couldn’t, I was going to apply to chipotle and go back to school for speech pathology. But now I’m training at this amazing job. So, you don’t have to stick it out with something that’s not making you happy just because you invested time and money into it. Sorry that was such a long response lol but yeah I hope you land a career that makes you happy, whether it’s medical coding or not🙂
Helpful video - short but very informative :)
Glad it was helpful!
It all depends on where you live. And the company you work for. I had a friend that had 12 years of experience and a certification. And began working for a different hospital making only $18 and hour. To me that is a huge pay cut.
Good video!!!
Outstanding & gd bless you
Thank you, I am a Medical coder in India .I need to work more in this area .
This is a great video...
Just one note...AAPC is no longer called the “American Academy....”, just AAPC! That’s it!
Thank you for clearing that up, Brad! We'll definitely keep that one in our back pocket for upcoming content. Glad you liked the video.
do you need to graduate an AA to get a certificate? Or can you get a technical certificate with a high school diploma in hand?
Im going towards a certified risk adjustment medical coder. They make really good.
It should be worth the most because it is an industry where everyone needs
Hey, thats very helpful information. Can you also make video or reply here on how to get coding projects for freelance?
Impossible bcz we need to get licence from Cms
And we need to huge money to start this health care industry
Thank you for this information I'm interested on studying for the big exam would you be able to help me navigate?
Hi, iv been a billing coding specialist for 6yrs and I have almost quadrupled my salary over the yrs. Tips... use what you learn in school and name everything on you resume as experience, plus join linked in; take the first position you are offered out of school, don't waste time get your for in the door. The most important.. it sounds crazy but, do not be loyal unless you luck up on an extraordinary physician who treats and pays you as family, use each job as a financial stepping stone, never go backwards in pay when going to a new job. Changing jobs every 2yrs wil increase your income by dollars a year instead of the cents you will get in raises staying at the same job.
Take things seriously you will be coding hundreds of thousands to millions in services. Lastly when you are at work learn everyone's job. The more you know and are able to view the full billing process as a whole and not just your part the more valuable you are.
My friend makes $40 an hour doing level 1 trauma coding working from home she is certified for inpatient coding which requires more knowledge I’m going to start with the CPC I graduated years ago with an RHIT degree but didn’t sit for the exam
Freelance ?
Plz help me, iam also senior medical coder, iam searching jobs, plz inform me
@@I2Elharrif I believe under a contract there are many consulting companies that hire coders
Are you in Illinois? The University of Chicago called me for an interview starting at $30 an hour for inpatient...indeed.com has many coding jobs also
Hi Sparkle just looking for opinions! do you think getting the rhit is a good step for a new coder. Or should I just go with the ccs or cpc?
Can you do medical coding remotely in the evenings &/or weekends?
I am in Florida, I don't know anyone who makes 6 figures- that's with 2 certifications and over 12 years of experience. You can probably make 6 figures if you work 2 full time jobs, but that defeats the purpose. Right now 8/22 an experienced inpatient medical coder with 2 certs are making $27-$30. If you want to make more, but not have benefits, then go contract coding...they are making $35-$40. Again, I am only talking about florida. A lot of people get in to coding because they think they will be making tons of money, so not true.
Tanq for the information. Am from India. 1 how much experience needed to reach 1 lakh salary in India. 2 if want go aboard which country offers awesome package???? Plz suggest.
Talking 6-fig. salaries is moot when I worry of revenue-conscious employers outsourcing/offshoring this work. How does an employee guard against it as a med. coder?
I have 10 years experience with billing/coding. I’m studying now for my CPC to take in August. I took Danita M. Ruszkowski boot camp and it was very informative and let me know what I need to study and what my strengths are. Good luck everyone!
You get salary how much
Now How much salary you earn
@@anuwobasha3930 Now I’m a Revenue Cycle Analyst I’m make range of $45k.
What’s the approximate percentage of employers who would require the Covid vaccine in order to work remotely from home 100% as a coder?
Sir,
Id HCC coding best than Cpt…which contries giving more importance and salaries to Hcc coders🥺?!!
HI , thank you for your information . Am in Ghana - west Africa can I get a medical coding job in the US - remote
a little deceptive with the title should have made it how to make more than 50K as a medical coder since most people even with certifications wont make 6 figures without having 10 plus years under their belt and even with states and cost of living factors medical coding isnt a very high paying career right from the start. If you could make 70 or 80k as soon as you graduate and a certification or 2 maybe this video would be a little bit more helpful
i finished my CPC exam , how should i apply coding jobs,please help me
Iam in school doing medical billing and coding, my Final Exam is Today and Iam lost still, this was really helpful. My baggiest consent is where to start and how? Helpppppppppppppppppp
Is CPC valid in Canada?
Sir I'm a BA English graduate from India
I have done a medical coding certification program and passed my certified professional coder (cpc).
I wanted to go to abroad. Is any job opportunity as I'm a fresher.....if not will I able to get a course related to medical coding and come to abroad ......which place will suit me better
Living in Canada can I pursue cpc from aapc is it applicable
Hello i just finished my medical billing and coding course of 3 months. I don't have. Masters Master's degree nor experience.
Please kindly advise what school/college you got this certification from, i also have no masters or degree in the medical field..Thx in advance
How to become medical coder in uk please help me with this
Hai bro i have experience in medical coding any us companys work from home is there?
Have a question how can you get a job if most of the companies require 2 to 3 years of experience?
This is just superb, been searching for "official cpc certification study guide free download" for a while now, and I think this has helped. You ever tried - Lukesey CPC Carnage - (should be on google have a look ) ? Ive heard some amazing things about it and my mate got great results with it.
Agree. I just got recertified with a CPC-A in Dec 2019. Havent been able to get coding jobs. All the recruiters & hiring Mgrs ask for recent experience. Experience in school doesnt count. I did that "Xternship" 10 yrs ago too. Several hiring mgrs I met when I worked in release of Information laughed & said that wouldnt help. When the quarentine lifts, I bnb have a billing job I was offered to try training. Hope it's a foot in the door.
Veggie Soup yes think that could be start good luck
Can you do it wo aas degree?
I am interested in becoming a medical coder. I've been researching affordable online schools and I'm getting overwhelmed. Do you have any suggestions?
Yes. There are a lot of great study groups on Facebook for aspiring medical coders. Here's our favorite - facebook.com/groups/408036195927123/
Career step
Check your local Community Collage or Adult School. I hope you find the the right school and also make sure there accredited. Hope this helps.🤗
Grace Godinez calbright college its free
Trying to decide between medical billing/coding or sterile processing....... do medical billing/coding professionals still get to learn medical terminology?
I have been a coder for about 1 yr. I can tell you that not only you "get" to learn medical terminology, its actually to your benefit if you do. Its hard to read charts without knowing at least the basic abbreviations and anatomical terms.
What should I do to stand out as medical coder. I ask because I have no experience.
Can you work for more than one practice at a time?
I dont see why not
I have experince 3.5 years in medical billing...
please provide me job. i am from pakistan
Nobody tells you once you finish the medical coding program and pass the final boards exam you will not be able too find a JOB. Many companies are only hiring coders with 2+ years experience. It's pointless. Really delicious. Trust me I know. I'm a new medical coder and have been looking for a job for over 3 weeks now. You would think that I would've found one by now because i have a 10+ year medical background but nope, nothing. How the h*ll can someone have experience without getting the experience? 🤔🤨🙄🤦🏽♀️😩😡
Did you find a job yet? One reason I'm afraid of getting my coding certification is not being able to find a job afterwards.
@@ambitiousbeauty1013 Hi, yes I have a coding job. My main experience is Risk Adjustment as I went back to get my CRC. Took me a total of 5 months to land something. Found something in 2 weeks after getting my CRC tho. It's possible to find something it's just extremely hard. I have been with my current job for a month now and my title is a Clinical Documentation Coder.
@@lenak1438 that's good, I'm really thinking about getting my billing and coding certification.
Hi
I am a medical coder with cpc certificate .I have more than 4 year experience in this field in india .how can I get a medical coding job in abroad .plz guide
You can't. They send our jobs to.you so they can pay less. You need to live in the US to work here or be able to do something that no one here can do.
Hii.is there any medical coding openings in ur Location...I am a CERTIFIED PROFESSIONAL CODER
Hi Suzann, unfortunately, we're not a coding organization. But if you're looking for available medical coding jobs check out some of the groups that exist on Facebook! :)
Mumbai
Can a Biotech student become a medical coder?
Yes
Could I ask if a 50 year old man can be a medical coder? Will someone hire me inspite my age ?
Always worth a shot!
Sir I am bsc zoology can I learn medical coding please reply 🙏🏻 sir.
Yes with any kind of science degree u r eligible
American Academy of Professional Coders (AAPC)
This is very misleading.
Hi Gary, could you elaborate?
How so?
Is having a RHIT cert a good thing?
Eric Glover good question.. I hope he answers this. This is something I would like to know too
Hospitals usually require an RHIT. They have big connections to AHIMA
Yes you can definitely code with that or manage
Yes, I have had the RHIT since 2009. I have been coding for the last six years.
This is glorious, I have been researching "medical billing and coding certification exams" for a while now, and I think this has helped. Have you ever come across - Lukesey CPC Carnage - (do a search on google ) ? Ive heard some great things about it and my cousin got excellent success with it.
Lukesey Carnegie
Living in Canada can I pursue cpc from aapc is it applicable