How much does a medical billing specialist make?

Question:

How much does a medical billing specialist make?

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Answer:

According to the Bureau of Labor Statistics, medical records and health information technicians earned, on average, $42,630 in 2019. This career class include medical billing and coding specialists. The top 10% of all earners in this category earned $71,150 on average, while the lower 10% earned $27,820. This difference in pay can be accounted for by the experience, education, work location, and geographic location of a person. Medical billing and coding specialists can enter the profession with as little as a high school diploma, though completing a vocational or technical college program in medical billing and coding can lead to a higher wage. Some jobs required at least an associate's degree. Those working in hospitals and clinics earned the most on average, at more than $45,000 annually. This career class is expected to grow 8% in the next decade; that is double the projected growth of all careers. This is due to the aging population living longer and healthier, meaning they need medical care for longer.

For more information about medical billing, check out this article:Medical Billing and Coding Job Options and Requirements

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