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Medical Billing and Coding Salary:
How Much Can You Make?

Pay potential in medical billing and coding

Medical billing and coding, representing two different aspects of the healthcare revenue cycle, encompass a broad collection of roles in medical records.

According to the Bureau of Labor Statistics (BLS), medical records specialists (including medical coders) earn an average salary of $51,090 per year ($24.56 per hour).*

By developing a strong educational foundation in both medical billing and medical coding, you can position yourself best to qualify for a wider selection of entry-level jobs and potentially compete for higher-paying positions as a medical records specialist.

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Billing and Coding Student Learning Online at Home on Laptop

Average medical records specialist salary by state

 Average salaryMedian salary
StatePer hourPer yearPer hourPer year
Alabama$19.35$40,250$17.88$37,190
Alaska$27.02$56,210$24.66$51,290
Arizona$21.93$45,610$20.12$41,850
Arkansas$19.43$40,410$17.05$35,460
California$31.66$65,850$27.36$56,900
Colorado$25.68$53,410$24.04$50,000
Connecticut$29.04$60,410$29.04$60,390
Delaware$22.78$47,380$22.05$45,870
District of Columbia$30.64$63,740$29.88$62,140
Florida$22.75$47,320$21.42$44,560
Georgia$22.69$47,200$20.17$41,950
Hawaii$29.42$61,190$30.60$63,650
Idaho$23.11$48,060$22.38$46,550
Illinois$24.74$51,450$23.32$48,510
Indiana$23.50$48,890$22.22$46,220
Iowa$22.69$47,180$22.40$46,590
Kansas$21.62$44,970$20.89$43,440
Kentucky$21.72$45,180$20.50$42,640
Louisiana$23.02$47,870$22.51$46,830
Maine$23.66$49,220$22.82$47,470
Maryland$27.86$57,940$26.40$54,900
Massachusetts$28.16$58,580$25.30$52,620
Michigan$22.08$45,920$20.50$42,630
Minnesota$27.56$57,320$24.91$51,810
Mississippi$18.98$39,470$17.67$36,750
Missouri$23.57$49,020$23.11$48,070
Montana$22.37$46,530$20.79$43,250
Nebraska$22.26$46,300$22.18$46,120
Nevada$20.62$42,890$18.26$37,980
New Hampshire$22.23$46,250$21.48$44,680
New Jersey$32.93$68,500$31.14$64,760
New Mexico$22.44$46,670$21.68$45,100
New York$26.63$55,400$23.75$49,390
North Carolina$22.54$46,890$21.73$45,200
North Dakota$23.36$48,590$22.50$46,800
Ohio$22.79$47,410$22.15$46,070
Oklahoma$22.28$46,350$22.41$46,610
Oregon$25.98$54,030$24.37$50,680
Pennsylvania$23.11$48,070$21.95$45,660
Rhode Island$24.71$51,410$23.71$49,310
South Carolina$25.02$52,050$24.35$50,640
South Dakota$23.86$49,640$22.75$47,330
Tennessee$23.51$48,890$22.69$47,190
Texas$21.48$44,680$18.95$39,410
Utah$24.15$50,230$22.11$46,000
Vermont$23.24$48,330$23.22$48,290
Virginia$25.28$52,580$23.34$48,550
Washington$28.12$58,480$26.37$54,850
West Virginia$20.42$42,470$18.56$38,610
Wisconsin$25.01$52,010$23.92$49,750
Wyoming$25.16$52,330$23.74$49,370
Guam$16.74$34,820$14.75$30,680
Puerto Rico$12.65$26,310$11.02$22,920
Virgin Islands$20.31$42,250$21.05$43,790
All state salary data provided by the Bureau of Labor Statistics.*

How to increase pay potential: get certified1

You can potentially earn more in the field by earning certification. Our billing and coding curriculums provide preparation for top industry certifications, including:

  • Certified Professional Coder (CPC) from the American Academy of Professional Coders (AAPC)
  • Certified Coding Specialist (CCS) from the American Health Information Management Association (AHIMA).
  • Certified Billing and Coding Specialist (CBCS) from the National Healthcareer Association (NHA)

The AAPC’s 2023 Medical Coding and Billing Salary Report shows certified medical records specialists earn 17.7% more than those without certification. Here’s a sample of median incomes in the field broken down by certification earned:

CertificationMedian Income
Certified Professional Coder (CPC)$58,895
Certified Professional Biller (CPB)i$56,981
Certified Inpatient Coder (CIC)i$58,730
Certified Outpatient Coder (COC)i$64,267

iPreparation for these specific certification exams is not part of our curriculums. But your training can help you qualify for certifications in areas of your choosing.

Diploma and degree program options

We offer both diploma and associate degree options (100% online classes) in the field of medical billing and coding to cater your education to the job you want to get:

Medical Billing and Coding Files and Binder
  • Program length: 10 months
  • Classes: View the curriculum
  • Credential earned: Diploma in Insurance Billing and Coding Specialist
Medical Coder with Coding Diploma Working From Home
  • Program length: 10 months
  • Classes: View the curriculum
  • Credential earned: Diploma in Medical Coding
Billing and Coding Specialist Working In Office at Laptop
  • Program length: 20 months
  • Classes: View the curriculum
  • Credential earned: Associate of Science/Applied Science in Insurance Billing and Coding Specialist
Medical Coder with Associate Degree Working on Tablet
  • Program length: 20 months
  • Classes: View the curriculum
  • Credential earned: Associate of Science/Applied Science in Medical Coding

Frequently Asked Questions

Yes!

The Herzing University Insurance Billing and Coding Specialist program features 100% online coursework with an optional internship or search project.

There isn’t always a firm requirement for license or certification, and there are no state requirements. Requirements will vary by employer. However, earning certification to become a Certified Billing and Coding Specialist (CBCS) can help you earn an edge over the competition and get the job you really want.

Yes, and demand continues to grow. According to the Bureau of Labor Statistics (BLS), employment of medical records specialists is expected to rise 9% from 2022-2032.*

With Herzing University, earning an education takes less than 2 years: on average, 10-20 months depending on the pathway you choose.

Our diploma-level pathway can be completed in as few as 10 months, while our associate degree pathway can take as few as 20 months to complete.

With enough experience in the field, many medical billers may find jobs with the option to work from home. However, it can be difficult to find entry-level work-from-home positions. Expect to work your way towards qualifying for these competitive positions after graduating with a degree or diploma.

As a medical insurance billing specialist, you can typically expect a 40-hour work week in an office environment such as a healthcare facility or agency setting. Full-time Medical Insurance Billing Specialists may receive a comprehensive benefit package that includes health insurance, paid vacation, and a retirement savings plan such as profit-sharing or 401(k). Some employers have part-time opportunities available as well.

Medical coders translate the care provided to a patient into codes a computer system can understand. Coders categorize both diagnoses and procedures performed to convert a story of medical treatment into concise codes used for determining the cost of care.

Coders must work closely with physicians, billers and other healthcare personnel to ensure costs are distributed appropriately and claims are filed correctly. Accurate coding helps the business of healthcare run much more smoothly.

Your first step is to get educated. Enrolling in one of Herzing’s billing and coding program options will put you on track to graduate with the education you need in 10-20 months.

We are your lifelong learning partner—ready to help you take the first big step towards your new career in healthcare.

Inpatient coding refers to a diagnosis report for patients who require hospitalization and must be admitted for an extended stay. Inpatient coding uses Internal Classification of Diseases, Tenth Revision (ICD-10) coding systems.

Outpatient coding refers to reports outlining services for patients who aren’t required to be hospitalized, typically those who are released within 24 hours. Outpatient coding uses Current Procedural Terminology (CPT) coding systems.

Inpatient and outpatient coding also deal with unique payment and reimbursement systems you will need to be familiar with.

You may learn inpatient and/or outpatient coding depending on whether you choose the associate degree or diploma path.

Herzing University offers several undergraduate healthcare degree and diploma options that you may earn online, in addition to medical coding and billing:

Each program is positioned uniquely to build a foundation for you to pursue the type of job in healthcare you’re looking for—whether it’s directly caring for patients, focusing on day-to-day administrative tasks or leading the way in a managerial role.

Take the first step

U.S. News and World Report ranked Medical Records Technician as the #4 best health care support job for 2023, bolstered by high ratings in job market, future growth, stress, and work-life balance.

It’s a great time to begin earning the education you need to compete for jobs in medical billing and coding and begin your new career. We exist to help make it possible.

Learn more about our medical billing and coding program options

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1. Certification in this program is not a state specific requirement. Certification requirements and eligibility to apply for certification may vary.


* Bureau of Labor Statistics (BLS), U.S. Department of Labor, Occupational Employment and Wage Statistics 2022 / Occupational Outlook Handbook 2022. BLS estimates do not represent entry-level wages and/or salaries. Multiple factors, including prior experience, age, geography market in which you want to work and degree field, will affect career outcomes and earnings. Herzing neither represents that its graduates will earn the average salaries calculated by BLS for a particular job nor guarantees that graduation from its program will result in a job, promotion, salary increase or other career growth.

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