Yearly Salary

• On average, medical coding and billing specialists make $33,880 per year in the United States. This estimate includes all medical records and health information technicians who process and maintain medical records at all types of medical institutions.
  
  

Salary Scale

• The median salary for medical coding and billing specialists is $31,290. In the 10th percentile, workers earn $20,850 on average; in the 25th percentile the average is $24,870; in the 75th percentile the average is $40,540; in the 90th percentile, workers earn $51,510 on average.
  
  

Employer

• Medical coding and billing specialists at hospitals earn average salaries of $35,870, while those at nursing care facilities earn close to the overall average at $33,100. Outpatient care centers and the offices of physicians offer less at $30,650 and $28,460, respectively. Specialists in pharmaceutical and medicine manufacturing earn the highest wages in their field at $61,210 annually.
  
  

Location

• Geographic location plays a large role in the salary of a medical coding and billing specialist, as cost of living and demand are taken into account. Those in New Jersey earn the highest yearly salaries at $45,750 on average, followed by Hawaii at $41,340 and the District of Columbia at $41,290. In Newark, New Jersey, the salary for these specialists is even higher at $51,390.
  
  

Advancement

• According to the Bureau of Labor Statistics, most medical coding and billing specialists advance in their careers and increase the amount of money they make per year by obtaining advanced certification and a bachelor's or master's degree in their field. Because of the increased use of electronic health records, those specialists who are comfortable with technology and software will be in especially high demand.