Medical Coding SalaryThe average Medical Coding Salary is calculated by the US Government Bureau of Labor Statistics from a variety of sources. Medical Coding work in a number of settings including hospitals, clinics and the insurance industry. Medical Coding salaries vary depending on the location and the setting. The assumption was made that the Medical Coding reflected here were working an average of 40 hours per week with a total of 2080 hours per year. Medical Coding Salary: Median Hourly & Annual Data HOURLY Medical Coding median salary is $12.83 per hour. The lowest 10% earn $8.85 per hour and those in the upper 10% earn more than$20.65 per hour. ANNUALLY On an annual basis the median Medical Coding Salary is $26,690. The lowest 10% earn a salary of $18,410 per year while the upper 10% earn more than $42,960 per year. These salaries are calculated as a mean or average. Lowest and Highest Medical Coding Salary The lowest paid Medical Coding earn less with mean or average wages below $9.00 per hour. Presumably this is offset by costs of living and other factors. The lower pay levels are associated with rural areas and schools. The highest pay levels are found in major population areas where the average wage is over $21.00 per hour. Demand and low supply seem to be a significant factor in fueling higher salaries. Top 5 States The top paying states to earn an Medical Coding Salary are New Jersey $38,430, District of Columbia $35,480, Connecticut $35,010, Maryland $33,980, New York $33,200 top 5 Metropolitan Areas The best city or metropolitan areas to earn an Medical Coding Salary are San Jose-Sunnyvale-Santa Clara, CA $42,000, San Francisco-San Mateo-Redwood City, CA $40,510, Rochester, MN $38,860, Oakland-Fremont-Hayward, CA $38,570, Newark-Union, NJ-PA $38,470. Private Practice Vs Employment Given the nature of the work these professionals perform they are primarily employed. While a significant amount of outsourcing of administrative and other jobs has occurred in the healthcare industry no one is quite ready to outsource records management. Although not as much in demand this occupation could be one that would be employed as a contract employee via employment agency. EMPLOYMENT DATA According to the US Department of Labor nationally there are over 160,450 medical records and health information technicians who earn a salary through being employed. A number of these specialize in medical coding but are categorized as medical records and health information technicians Where They Work Of all the Medical Coding Technicians employed in the United States the best paying positions are in hospitals and nursing care facilities with physicians offices paying less. Local, state and federal governments all offer employment opportunities for medical coders. Other Industries That employ Medical Coding Technicians Insurance carriers, pharmaceutical industry, and cancer treatment centers are other areas employing the medical coder. Benefits Fringe benefits such as vacation, health insurance and retirement plans will vary depending on the work setting and size of the employer. Individuals in private practice will have similar benefits enjoyed by self-employed or sole proprietor businesses. A typical employment benefits package is worth over $20,000 per year. Links to other health care salary occupations: Anesthesiologists Salary, Athletic Trainer Salary, Audiologist Salary, Cardiologist Salary, Cardiovascular Technologists and Technicians Salary, Chiropractor Salary, Dental Hygienist Salary, Dentist Salary, Diagnostic Medical Sonographers Salary, Dietetic Technicians Salary, Dietitians and Nutritionists Salary, Emergency Medical Technicians (EMT) and Paramedics Salary, Family and General Practitioners Salary, Healthcare Administrator Salary, Internist Salary, Licensed Practical and Licensed Vocational Nurses Salary, Medical and Clinical Laboratory Technicians Salary, Medical Records Clerk and Health Information Technicians Salary, Neurologist Salary, Neurosurgeon Salary, Nuclear Medicine Technologists Salary, Nurse Anesthetist or nurse anesthesiologist Salary, Obstetrician and Gynecologist Doctor Salary, Occupational Health and Safety Specialists and Technician Salary, Occupational Therapists Salary, Dispensing Opticians Salary, Optometrists Salary, Oral and Maxillofacial Surgeons Salary, Orthodontists Salary, Orthotists and Prosthetists Salary, Pediatrician Salary, Pharmacists Salary, Pharmacy Technicians Salary, Physical Therapists Salary, Physician Assistants Salary, Podiatrists Salary, Prosthodontists Salary, Psychiatric Technicians Salary, Psychiatrist Salary, Pyschologist Salary, Radiation Therapists Salary, Recreational Therapists Salary, Registered Nurse Salary, Respiratory Therapists Salary, Speech-Language Pathologists or Speech Therapist Salary, Surgeons Salary, Surgical Technologists Salary, Veterinarians Salary, Veterinary Technologists and Technicians Salary
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