George asks…

Will I Make More Money As A Medical Office Administrator Or Medical Billing And Coding? I Want To Make The Best Salary!

I am currently majoring in medical office administration. Does any one know what kind of money they make? I have considered switching to medical billing and coding. Anybody know what kind of money they make also? Please help!

Education Admin answers:

Here is the salary information for billing and coding from http://techniciansalary.net

Medical Billing and Coding Salary

Due to the high demand for certified medical billing and coding specialists, salaries are expected to be on the rise. With so many options of facilities and companies to work for, a medical biller’s pay scale can vary quite a bit.

Adding in some other variables such as your geographic location along with your physical job location, training, experience, economy and job demand will help determine what you could expect to earn each year for your medical billing and coding salary.

Throw in all those variables into the mix and the average salary for a medical coder and biller will likely be between $36,000 per year and $44,000 per year. A low percentage of employees in this medical field can expect to see a salary as low as $31,000 per year while another percentage can expect to see a salary range as high as $48,000 per year.

Remember that the mentioned medical billing and coding salaries are just an average that is based off of all of the variables mentioned above.

Only you can determine what you can make each year based off of your desire and want to receive the best training available and work your hardest for promotions and pay increases. Original Post.

For information about a medical office administrator a great resource was: Elizabeth Aleksander, eHow Contributor,

(Dr. Elizabeth Aleksander teaches clarinet at Midland Lutheran College, and she is active in the clarinet community, having recently presented two recitals and attended several conferences. She maintains memberships in the International Clarinet Association, College Music Society, Pi Kappa Lambda music honor society, and Sigma Alpha Iota women’s music fraternity).

Salary Range for Medical Office Administration

Annual salaries for medical office administrators in 2009 vary, primarily based on location. Hourly wages can range from $23.22 to $66.25, with a mean of $42.67. Annual salaries fall between $48,300 and $137,800, and the mean is $88,750.

  1. Employers

    • Most medical office administrators are employed by hospitals, physician’s offices, nursing care facilities, home health care services and outpatient care centers.

    Per Capita Employment

    • The District of Columbia, New York, Maryland, Iowa and Oklahoma employ the most medial office administrators per capita.

    Salary by State

    • Average annual earnings for medical office administrators are highest in Washington ($109,570), Vermont ($107,810), New York ($105,010), Massachusetts ($104,520) and Rhode Island ($103,830).

    Employment by City

    • The metropolitan areas of Shreveport, Louisiana; Jackson, Tennessee; Cheyenne, Wyoming; Ames, Iowa;  and Augusta, Georgia, have the largest number of medical office administration jobs for a metro area per capita.

    Pay

    • The highest-paying metropolitan areas for medical office administration are Salinas, California ($131,500); Lawrence, Massachusetts ($126,860); Panama City, Florida ($125,580); Burlington, Vermont ($123,290); and Seattle ($118,680). Original Reference.

Lisa asks…

Would You Rather Have A Fun Job That Paid Poorly Or A Really Boring Job That Paid Good Money?

Trying to decide between two careers, a preschool teacher which pays close to minimum wage or a medical coder that pays $45,000 in my area. Being a preschool teacher sounds like so much fun but I don’t know if I’d make enough to pay my bills, so I was thinking of doing medical billing and coding. It pays a decent salary but sounds boring as hell and you get benefits.

Education Admin answers:

Most people who want to pursue the career of teaching often find themselves having to move to the south because there is a higher need of teachers down there. If you are worried about being about to pay bills, living costs in the south are low, but so are the salaries, so yes, you would have enough to pay your bills.

But really, you should do the job that you will enjoy. If you like your job, then you will find a way to make the money work. Don’t go with a job that you don’t want to do because then you will end up being one of those cranky, mean old people that are just miserable. So if a teacher is what you want to be then that’s what you shoudl do. Don’t focus on the money, focus on what you want.

:) Good Luck (:

John asks…

Which One Of These Are A Better Career?

Medical Assistant, LPN, or Medical Coding and Billing, which one of these is probably the best career in terms of always being able to find a job and in terms of salary?

Education Admin answers:

My opinion is that licensed practical nurse is the best. I think there were studies saying that a lot of older nurses are retiring so it’s making a lot of open positions available. But you have to keep in mind that if you want a job all the time you have to try and be the best nurse possible.

That will only enable you because competition is tough. At my local tech college, RNs have a 2 year wait, which is really bs.

Next would probably be medical assistant.

Jenny asks…

Is Billing/Coding A Good Income For A Single Person?

I’m about to graduate in May 2012 and I was thinking about attending a training school for medical billing and coding. It’s just me, myself, and I. Would the salary allow me to live a comfortable lifestyle? Not paycheck to paycheck.

Education Admin answers:

I am sure it would be but do research for the salary that is paid in your area before making the decision.

Susan asks…

Which Degree Out Of These Three?

I’m looking into getting a degree in either medical billing and coding, health information technology, health administration. Which one would be better to get as far as salary, how many open jobs are out there, etc.

Education Admin answers:

I’m not sure off the top of my head, but when I want to look into salary I go to careercruising.com. Then you can search careers and a bunch of information about it.

Mandy asks…

How Will the HR3200 Health Care Bill Affect Medical Students?

Watch out Medical students. Under HR3200 you will have NO CHOICE were you are sent to complete your residency AND at “base salary(minimum wage for all you know).” Under all the jargon in this bill, a Resident Student will be sent to locations with “critical need,” meaning practice in the getto or 10,000 miles away from home and you will not have a say so! You will not get your Medical Certificate unless you go wherever the govenrnent decides to send you. I say NO to that. I think Residents should have their constitutional right to choose were they complete residency intact and decide how much they will be paid. Med school is TOO EXPENSIVE to accept this socialist legislation.

Contact your representatives if you oppose to this portion of the health care bill. http://www.usa.gov/Contact/Elected.shtml. You may need your 4-digit zip code extenstion http://zip4.usps.com/zip4/welcome.jsp

Education Admin answers:

The words base salary, critical need and medical certificate appear nowhere in HR3200. The only thing remotely close to what you refer to is that IF a TEACHING Hospital closes the residency slots will be redistributed to other hospitals in the state. Nothing says ANYTHING about the government saying where residents are assigned or pay rates.

“‘(I) IN GENERAL- The Secretary shall, by regulation, establish a process consistent with subclauses (II) and (III) under which, in the case where a hospital (other than a hospital described in clause (v)) with an approved medical residency program in a State closes on or after the date that is 2 years before the date of the enactment of this clause, the Secretary shall increase the otherwise applicable resident limit under this paragraph for other hospitals in the State in accordance with this clause.”

If you can point to the areas in the bill that do what you say please do

http://www.opencongress.org/bill/111-h3200/text

I appreciate your concern but please back it up with facts.

 

billing and coding school

Graduate of Medical Billing/Coding

 

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