Medical Billing & Coding Specialist Salary Overview
But if that were true, then wouldnt the hospitals and doctors WANT that extra money? Yes they would. So why do the Medical Cartels lobby against a single payer system? Its because the Medical Cartels know it would allow little people to negotiate better health care prices. And thats what the Medical Cartels are afraid of. Period. But us big wigs at insurance companies, hospitals, and pharmacy companies dont ever need to worry about health care no matter what it costs. We get our health care paid for one way or another by you little people. And we get the little people that work at our companies to contribute to our PACs. And us big wigs say its to protect the little peoples jobs. But in reality it would be in the little peoples best interest to NOT contribute to the PAC. Again, little people are so easy to be fooled. I wont ever have to worry about losing my job with so many little people being brain washed by the Medical Cartels PAC money. Not only that, the Medical Cartels PAC money is used to elect so many republicans that will never allow a single payer system.
Medical billing & coding specialists with a few years of experience can consult or contract. Some will consult or contract full time, while others pick up additional shifts as supplemental income. Typically hourly consulting/contracting can be higher paying alternatives, though those options often don’t include benefits. Others may move to health care accounting/finance roles by earning a bachelors or masters degree. There are also opportunities for medical billing and coding specialists to advance to insurance companies, especially those who have earned at least a 4 year degree. Benefits and perks Health care, paid time off, pension, education reimbursement, sick days, insurance, bonus, and taxes increase the total compensation package by an average 32.9%**, bringing the median total medical billing & coding specialist compensation to $47,412. Salary negotiation tips Negotiating salary can be tricky. Large institutions (hospitals, government health agencies, or private companies), typically set up a salary range (or salary band), so the organization will have a little room to move on salaries (about 5-10%). Smaller organizations are less likely to have as much wiggle room on salary. Either way, don’t expect an employer to give you a higher salary just because you ask. Instead, prepare a well documented justification and stay within the organization’s salary range for the specific position so you’ll have a good chance at getting the salary increase you’re targeting. Your greatest ability to negotiate salary is when you have options.