Medical Billing Job Description and Salary Range

If you've been thinking about entering the field of medical billing I'm sure you're wondering what exactly a medical biller does and what salary you can expect. There is a lot of interest in this field and many ways to enter it. Although experience is best it takes getting a job in that field to get experience and it can be a vicious circle. But first the job description. Keep in mind that depending on the facility you may or may not be doing all of the following. And if you work for a billing service your job may be quite different since it is not a medical facility.

If you work as a medical biller or a certified Medical Billing Specialist you will compile and track outstanding balances that are owed to medical clinics, medical offices or other medical facilities. You would maintain the records of payment for all patients for that medical facility. You would make payment arrangements with the patient and collect on any past due accounts.

As a medical biller, medical billing assistant, billing clerk or billing specialist you would have access to a lot of confidential medical information. You would be working with collection agencies and even the courts to collect on delinquent accounts. You may also be working with lawyers and others on the estates of patients who have passed away on resolving their unpaid accounts. You would be working and coordinating the deductions from payroll for the employees of your clinic or facility. You'll be aware of the rules and regulations you must follow to be in compliance with any local, state or federal laws or regulations.

Now what skill should you have? You'll be working with a lot of numbers and technology. You want to be comfortable using a computer, software and office equipment. You'll be learning billing software if you haven't learned it in medical billing training. You don't need to learn coding as that is a separate function and coding is usually done before it reaches the biller, but some knowledge of it can only help. You will want to have good communication skills as you may be talking to people about their medical bills.

The salary you can expect will depend on previous experience and medical billing training you have had. You will make a higher salary as a certified Medical Billing Specialist which requires taking a national exam. But generally your range will be in the $31,000 to $45,000 range. The more experience the higher the pay generally. There are lots of ways to get experience and training including medical billing training online and at your local college. There is plenty of money and financial aid available for online courses and you want to check out every school thoroughly to avoid any scams.

Medical Billing Salary Range

Although medical billing career may not earn a very high pay like other medical related jobs, medical billers do bring home a salary that is enough to live a fairly comfortable life.

Medical billing salary is influenced by lots of factors. The training gained in the billing field accounts for the major part. The person who completed a relevant course in the medical field, gains special skills and knowledge and this is a clear indication that he/she is putting extra efforts in order to perform a good job as a medical billing specialist. Depending on the education qualification, the hourly rate varies from $12-$15. Another most important factor that affects billing pay is how long someone has worked in the field. Medical specialist with experience of 1 year earns around $12 per hour. Those who have more experience in billing earn up to $16 per hour. However, the geographic location also plays a role in pay scale. For instance, areas where cost of living is high, the pay will be more. Billers who work in New York City, Houston, Chicago and California are able to pull a good amount of salary. Work locations such as hospital, billing company or private practice will also affect the salary. Since there are lots of factors which affect the salary of billing, it is really not easy to predict the pay scale. Studies have shown that 50% of people earned around $35,000-$45,000 annually.

Medical transacting can be a work at home opportunity, which can fetch a descent salary in a comfortable home environment. Most of the medical billers are paid hourly, rather than annually. While biller who is experienced can earn around $40,000 a year as an independent contractor working from home, a billing and coding specialist who runs his own firm can earn $100,000 a year. However, people who are searching for home based job should be very careful. There is lots of fraud going on in this field. These scammers charge hundred to thousand dollars and in exchange they claim they will help to get a placement in billing. They also promise that medical billing job can earn a substantial amount of money and no experience required. But in reality, those who paid to get a job end up with no job, no money. Billing is a very competitive field, so without experience or training in medical billing field, it is almost impossible to get a job.

The best way to get a good salary is get trained, have few years of experience, and by doing justice to the job. A medical billing professional with all these qualities will definitely earn a good salary.