Salary For Medical Billing and Coding In New Hampshire
January 25, 2013
Billing clerks and medical coders are both members of the medical records and health information team. They both play an important role in properly coding a patient’s diagnosis and treatment into the health care facility’s database. The median annual medical billing and coding salary in New Hampshire is $43,322. One of the things that affect the income of a laborer in this field is his or her level of education. Similar to most careers especially technical careers in the country, completing additional education can improve the salary of a biller or coder. In addition, it can make one’s resume more appealing to different employers. Those who have completed high school have a mean income of $36,764 while the ones who did not acquire a high school diploma are paid $27,500. Workers who have completed a diploma course from a technical school make $33,413 on average while those who pursued some post-secondary education receive $36,409.
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A wage earner who has an associate’s degree in any medical administration course has a yearly pay check of $35,807. A bachelor’s degree will merit a worker a mean income of $47,421 while a master’s degree can take up his or her yearly salary to $50,929. The average annual wage of a doctorate degree holder, on the other hand, is $62,500. The work experience of a laborer is also influential to his or her medical billing and coding salary in New Hampshire. The longer a person stays in this industry, the more he or she becomes an expert in this field. For example, those who have 3 years of experience are paid $32,000 per annum while the ones with 6 years get $36,000. Billing and coding clerks who have worked in the industry for 15 years have a yearly pay check of $45,000 while senior employees make an average of $48,000.
Certified medical biller and coders in NH are paid higher than their non-certified colleagues too. As mentioned earlier, a non-certified worker with 6 years of rendered service make $36,000 a year. A certified worker with the same work experience is paid $42,000. That’s a difference of about $6,000 in a year. Those who have 15 years of work experience but are not certified billers and coders earn $45,000 annually while a certified employee gets $50,000. The significant difference between the pay rates of credentialed and non-credentialed laborers is one of the reasons behind the rise of credentialed workers. According to the Bureau of Labor Statistics, there is a 1.5 percent increase in these wage earners from 2009 to 2010. Some of the credentials offered in this field are Certified Professional Coder – Hospital Outpatient and Certified Professional Coder – Payer. Each of the credentials available in this industry is assigned to a different area of expertise. The job outlook for these health care professionals is excellent in the coming years. The expected increase in demand is around 20 percent from 2008 to 2018. As the demand improves in this state, the average pay for billing and coding clerks will also go higher.
There are a handful of technical schools in New Hampshire that provide top-notch education to prepare their students for the in-demand career that they want. The Seacoast Career Schools in Manchester offers an associate’s degree course in medical billing and coding. This course is also ideal for those who want to be employed as a Health Claims Specialist. Campuses of this school are situated in Manchester and Sanford. The Lincoln Technical Institute has a diploma program in medical administration. This is currently located in Lowell and has been accredited by the Accrediting Council for Independent Colleges and Schools or ACICS. For more information about this school and its services, you may check out its dedicated website: www.lincolnedu.com. Training programs for this field usually take around 12 months to 4 years to complete, depending on the type. Some of the topics discussed in these programs are anatomy, medical terminology, physiology and many more. An associate’s degree and a bachelor’s degree program are more comprehensive than a certificate program. This is probably one of the reasons why the tuition for degree programs is more expensive than a certificate course.