More than 14,000 medical coders responded to the survey. Other highlights include the following:
- Coders with a bachelor’s degree earned an average of $54,522 in 2014, more than $10,000 higher than coders without a college degree.
- Coders with 31 or more years of experience earn an average of $68,868 per year. Those with 26-30 years average $66,033. Coders with 21-25 years experience earn $63,558 on average.
- Coders in medium-sized group practices saw a 10 percent increase in salary, earning $46,762 on average.
View the results of the 2014 coder salary survey (pdf).
Staffing costs are one of the highest expenses for healthcare providers. Not only does this take salaries into consideration, but it also includes expenses associated with benefits, training, and any IT equipment and software needed for staff members to perform their job. With staff salaries increasing significantly, more practices and surgery centers are choosing to outsource their medical billing to a medical billing service such as PGM Billing.
Since 1981, PGM has provided practice management and medical billing services to physicians and facilities nationwide. Its team of certified medical coders and billers helps increase a provider’s revenue by boosting collection rates, reducing denials and delays in payment, and cutting costs. To learn more about what PGM can do for your organization, contact us today.