The Medical Coding Specialist program will prepare you for entry-level coding specialist positions in health care facilities such as hospitals, managed care organizations, skilled nursing facilities, coding and billing services, physician practice groups, governmental agencies, home health agencies, computer software companies, clinics, consulting firms, insurance companies and veterinary hospitals.
Career Outlook and Salary
The US Department of Labor, Bureau of Labor Statistics predicts that employment in the health information management field will grow faster than average (11% or more) through 2028.
The 2020 Madison College Graduate Employment Report (six months after graduation) indicates an average annual salary of $41,288 ($19.85/hour) for new graduates of this program.
A 2019 national survey done by the American Academy of Professional Coders (AAPC) indicates the average annual wage for certified professional coders (CPC) is $57,201 ($27.50/hour) and for certified outpatient coders (COC) is $65,028 ($31.26/hour). Survey results for Wisconsin show the average annual wage for coding and billing professionals to be $55,979 ($26.91/hours).
A 2019 national survey done by the American Health Information Management Association indicates the average annual salary for a coding professional is $66,370 ($31.90/hour). It also showed those with mastery-level coding credentials (CCS and CCS-P) garnered higher average salaries than those with entry-level coding credential (CCA): CCS $79,060; CCS-P $77,790: CCA $53,790.
As of June 2021, the website salary.com indicates the annual salary range for medical coding specialists in the Madison area is $40,280 - $71,745 ($19.37 - $34.49) with the median salary at $53,940 ($25.93/hour).
There are several certification exams that can be taken to earn national coding credentials. The Certified Coding Associate (CCA) exam demonstrates entry-level skills. The other certification exams demonstrate mastery level (experienced) skills. Many employers require certification. Certification may result in a salary increase and/or promotion.
American Health Information Management Association (AHIMA), ahima.org:
- Certified Coding Associate (CCA)
- Certified Coding Specialist (CCS)
- Certified Coding Specialist - Physician-Based (CCS-P)
American Academy of Professional Coders (AAPC), aapc.com:
- Certified Professional Coder (CPC)
- Certified Outpatient Coder (COC)
- Certified Inpatient Coder (CIC)
- Certified Risk Adjustment Coder (CRC)