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$37,090 Median Salary

Types of Degrees Majors Are Getting

The following table lists how many medical insurance specialist/medical biller graduations there were for each degree level during the last year for which data was available.

Education Level Number of Grads
Undergraduate Certificate 4,474
Associate Degree 3,426
Basic Certificate 1,098
Bachelor’s Degree 6

What Majors Need to Know

People with careers related to medical insurance specialist/medical biller were asked what knowledge areas, skills, and abilities were important for their jobs. They weighted these areas on a scale of 1 to 5 with 5 being the highest.

Knowledge Areas for Medical Insurance Specialist/Medical Biller Majors

This major prepares you for careers in which these knowledge areas are important:

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  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Clerical - Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

Skills for Medical Insurance Specialist/Medical Biller Majors

When studying medical insurance specialist/medical biller, you’ll learn many skills that will help you be successful in a wide range of jobs - even those that do not require a degree in the field. The following is a list of some of the most common skills needed for careers associated with this major:

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  • Speaking - Talking to others to convey information effectively.
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Service Orientation - Actively looking for ways to help people.
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.

Abilities for Medical Insurance Specialist/Medical Biller Majors

Some of the most crucial abilities to master while a medical insurance specialist/medical biller student include the following:

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  • Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
  • Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
  • Speech Recognition - The ability to identify and understand the speech of another person.
  • Speech Clarity - The ability to speak clearly so others can understand you.
  • Written Comprehension - The ability to read and understand information and ideas presented in writing.

What Can You Do With a Major?

People with a medical insurance specialist/medical biller degree often go into the following careers:

Job Title Job Growth Rate Median Salary
Medical Secretaries 22.5% $35,760

Who Is Getting a Bachelor’s Degree in ?

6 Bachelor's Degrees Annually
50% Percent Women
100% Percent Racial-Ethnic Minorities*
Roughly 50% of the graduates are women, and 50% are men.

Racial-Ethnic Diversity

At the countrywide level, the racial-ethnic distribution of medical insurance specialist/medical biller majors is as follows:

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Race/Ethnicity Number of Grads
Asian 0
Black or African American 0
Hispanic or Latino 6
White 0
International Students 0
Other Races/Ethnicities 0

How Much Do Majors Make?

Salaries According to BLS

The median salary for someone in a career related to medical insurance specialist/medical biller is $37,090. This median refers to all degree levels, so you may expect those with a more advanced degree to make more while those with less advanced degrees will typically make less.

To put that into context, according to BLS data from the first quarter of 2020, the typical high school graduate makes between $30,000 and $57,900 a year (25th through 75th percentile). The average person with a bachelor’s degree (any field) makes between $45,600 and $99,000. Advanced degree holders make the most with salaries between $55,600 and $125,400.

Median Salary for a <nil> Major  37,090
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Median Salary for a High School Graduate  ( 30000 to 57900 )
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Median Salary for a Bachelor's Degree Holder  ( 45600 to 99000 )
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250K
Median Salary for an Advanced Degree Holder  ( 55600 to 125400 )
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250K

Some degrees associated with medical insurance specialist/medical biller may require an advanced degree, while others may not even require a bachelor’s in the field. In general, the more advanced your degree the more career options will open up to you. However, there is significant time and money that needs to be invested into your education so weigh the pros and cons.

Find out what the typical degree level is for medical insurance specialist/medical biller careers below.

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Education Level Percentage of Workers
High School Diploma - or the equivalent (for example, GED) 37.0%
Post-Secondary Certificate - awarded for training completed after high school (for example, in agriculture or natural resources, computer services, personal or culinary services, engineering technologies, healthcare, construction trades, mechanic and repair technologies, or precision production) 19.7%
Some College Courses 41.3%
Associate’s Degree (or other 2-year degree) 2.0%

Online Programs

The following table lists the number of programs by degree level, along with how many schools offered online courses in the field.

Degree Level Colleges Offering Programs Colleges Offering Online Classes
Certificate (Less Than 1 Year) 0 0
Certificate (1-2 years) 199 25
Certificate (2-4 Years) 0 0
Associate’s Degree 27 8
Bachelor’s Degree 0 0
Post-Baccalaureate 0 0
Master’s Degree 1 0
Post-Master’s 0 0
Doctor’s Degree (Research) 0 0
Doctor’s Degree (Professional Practice) 0 0
Doctor’s Degree (Other) 0 0

Is a Degree in Worth It?

The median salary for a medical insurance specialist/medical biller grad is $37,090 per year. This is based on the weighted average of the most common careers associated with the major.

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You may also be interested in one of the following majors related to medical insurance specialist/medical biller.

Major Number of Grads
Health Care Management 30,702
Medical Insurance Coding Specialist/Coder 10,541
Health Information/Medical Records Technology/Technician 10,010
Medical Administrative/Executive Assistant & Medical Secretary 7,581
Medical Office Assistant/Specialist 4,981
Hospital & Health Care Facilities Administration/Management 3,981
Medical Office Management/Administration 3,470
Health Information Management 2,942
Other Health & Medical Administrative Services 2,251
Medical/Health Management & Clinical Assistant/Specialist 1,257
Medical Reception/Receptionist 730
Clinical Research Coordinator 291
Long Term Care Administration/Management 221
Healthcare Innovation 193
Medical Office Computer Specialist/Assistant 118
Health Unit Coordinator/Ward Clerk 109
Medical Transcription/Transcriptionist 83
Regulatory Science/Affairs 73
Medical Staff Services Technology/Technician 25
Disease Registry Data Management 15
Health Unit Manager/Ward Supervisor 11
Healthcare Information Privacy Assurance and Security 7
Health/Medical Claims Examiner 4

References

*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.

More about our data sources and methodologies.

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