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Medical Biller/Insurance Specialist Major

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Medical Biller/Insurance Specialist

3 Bachelor's Degrees Annually
#130 in Popularity
$37,090 Median Salary

Types of Degrees Medical Biller/Insurance Specialist Majors Are Getting

The following table lists how many medical insurance specialist/medical biller graduations there were in 2018-2019 for each degree level.

Education Level Number of Grads
Undergraduate Certificate 3,130
Associate’s Degree 2,731
Basic Certificate 1,755
Bachelor’s Degree 3

What Medical Biller/Insurance Specialist Majors Need to Know

In an O*NET survey, medical insurance specialist/medical biller majors were asked to rate what knowledge areas, skills, and abilities were important in their occupations. These answers were weighted on a scale of 1 to 5 with 5 being the most important.

Knowledge Areas for Medical Insurance Specialist/Medical Biller Majors

According to O*NET survey takers, a major in medical insurance specialist/medical biller should prepare you for careers in which you will need to be knowledgeable in the following areas:

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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

The following list of skills has been highlighted as some of the most essential for careers related to medical insurance specialist/medical biller:

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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

Medical Insurance Specialist/Medical Biller majors often go into careers where the following abilities are vital:

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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 Medical Biller/Insurance Specialist Major?

Below is a list of occupations associated with medical insurance specialist/medical biller:

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

Who Is Getting a Bachelor’s Degree in Medical Biller/Insurance Specialist?

3 Bachelor's Degrees Annually
100% Percent Women
100% Percent Racial-Ethnic Minorities*

Racial-Ethnic Diversity

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

Racial-Ethnic Diversity of Medical Insurance Specialist/Medical Biller Students with Bachelor's Degrees
Race/Ethnicity Number of Grads
Asian 0
Black or African American 0
Hispanic or Latino 3
White 0
International Students 0
Other Races/Ethnicities 0

How Much Do Medical Biller/Insurance Specialist 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 Medical Biller/Insurance Specialist Major  37,090
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250K
Median Salary for a High School Graduate  ( 30000 to 57900 )
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250K
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 careers associated with medical insurance specialist/medical biller require an advanced degree while some may not even require a bachelor’s. 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.

How much schooling do you really need to compete in today’s job market? People currently working in careers related to medical insurance specialist/medical biller have obtained the following education levels.

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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 Medical Biller/Insurance Specialist Programs

In the 2018-2019 academic year, 257 schools offered some type of medical insurance specialist/medical biller program. 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) 78 12
Certificate (1-2 years) 164 12
Certificate (2-4 Years) 0 0
Associate’s Degree 36 10
Bachelor’s Degree 0 0
Post-Baccalaureate 78 12
Master’s Degree 0 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 Medical Biller/Insurance Specialist 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 26,580
Medical Insurance Coding Specialist/Coder 8,933
Medical Administrative/Executive Assistant & Medical Secretary 8,765
Health Information/Medical Records Technology/Technician 8,662
Medical Office Assistant/Specialist 5,305
Hospital & Health Care Facilities Administration/Management 4,620
Medical Office Management/Administration 3,769
Health Information Management 2,848
Other Health & Medical Administrative Services 2,426
Medical/Health Management & Clinical Assistant/Specialist 1,262
Medical Reception/Receptionist 745
Clinical Research Coordinator 332
Long Term Care Administration/Management 314
Medical Office Computer Specialist/Assistant 268
Medical Transcription/Transcriptionist 186
Health Unit Coordinator/Ward Clerk 182
Medical Staff Services Technology/Technician 30
Health/Medical Claims Examiner 14
Health Unit Manager/Ward Supervisor 8

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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