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Medical Insurance Coding Specialist Major

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Medical Insurance Coding Specialist

$34,540 Median Salary

Types of Degrees Medical Insurance Coding Specialist Majors Are Getting

The following table lists how many medical insurance coding specialist/coder graduations there were in 2017-2018 for each degree level.

Education Level Number of Grads
Undergraduate Certificate 5,683
Basic Certificate 2,462
Associate’s Degree 1,919

What Medical Insurance Coding Specialist Majors Need to Know

People with careers related to medical insurance coding specialist/coder 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 Coding Specialist/Coder Majors

Medical Insurance Coding Specialist/Coder majors often go into careers in which the following knowledge areas are important:

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  • 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.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • 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.
  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
  • Medicine and Dentistry - Knowledge of the information and techniques needed to diagnose and treat human injuries, diseases, and deformities. This includes symptoms, treatment alternatives, drug properties and interactions, and preventive health-care measures.

Skills for Medical Insurance Coding Specialist/Coder Majors

When studying medical insurance coding specialist/coder, 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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  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • 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.
  • Social Perceptiveness - Being aware of others’ reactions and understanding why they react as they do.
  • Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.

Abilities for Medical Insurance Coding Specialist/Coder Majors

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

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  • Near Vision - The ability to see details at close range (within a few feet of the observer).
  • Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
  • Written Comprehension - The ability to read and understand information and ideas presented in writing.
  • 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.

What Can You Do With a Medical Insurance Coding Specialist Major?

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

Job Title Job Growth Rate Median Salary
Medical Assistants 29.0% $33,610
Medical Records and Health Information Technicians 13.5% $40,350

How Much Do Medical Insurance Coding Specialist Majors Make?

Salaries According to BLS

Average salaries range from $34,540 to $44,010 (25th to 75th percentile) for careers related to medical insurance coding specialist/coder. This range includes 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 Insurance Coding Specialist Major  ( 34540 to 44010 )
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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 degrees associated with medical insurance coding specialist/coder 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 coding specialist/coder careers below.

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Education Level Percentage of Workers
High School Diploma - or the equivalent (for example, GED) 32.7%
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) 34.2%
Some College Courses 15.0%
Associate’s Degree (or other 2-year degree) 19.3%
Bachelor’s Degree 0.3%

Online Medical Insurance Coding Specialist Programs

In the 2017-2018 academic year, 583 schools offered some type of medical insurance coding specialist/coder 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) 177 29
Certificate (1-2 years) 396 92
Certificate (2-4 Years) 4 0
Associate’s Degree 130 38
Bachelor’s Degree 0 0
Post-Baccalaureate 177 29
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 Insurance Coding Specialist Worth It?

The median salary for a medical insurance coding specialist/coder grad is $34,540 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 coding specialist/coder.

Major Number of Grads
Health Care Management 25,124
Health Information/Medical Records Technology/Technician 10,401
Medical Administrative/Executive Assistant & Medical Secretary 9,587
Medical Insurance Specialist/Medical Biller 8,229
Medical Office Assistant/Specialist 6,592
Hospital & Health Care Facilities Administration/Management 4,149
Medical Office Management/Administration 3,952
Health Information Management 2,849
Other Health & Medical Administrative Services 2,477
Medical/Health Management & Clinical Assistant/Specialist 1,579
Medical Reception/Receptionist 744
Long Term Care Administration/Management 330
Medical Office Computer Specialist/Assistant 290
Medical Transcription/Transcriptionist 269
Health Unit Coordinator/Ward Clerk 198
Clinical Research Coordinator 178
Health Unit Manager/Ward Supervisor 21
Medical Staff Services Technology/Technician 21
Health/Medical Claims Examiner 4

References

More about our data sources and methodologies.

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