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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 2018-2019 for each degree level.

Education Level Number of Grads
Undergraduate Certificate 4,804
Basic Certificate 2,460
Associate’s Degree 1,669

What Medical Insurance Coding Specialist Majors Need to Know

In an O*NET survey, medical insurance coding specialist/coder 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 Coding Specialist/Coder Majors

This major prepares you for careers in which these 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

medical insurance coding specialist/coder majors are found most commonly in careers in which the following skills are important:

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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

As you progress with your medical insurance coding specialist/coder degree, there are several abilities you should pick up that will help you in whatever related career you choose. These abilities include:

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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 the salary for a person with just a bachelor’s degree may be a little less and the one for a person with an advanced degree may be a little more.

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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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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Median Salary for an Advanced Degree Holder  ( 55600 to 125400 )
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Some careers associated with medical insurance coding specialist/coder 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.

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 2018-2019 academic year, 506 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) 172 31
Certificate (1-2 years) 339 92
Certificate (2-4 Years) 4 0
Associate’s Degree 100 45
Bachelor’s Degree 0 0
Post-Baccalaureate 172 31
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 26,580
Medical Administrative/Executive Assistant & Medical Secretary 8,765
Health Information/Medical Records Technology/Technician 8,662
Medical Insurance Specialist/Medical Biller 7,619
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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