A person working as a Medical Billing Specialist in United States of America will on average earn $39919 per year (pre-tax value). Salary is provided in USD ($/dollar) value.
Below is a break-down of yearly, monthly, weekly and hourly rate.
| Rate Type | Amount (USD) |
|---|---|
| Yearly salary | $39,919.00 |
| Weekly salary | $767.67 |
| Daily salary | $109.37 |
| Hourly salary | $13.67 |
This means medical billing specialist salary is below average!
Job Industry: healthcare
Description: A medical billing specialist is responsible for managing and processing medical claims and invoices for healthcare services. They ensure accurate coding, documentation, and submission of claims to insurance companies or government programs. These specialists review patient records, verify insurance coverage, and calculate charges based on the services provided. They also communicate with healthcare providers, patients, and insurance companies to resolve billing issues and ensure timely payment. The role of a medical billing specialist requires strong attention to detail, knowledge of medical terminology and coding systems (such as CPT and ICD-10), and proficiency in using billing software and electronic health record systems. They must stay updated with insurance regulations and guidelines to ensure compliance and maximize reimbursement for the healthcare facility. Strong communication and problem-solving skills are essential in this occupation to effectively navigate complex billing processes and resolve any disputes or discrepancies.
Tagged with: medical billing, healthcare administration, medical coding, insurance claims, revenue cycle management, healthcare finance