How Much Does Medical Billing And
Coding Pay and How Are You Paid?

Video Transcript

Host Question:
Do people working in medical billing and coding typically get paid hourly by salary? Any sort of performance based? How does the compensation usually work?

Medical Biller and Coder Answer:
It’s usually by our hourly. It’s pretty industry wide to be hourly. If you are like a floating manager or supervisor, then that might be a salary type thing. I see mostly an hourly salary. People who go into billing. Some jobs will give you incentive bonuses based on your benchmarks. So you were supposed to bring in $1,000,000 this month and you brought in $1.1 million. You might get a piece of that extra $100,000. So things like that project work? Yes, I do see a lot of project work compensation also by projects, but I would say that’s a minority of the percentage of jobs out there. If you’re working for a doctor’s office, depending on the specialty. So if you worked for a plastic surgeon, that’s mostly cash only because it’s all. Insurance doesn’t cover most plastic surgery unless it’s medically necessary. There’s usually bonuses involved in that. Or anesthesia is another specialty effort where you guys collect the air, you get a quarterly bonus if you make your numbers, and they usually start off at a higher hourly rate.

Medical Biller and Coder Answer:
When you’re working for like Kaiser, it’s because I worked for them for a number of years. Their union, you’re kind of stuck at Union scale. I’ve seen a lot of it hourly because a lot of those employees, although they are very valuable, they’re not high ranking. And so they’re not like managers or supervisors. So they’re typically on a scale of just hourly days, but then it could be as well where some practices and companies, they compensate their medical bills and coders as well with bonuses or commissions where you’re commission, you have to, you know, 50 times out the door every day. And then there could be some $150 or $100 bonus of the actual biller. So it’s very broad. It depends. A lot of in-house billers do get paid. Hourly billing and coding companies may also pay hourly or salary. It just depends on what level you’re at and what position you hold. Freelancers and private contractors can get paid either a flat rate or a percentage, and that’s just going to depend on what their negotiated contract is.