Medical Billing and Coding Jobs in New Mexico
Three significant employers of medical billing and coding professionals in New Mexico are:
Alta Vista Regional Hospital
- Address: 104 Legion Drive, Las Vegas, NM 87701
- Email Address: Click here for their contact form.
- Phone Number: 505-426-3500
- Website: www.altavistaregionalhospital.com
Alta Vista Regional has 54 licensed beds in a facility that houses 29 active physicians, 33 courtesy physicians, and 313 employees. Their specialties include family practice, general surgery, urology, radiology, pediatrics, ophthalmology, obstetrics, gynecology, internal medicine, and neurology. Employee benefits at Alta Vista Regional include retirement plans with employer match, paid time off, bereavement leave, tuition assistance, and medical, dental, and vision coverage.
Presbyterian Kaseman Hospital
- Address: 8300 Constitution Ave. NE, Albuquerque, NM 87110
- Email Address: Click here to access their contact page.
- Phone Number: 505-291-2000
- Website:Presbyterian Kaseman Hospital
Kaseman is one of eight hospitals in the Presbyterian Healthcare Services system, which employs more than 500 practitioners and physicians. Kaseman has 170 licensed beds and 111 staffed beds. It is home to Presbyterian Behavioral Health and the M.D. Anderson Cancer Center/Radiation Treatment Center. The benefits of working at a PHS location include dental coverage, vision care, paid time off, spending accounts for healthcare and daycare, long- and short-term disability, an educational plan similar to the 529 college savings plan, and other perks.
Lea Regional Medical Center
- Address: 5419 N. Lovington Hwy, Hobbs, NM 88240
- Email Address: Click here for their contact form.
- Phone Number: 575-492-5000
- Website: www.learegionalmedical.com
Lea Regional has 201 licensed beds, 52 active physicians, and 560 hospital employees serving a population of 49,000 in Hobbs, N.M. Their specialties include cardiology, gastroenterology, general surgery, urology, pediatrics, occupational medicine, gynecology, orthopedic surgery, and more. Benefits at Lea Regional include paid time off; dental, health, and vision plans; retirement options with employer match; and tuition reimbursement.
Medical Billing and Coding Salary in New Mexico
New Mexico’s medical coding and billing niche demonstrates a positive future economic outlook. Medical billing and coding falls under the Education and Health Services sector; according to the same BLS source, the sector’s employment rates increased from January to June of 2012. This is most likely the result of two factors. First, New Mexico has adopted the Medicaid incentive program, which awards physicians $63,750 to transfer their health records to an electronic database. This incentive is partially intended to offset the costs of medical billers and coders in New Mexico that will need to be hired to make this transfer go smoothly. The result, like with other state Medicaid programs offering electronic medical records incentives, is that medical billers and coders can expect increased job growth in New Mexico in coming years.
Second, data indicates that an aging population will increase demand on the medical industry as a whole, thus increasing demand on the medical records and health information industry. According to the BLS, demand for medical records and health information professionals is expected to increase nationwide by 21% from 2010 to 2020; this projected employment increase is higher than the average job growth expected of other U.S. occupations in that same time frame. And, given that the U.S. Census Bureau reported this year that New Mexico’s senior citizens represent 13.2% of its total population, the state should see the demand the BLS projects.
The average medical biller and coder holds Certified Professional Coder (CPC) certification, and many also have an associate degree. Neither of these are required by every employer, but many employers do require one, the other, or both. Certification can be obtained by the American Academy of Professional Coders (AAPC) once a prospective medical biller and coder meets three conditions. First, they must provide the AAPC with proof that they have either earned 80 hours or more of relevant education and spent one year in the field, or that they have spent two years in the field. Second, they must join or maintain an AAPC membership. Third, students must pass a CPC certification exam, which consists of 150 multiple choice questions. Online programs, whether they be associate degree or exam training programs, will prepare students to pass the CPC exam; some even allow students to take the exam before they’ve completed their training.
Top Cities in New Mexico for Medical Billing and Coding Careers
Listed below are the top areas for medical billing and coding employment in New Mexico. The information is derived from the BLS.
According to the BLS, medical billers and coders working in Farmington have the highest wages. There are about 80 employees who make an average of $17.15 per hour and $35,670 per year, both higher than the state and national averages. The tenth percentile wage is second-highest in the state at $20,690 per year. The ninetieth percentile wage is the highest in the state at $50,810 per year.
The BLS reports that 43% of medical billers and coders in New Mexico work in Albuquerque. The average among the 550 employees make $15.89 hourly and $33,060 annually. The lowest 10% make $20,260 per year, which is slightly below the state average. Meanwhile the highest 10% make $49,150 per year, which is about $2,000 over the state average.
Santa Fe, NM
There are approximately 120 medical billers and coders in Santa Fe, where the average hourly wage is $16.98 and the average annual wage is $35,330, states the BLS. The tenth percentile wage is $23,670 annually and the ninetieth percentile wage is $48,100 annually, which is below the national average.
Las Cruces, NM
The medical billers and coders in Las Cruces make wages well below the state and national averages, according to BLS statistics. These 80 workers make $12.37 per hour and $25,740 per year; the latter of which is about $6,000 less annually than the national and state averages. The lowest tenth of workers make $19,360 per year and the highest tenth of workers make $35,460 per year; these wages are very close to meeting the national averages.