Medical Billing and Coding Salary in New York
- 9,520 Number of Medical Billing and Coding Employees in New York
- $39,970 Average Medical Billing and Coding Salary in New York
- $24,920 90th Percentile Salary
- $57,630 10th Percentile Salary
- Salary Averages Middle Atlantic Region
New York’s education and health services sector’s employment increase indicates a positive outlook for the medical billing and coding industry, as this is its parent sector. Aside from this, BLS projections point to a 21% increase in employment for this industry in the decade following 2010; it asserts that this is because of the growth of the senior citizen population, which accounted for 13% of the nation in 2010 according to U.S. Census Bureau data. The senior citizen population is expected to continue growing as the baby boomer generation ages, placing an increased demand on the medical industry. Given that New York’s senior citizen population in 2010 was above the national average, the state’s medical billers and coders should see the impacts of that demand in future years.
Additionally, New York adopted the Medicaid HER Incentive program which could alter the skill sets and demand for medical billers and coders in the state. Put simply, this program offers healthcare practitioners more than $60,000 over six years if they transfer their medical records into an electronic database. This will undoubtedly increase the demand for medical billers and coders in future years as such a massive project will require more billing and coding professionals.
The American Academy of Professional Coders (AAPC) provides current and prospective medical billers and coders with the Certified Professional Coder (CPC) certification many employers prefer. According to the AAPC, professionals with certification earn 20% more than those without it, and are more likely to not only obtain jobs, but also experience job stability. Three requirements must be met by those seeking certification from the AAPC. They must demonstrate to the association that they have at least two years of professional experience in medical billing and coding, or have completed at least 80 hours of relevant education and one year of professional experience in medical billing and coding. They must also prove they are members of the AAPC and pass the 150-question certification exam. Many online and classroom associate and training programs exist that prepare students to pass the AAPC’s exam; some programs even allow students to take the certification exam before they’ve completed the program.