Are Medical Billers and Coders in Demand?

Prior to the COVID-19 pandemic, the Bureau of Labor and Statistics (BLS) projected that the healthcare industry would add 29,000 new jobs in the coming decade for medical records and health information specialists, including medical billers and coders. However, due to the pandemic, the need for these professionals has risen exponentially.

This increased demand for medical workers makes now an ideal time to pursue a career in coding and billing. Rapid certification options and a favorable job outlook have made medical billing and coding an appealing professional opportunity. Initial certification programs in either field can be completed remotely in as few as four months.

Keep reading for the job outlook for medical billing and coding and how COVID-19 has impacted the profession.

The BLS indicates a projected 8% job growth rate for medical billers and coders from 2019-29. As the U.S. population ages and more health records are digitized, healthcare facilities seek qualified workers to organize patient information. Billers and coders who can file reimbursement claims from insurance companies and manage that information are in high demand.

The BLS projections were calculated prior to COVID-19, and the pandemic’s impact on job growth in the medical field remains undetermined. However, an increased need for medical services likely means a higher demand for medical coders and billers.

The pandemic has created uncertainty within the medical community. According to an article published by For the Record, “COVID-19 has shut down nearly 30% of the economy, including large swaths throughout healthcare.” Prior to this economic loss, the BLS deemed medical billing and coding one of the fastest-growing fields.

However, the American Academy of Professional Coders (AAPC) states that “The need for healthcare professionals, including health information technicians, is at a historic high — and will remain so.”

COVID-19 has also driven technological developments in an effort to provide services without risking patients’ health. Virtual healthcare visits and telemedicine have become increasingly popular over the last two years. The need for remote billers and coders should rise in proportion to the growing demand for remote care.

As more facilities hire remote workers, the job market may become highly competitive. Employers do not have to rely purely on local candidates, and hospitals that are struggling financially might seek cheaper labor from companies overseas.

Billers and coders must distinguish themselves among national and international competition through education, training, and certification.

Typically, it is possible to become a medical biller or coder with a high school diploma or the equivalent, although some associate and bachelor’s degree programs are available. Medical billers and coders can remain competitive in the job market by becoming certified. While certifications are not required by law, they can lead to more job opportunities and increased earning potential.

The following certifications are available for medical billers:

Medical coders can earn the following certifications:

While medical billing and coding are often grouped together due to their many overlapping responsibilities, each role comes with some distinct duties.

Medical billers typically:

Medical coders often:

According to the BLS, medical billers and coders held approximately 341,600 positions in 2019, with the largest percentages working in the following environments:

The AAPC identifies more specific environments where medical billers and coders work:

A medical billing or coding salary depends on many factors, including professional experience, education, certifications, and workplace. According to the BLS, medical billers and coders make an average hourly wage of $21.20, or $44,090 a year. The lowest earning 10% make $28,800 annually, while the highest 10% of earners make $73,370.