According to the AAPC’s 2010 Salary Survey the average salary for a Certified Professional Coder (CPC) is $45,000 to $50,000 annually. Pay rates are improving as demand increases, and many companies are paying sign-on bonuses and offering home based coding to lure in coders.
JOB GROWTH
Medical Insurance Billing & Coding employment is expected to grow much faster than the average and job prospects should be very good based on the following facts:
Employment is expected to increase by 20 percent, much faster than the average for all occupations through 2018.
Employment growth will result from the increase in the number of medical tests, treatments, and procedures that will be performed.
With the increasing use of electronic health records, more technicians will be needed to complete the new responsibilities associated with electronic data management.
Projections data from the National Employment Matrix: