Many medical billing schools in Maryland, both online and on campus, give prospective students a number of educational options. Various programs, from Certificate programs which last 9 months to a year, to Diploma programs, to Associate's Degree programs, which typically last two years, meet a variety of student's educational goals.
Maryland has 11 four year public colleges and universities in the University of Maryland system, 3 additional public colleges, 20 community colleges, and 27 private universities, many of which offer medical billing specialist school programs. In addition, many online options offer the convenience and flexibility not usually found in a campus setting.
When investigating the various programming options, be sure to determine what the coursework entails. Topics should include International Classification of Disease (ICD) and Current Procedural Technology (CPT) codes, how to fill out a CMS 1500 form, and how to read an Explanation of Benefits (EOB). Your coursework should include a significant amount of hands-on experience either in an internship or with mock documents for you to practice on.
Be sure your instructors have actual experience in the medical billing and coding field, either in a medical practitioner setting or having run a successful medical billing business themselves. If career placement assistance is offered, find out the success rate of actually placing medical billing specialists in jobs. Talking to both instructors and current and former students will help you get an accurate picture of the programs you are considering.
Once your education at one of the medical billing schools in Maryland is complete, the best job opportunities for Old Line State residents may be found in the urban areas of Baltimore, Frederick, Gaithersburg, Bowie, Rockville, Hagerstown, Annapolis, and the District of Columbia.
DC, in fact, ranks #8 for top paying states in the medical billing field nationally, with medical billing professionals there earning a mean hourly wage of $25.42 and a mean annual wage of $52,870. That represents an impressive $9,000 leap in annual income from 2012 and 2014 (the last two BLS reporting years--see below).
The US Department of Labor's Bureau of Labor Statistics conducts biannual wage surveys across all areas of employment. In 2014, the most recent survey done, municipalities reported the following for medical billing professionals:
|Area||Mean Hourly Wage||Mean Annual Wage|
|Washington - Arlington - Alexandria DC, VA, MD||$25.42||$57,870|
|Baltimore - Towson, MD||$22.37||$46,520|
|Bethesda - Rockville - Frederick, MD||$23.00||$47,830|
|Hagerstown - Martinsburg, MD-WV||$19.46||$40,470|
|Upper Eastrn Shore Non-Metropolitan Area||$16.24||$34,610|
|Wilmington DE -MD -NJ||$19.46||$40,480|
Maryland ranks as the #4 top paying state nationally, with its residents earning $21.96 per hour and $45,670 per year. These rates are significantly above the national averages of $18.68 and $38,860 respectively.
In addition, the Baltimore-Towson, MD Metropolitan area ranks #9 nationally for metropolitan areas with the highest concentration of employment, with a total of 2470 jobs in the area.
Further, St. Mary's County ranks #1 in the nation for the top paying non-metropolitan area, with a mean annual wage of $51,130.
As you can see from above, Maryland has the distinction of making several "Top 10" lists concerning the employment of medical billing professionals in the nation. This good news,coupled with the U.S. Census Bureau reporting a 9% population growth rate from 2000 to 2010, and a corresponding increase in healthcare and related fields like medical billing make this a good option for long-term employment.
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