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Is medical coding a good job?

By Zippia Team - Oct. 25, 2022

Yes, medical coding is a good job. According to the Bureau of Labor and Statistics, medical coding is one of the 20 fastest-growing occupations. One of the reasons that medical coding is a fast-growing occupation is due to the job security and quality of life factors.

Despite economic fluctuations impacting employment opportunities for most professions, health information technicians have remained at an all-time high and will continue to do so. More than 72% of coders work for a hospital or health system, and of those, more than 50% are fully remote-based employees; only 17% reported being onsite.

As telemedicine visits skyrocketed, so did the demand for remote-based coders. Those with experience coding telemedicine services can work anywhere and will have a skillset that will set them apart from the competition.

A medical coder can expect to earn an average annual salary of $48,000 per year or $23.21 per hour. Coders with a great deal of experience can expect to earn an annual salary of $73,000 per year or $35.27 per hour. The industry is expected to continue to grow by 8.54% between 2020 and 2030.

This projection means there will be a need for approximately 363,000 coders by 2030.

In addition to a stable industry, there is room for advancement. After gaining experience, coders can work in:

  • Practice management

  • Medical auditing

  • Compliance

  • Clinical documentation improvement

  • Education

  • Consulting

  • Specialized billing (electronic transactions, cardiology billing)

Is medical coding a good job?

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