How Much Does It Cost to Get Certified in Medical Billing and Coding?
Being medical coder is some people’s dream. If its yours as well, you need to do whatever it takes to reach your dream. It is including earning the medical coding certification that leads you work as medical coder in a good company. You might be wondering how much does it cost to get certified in medical billing and coding. The answer depends on what program you take and from which school.
If you’re taking the 4-week online course for medical coding and billing, the cost might be lower. But is it certified? Can it lead to the job you need for your future? You need to sit down and calculate everything before you choose a program course provided by a college or school near your location. Medical coding is an investment job so you better be serious in preparing yourself to get the job.
Tuition of medical coding and billing program course varies by college. But the average price that’s published at community colleges today is 3,440 USD for a year. But usually colleges charge their students from 4,200 USD to 19,500 USD for the certificates of medical coding and billing. Exams that are giving you the certification are going to cost you as well.
The exams from AHIMA that’s leading to Certified Coding Associate or CCA is going to cost 299 USD. And the exam to get Certified Professional Coder or CPC from AAPC requires you to pay 300 USD. And there will be extra 125 USD you need to pay for membership. The money you’ll spend to get the certification might make you reconsider your decision to take the course.
There’s something you need to know about what’s behind the high cost of the course. This training indeed requires upfront investment. But then your career as medical coding will give you significant return. Data shows that median salary of medical coder is 35,374 USD which means you’ll get 14 USD every hour. Getting accredited education in this field is even increasing the potential salary.
Besides, accredited education in medical coding you get from trusted college is going to lower the unemployment risk. Salary Survey of AAPC is showing that all certified members that have one credential can make 46,899 USD on the average. Advanced training that gives you more credentials will bring average salary up to 65,643 USD. Don’t you think what you spend right now is nothing?
If you still cannot afford the cost of medical coding program course, you can do your best to qualify for the federal financial aid. Once you submit FAFSA, you can get FSEOG Grant, Direct Loans, Perkin Loans, and Pell Grant. Professional organizations even provide financial resources that are lucrative for the majors of medical coding and billing.
AHIMA Foundation for example is sponsoring more than fifty Merit Scholarships that range from 1,000 to 2,500 USD every summer. AAPC also offers Hardship Scholarship that supports the future coders who need significant financial help. Partners Healthcare Medical Coding Loan Forgiveness has a program that will wipe your debt up to 10,000 USD. Ready to apply for medical coding program?