Medical Billing & Coding Salary in New Hampshire - NH
During May of 2009, the estimated annual medical billing and coding salary in New Hampshire was $32,630, which was an average of roughly $15.69 per hour. However, there were only 1,090 medical coders and billers working in New Hampshire at that time. Considering that there is a total statewide population of 1,305,000; it is no wonder that demand is expected to increase by 20% over the next 8 years. Interestingly, the highest reported average salary in New Hampshire was around $49,510, which means that professionals in this field are set up for financial gain after accumulating a few years of professional experience.
One of the epidemics driving the need for additional coders and billers in New Hampshire is the increasing need for healthcare. In 2005, nearly 1/3 of the state’s population was made up of the baby boomer generation, residents aged 50 years and older. The Centers for Disease Control and Prevention stated that aging is one of the major factors creating challenges in the healthcare system, as this particular age bracket is at an elevated risk for developing chronic conditions like cancer, diabetes, stroke, and mental health diseases; all of which create a substantial need for routine medical care.
Yearly income rates from various locations in New Hampshire:
- Portsmouth: $34,970
- Manchester: $29,920
- North Andover: $34,560
- Nashua: $33,120
- Western New Hampshire: $39,170
Annual salary figures are courtesy of the U.S. Bureau of Labor Statistics