Medical Billing & Coding Salary in New Mexico - NM
As of 2013, the average medical billing and coding salary in New Mexico is somewhere around $30,890. However, it is worth noting that the highest average income is about $45,740, which is likely allocated to professionals with more than 10 years of experience. As a new medical billing and coding professional, you can expect your starting salary to range from $10.59 to $14.33 per hour.
In New Mexico, chronic diseases and conditions are the leading causes of an increasing need for healthcare, including laboratory studies, radiologic imaging, oncology treatment, and specialist care. During 2007 alone, 8,030 cases of cancer were diagnosed, of which 790 were cases of colorectal cancer and 1,080 were cases of breast cancer. During 2005, heart disease appeared to be the leading cause of death for more than 3,000 New Mexico residents and accounted for nearly 23% of all deaths in the state that year. It is significant medical factors such as these that are creating an unprecedented level of healthcare in New Mexico, which in turn creates new job opportunities for medical coders and billers.
Annual coding and billing income throughout cities in New Mexico include:
- Albuquerque: $32,990
- Farmington: $34,640
- Las Cruces: $24,060
- Santa Fe: $33,560
- North and West Central New Mexico: $33,350
Annual salary figures are courtesy of the U.S. Bureau of Labor Statistics