Medical Billing Schools In Colorado
There are 5 accredited medical billing schools in Colorado for faculty who teach medical billing classes to choose from. The trends in Colorado's medical billing academic community can be evaluated by looking at the statistics and graphs below. Academia in medical billing includes medical billing training at the following levels:
- Medical Billing Certificate
- Associates degree in Medical Billing
Schools
Cities
Statistics
Professional Trends
Colorado Vs. National Medical Billing Employment
| Colorado | 2,780 |
| National | 176,090 |
Approximately 2% of the country's medical billing professionals work in Colorado state.
Employment Growth for Medical billing professionals In Colorado
| 3,550 | 3,070 | 2,990 | 2,770 | 2,780 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Yellow: Actual Values
In Colorado, medical billing is a shrinking field. In 2010 there were 770 less medical billing professionals working in Colorado than there were in 2006. Thus, in Colorado, this field has shrunk by 22% in four years. This decline is faster than the change in the number of medical billing professionals around the country. Nationally, the number of medical billing professionals has grown by 7% from 2006 to 2010.
Medical Billing VS. All Professions salaries in Colorado
| $31,700 | $34,310 | $35,960 | $37,750 | $38,530 |
| $46,058 | $47,685 | $48,234 | $49,831 | $51,291 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Light Blue: Medical Billing
- Dark Yellow: All Professions
As the number of medical billing professionals is declining, the salaries paid to medical billing professionals are increasing in Colorado. The mean salary for medical billing professionals in 2006 was $31,700 per year. And in 2010 the mean salary was $38,530 per year.
Salary percentiles for Medical billing professionals in Colorado
10th percentile |
$24,520 |
25th percentile |
$29,230 |
50th percentile |
$36,410 |
75th percentile |
$46,210 |
90th percentile |
$56,740 |
This represents a 18% growth in salaries. State trends for all professions mirror this growth. In Colorado state, within the field of medical billing, there is a huge variation in pay. The highest paid medical billing professionals earn 131% more money than those in the bottom 10% of the pay bracket.
Average Salaries for Medical billing professionals and related professions in Colorado
Health Information |
$38,530 |
Health Information Management |
$66,965 |
Medical Billing |
$38,530 |
Medical Coding |
$38,530 |
Medical billing professionals in Colorado earn, on average, less than their counterparts in related professions.
Educational Trends
Medical Billing programs available for each degree type for all schools in Colorado
associate |
2 |
bachelor |
0 |
master |
0 |
doctor |
0 |
Certificate |
4 |
| Total | 6 |
As the number of medical billing professionals is decreasing in Colorado state, the number of students graduating from the 5 accredited medical billing schools in Colorado state is increasing. In 2006 there were 30 medical billing graduates from medical billing courses in Colorado and in 2010 there were 977 graduates.
This represents a 3157% increase in the number of medical billing degree or certificate school graduates in Colorado state. A majority of these graduates, or 67%, graduated with an undergraduate certificate in medical billing.