Medical billing and coding professionals are involved in New Mexico’s largest industry employer, health care. In the decade leading up to 2020 these professionals will see a nearly 30-percent growth rate in their field and find they are working in the second-fastest expanding sector of the medical industry.
As demand for medical billing and coding professionals in New Mexico outpaces supply as is projected, employees in this field can also expect salaries across the state to rise, a trend already experienced in the previous decade.
The present time is opportune for candidates to get the training and education required to become medical coders and billers, who will be prepared as demand in their field grows.
2018 Salary Figures for Medical Billing and Coding Careers in New Mexico
The following numbers represent average salaries in New Mexico’s largest cities:
- Albuquerque: $51,000
- Las Cruces: $52,000
- Rio Rancho: $48,000
- Santa Fe: $50,000
- Roswell: $42,000
- Farmington: $44,000
- Clovis: $39,000
- Hobbs: $39,000
- Alamogordo: $48,000
- Carlsbad: $41,000
Medical billing and coding professionals working in cities tend to earn a higher salary than those working in rural environments, sometimes by a factor of more than $10k. Compared with neighboring states, New Mexico offers a competitive annual average wage, and offers a 90th percentile salary that is higher than two of its neighbors.
Current trends show the prospects for medical billing and coding professionals in New Mexico in 2019 will only improve, making it an ideal time for candidates to obtain the necessary education to become a part of one of the fastest growing sectors in the state.