As the country’s sub 5% unemployment rate continues to improve, Wyoming’s rate of unemployment is at an enviable 4.2 percent as of the first quarter of 2018, according to the Bureau of Labor Statistics. This is helped in no small part by the nation-wide estimation that through the year 2020 the health care field, including medical billing and coding, is expected to increase by over 20%.
The top Wyoming medical billing and coding salaries are higher on average than many of its neighbors. The state’s average salaries in the field are additionally higher on average than Utah and New Mexico and on par with Idaho and Montana.
2018 Wyoming Medical Billing and Coding Salaries
- Statewide $48,000
- Cheyenne $45,000
- Casper $46,000
- Laramie $44,000
- Gillette $43,000
- Rock Springs $45,000
- Sheridan $44,000
- Green River $43,000
- Evanston $41,000
Entry-level 10th percentile salaries are currently calculated at nearly $39,000, while the top 90th percentile salaries are more than 30% higher, at an average of just over $50,000. By a recent tally there were nearly 2,000 medical billing and coding professionals in the field working across Wyoming.
2019 Wyoming Medical Billing and Coding Salary Projections
According to a report released by the Department of Energy, employment in Wyoming health care firms is expected to grow substantially in the coming decades. As medical billing and coding positions become increasingly competitive employees can also expect to see a steady rise in the wage level. Two dominating factors contributing to the salary increase are the state’s growing number of residents over 65 as well as rising levels of insured citizens.
As Wyoming’s senior citizen levels approach one-quarter of its total population as predicted in the coming decade-and-a-half, medical coders and billers will find themselves in an area of the country with one of the highest earning potentials. Now is the time to begin preparations in this career field.