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Medical Billing and Coding Services

SIC 8721  |  NAICS 541219

The following guide to industry research and analysis provides sources for industry statistics, trends, and forecasts, financial ratios, salary surveys, and more.

See the following sections listed below to view available resources by category:

For guides to other industries, see our index of over 400 industries.

Industry Analysis, Statistics, Trends, and Forecasts

Medical Claims Processing Services  (view report)
Third-Party Administrators & Insurance Claims Adjusters  (view report)
Comprehensive industry research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Topics addressed in the reports include:
Sample industry research reports and selected industry statistics including market size, five-year average growth rate, number of businesses, and total employment are available free online.

Billing-Coding, Inc.
BC Advantage Magazine
Monthly trade magazine features news and information for billing and coding personnel, with topics covered including billing, coding, compliance, reimbursement, legal issues, office management, and more. Full access to the magazine is limited to subscribers; selected articles from current and prior issues are available online.

American Academy of Professional Coders
Information resources available from this organization include:

Healthcare Business Monthly
Monthly professional journal features news and information related to billing and coding, compliance, auditing, practice management, and more, with special features including the annual "AAPC Healthcare Salary Survey". Publication is available by subscription only; prior issues can be accessed by members in the PDF archive.

Coding Help
"Coding Help" section provides a summary overview of job responsibilities for billing and coding personnel, and also includes information on reimbursement, auditing, code sets, AAPC training courses, and coding and reimbursement programs as well as a medical terminology glossary. All information can be viewed free online.

Work of A Coder Survey
Comprehensive survey provides demographic information regarding work environment, certifications, and employment situation, and addresses issues specific to work and working relationships. Summary article, survey results, survey analysis, white paper, and participant comments are all available online.

Billing Journal
Bimonthly trade journal features news and information for medical billing companies, with topics covered including coding, compliance, business practices, operations management, and more. Current issue of this publication is available to members only; PDF version of prior issues can be viewed online with registration.

Entrepreneur Magazine Business Startup Guides
Medical Claims Billing Service
Business startup guide provides an overview of the medical claims billing industry and takes users through the various aspects of starting a business in this industry and running it successfully. Table of contents and selected excerpts from the Kindle edition can be viewed online via's "Look Inside" feature.

Market Analysis

Market analysis report provides industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.

Financial Statements and Financial Ratios

Industry Financial Ratios
Medical Billing Services  Search for "541219"
Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level including:
Sample customizable reports that allow users to compare their company to industry financial ratios on a national and metro area basis are available free online.

Benchmarking Report & Worksheets
Benchmarking report provides ratios and other measures which can be used to analyze the financial and operating performance of a medical billing practice, and includes two worksheets that can be used to calculate net cash flow, turn-around time, voluntary adjustments, and other key practice benchmarks.

Compensation and Salary Surveys

American Academy of Professional Coders
AAPC Healthcare Salary Survey
Annual salary survey provides compensation and benefits information for billing and coding personnel, with compensation data reported by level of certification, education level, years of experience, type of employer and workplace setting, and geographic region. Current and prior year surveys are available free online.

U.S. Bureau of Labor Statistics
Occupational Outlook Handbook - Medical Records Technicians
Information provided for this occupational category includes a description of the nature of the work and the work environment, number and types of jobs, education and training requirements, wages and earnings, employment outlook, and sources for additional information. All information is available free online.

Business Valuation Resources

Private company sales transaction data for over 800 industries.

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