Medical Billing and Coding Services
SIC 8721 | NAICS 541219
The following guide to industry information, research, and analysis provides
sources for industry trends
and statistics, financial ratios, salary surveys, and more.
See
the following sections listed below to view available resources by category:
industry analysis, trends, statistics, and
forecasts; financial
statements and financial ratios;
compensation and salary surveys;
and business valuation resources.
For guides to other industries, see
our index of over 400 industries.
Industry Analysis, Trends, Statistics, and Forecasts
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:
- Market size, product segments, and major markets
- Key industry trends, statistics, and financial ratios
- Operating conditions and current performance
- Competitive landscape and environment
- Major company profiles and market shares
- Five-year outlook and growth forecasts
Sample report and selected data including market size based on revenue, five-year average growth rate, number
of businesses, and total employment are available free online.
Billing-Coding, Inc.
BC Advantage Magazine
http://www.billing-coding.com/
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
https://www.aapc.com/publications
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
https://aapc.com/resources
"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
https://aapc.com/research
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.
HBMA
Billing Journal
https://www.hbma.org/
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
https://bookstore.entrepreneur.com/
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 Amazon.com's "Look Inside" feature.
BizMiner
Market Analysis
https://www.bizminer.com
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
BizMiner
Industry Financial Ratios
Medical Billing Services
https://www.bizminer.com
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:
- Income and expenses in dollars and percentages
- Balance sheets in dollars and percentages
- Profitability and return on investment ratios
- Liquidity and working capital ratios
- Asset turnover and efficiency ratios
- Capital structure and debt service ratios
Sample national and metropolitan area reports are available free online.
AMBA
Benchmarking Report & Worksheets
http://www.ambastore.net/
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
https://www.aapc.com/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
https://www.bls.gov/medical-records-technicians.htm
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.
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