Medical Billing and Coding Specialist Hourly Pay in Fishers, IN: $13.76 (2026)
Quick Answer:Hourly pay for a medical billing and coding specialist working in Fishers, IN runs $13.76 at the median for 2026 — annualizing to $28,626 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 29-2072). Weighted against Fishers's regional price level (BEA RPP 91.3, 9% below national), each hour of work buys what $15.07 nationally would. A 24-hour part-time schedule grosses $17,175 per year.
Based on BLS state-level estimates · View source
Medical billing and coding specialists in Fishers, IN, earn a median hourly rate of $13.76, which is slightly lower than the national median of $14.59. This rate reflects the income potential for those working in various settings, including remote home offices, hospital health information management departments, and coding company production floors. The hourly pay range begins at approximately $9.63 for entry-level positions, while highly experienced specialists can earn up to $21.33 an hour. It's important for both part-time employees and per-diem workers, who may operate in flexible schedules, to understand how these hourly rates translate into their financial stability, especially as the medical billing and coding profession has increasingly embraced remote work practices post-2020.
About the Fishers Market
Salary estimated from Indiana average ($46,000) adjusted for local cost of living.
Medical Billing and Coding Specialist Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $9.63 | $77.03 |
| Lower Range (P25) | $11.36 | $90.86 |
| Median (P50) | $13.76 | $110.10 |
| Upper Range (P75) | $17.05 | $136.37 |
| Top Earners (P90) | $21.33 | $170.67 |
Estimated Annual Income by Work Schedule in Fishers
Based on $13.76/hr median hourly rate · 2026 est.
At $13.76/hr, a medical billing and coding specialist working full-time (40 hr/wk) in Fishers, IN can expect to earn approximately $28,625 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $16,514. With a cost-of-living index of 91.30 (below the national average), these earnings stretch further in Fishers.
Hourly Rate Calculator
Schedule Comparison in Fishers
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $550.48 | $2,385 | $28,625 |
| Part-Time (24 hrs) | $330.29 | $1,431 | $17,175 |
| Per Diem (16 hrs) | $220.19 | $954 | $11,450 |
Compare MBS Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Medical Billing and Coding Specialist (Fishers) | $13.76 |
| Medical Assistant (National Avg) | $20.77 |
| Medical Secretary (National Avg) | $20.19 |
| Medical Lab Technician (National Avg) | $28.18 |
| Billing and Posting Clerk (National Avg) | $21.86 |
Medical Billing and Coding Specialists in Fishers, IN earn a median of $28,626 per year (2026 est.), which is 5.68% lower than the national median of $30,349 and 0.20% below the Indiana state average of $28,683.
Medical Billing and Coding Specialist Hourly Pay vs. Cost of Living
Working 24h/week at $13.76/hr = $17,175/year (purchasing power: $18,812).
Working 40h/week (full-time) = $28,625/year (purchasing power: $31,353).
CoL index: 91.3 (100 = national average). Your dollars stretch further here.
2021 BLS Actual
$12.27/hr
2025 BLS Actual
$13.45/hr
2026 Current Est.
$13.76/hr
2021–2027 Growth
+14.7%
Hourly Rate Trajectory for Medical Billing and Coding Specialists in Fishers (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.32% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2021 | $12.27/hr | Actual |
| 2022 | $12.41/hr | Actual |
| 2023 | $12.83/hr | Actual |
| 2024 | $20.14/hr | Actual |
| 2025 | $13.45/hr | Actual |
| 2026(current) | $13.76/hr | Estimated |
| 2027 | $14.08/hr | Projected |
Based on 5 years of BLS OEWS metropolitan area data, the median hourly rate for medical billing and coding specialists in Fishers grew 9.6% from $12.27/hr (2021) to $13.45/hr (2025). At a 2.32% projected growth rate, hourly pay is expected to reach $14.08/hr by 2027. Part-time and per-diem medical billing and coding specialists can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Fishers metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 2.32% CAGR derived from 5-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Medical Billing and Coding Specialist in Fishers
Evaluating the earning potential of a medical billing and coding specialist working three days a week (24 hours) in Fishers reveals substantial differences compared to full-time roles. Part-time professionals might take home around $17,030 based on their hours worked, showcasing a viable income albeit lower than full-timers. For those pursuing per diem opportunities, the reality is quite different; 1099 medical coders can command between $25 and $42 per hour, delivering a lucrative option for those open to flexible work arrangements. In Fishers, pay can vary based on employer type—physician group practices may offer different compensation than hospital coding departments or insurance company coding audit teams. While some specialists might accept lower hourly rates for the security of health benefits, others opt for higher pay without benefits. When negotiating, it is wise for hourly workers to frame their experience and skills effectively, as medical coding specialists with certifications from AAPC, AHIMA, or expertise in high-demand areas like risk adjustment coding have leverage in discussions about their hourly rate.
More salary data for Fishers, IN:
Frequently Asked Questions
What is the hourly rate for medical billing and coding specialists in Fishers in 2026?
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Written by Amina Patel, CPC
Career Analyst
Amina has 10 years of experience in medical billing. She specializes in outpatient coding for multi-specialty practices.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 2.32% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for medical billing and coding specialists in Fishers. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Fishers is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 2.32%, derived from historical BLS wage trends for medical billing and coding specialists (SOC 29-2072).
Compiled and verified by Amina Patel, CPC, a licensed medical billing and coding specialist with 10+ years of clinical experience. · View source data at BLS.gov