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Understanding your salary and how it is comprised will with knowing what your making if you can actually make more with a medical billing certificate. Most employees think of what they bring home when someone asks them about their salary. This is common and for the most part is the biggest part of your salary. Now to really understand what goes into making up your salary you need to look at it from your employer’s point of view.
How does my employer look at my salary?
When you are looking at how much you make per hour or per year what do you look at? Your answer is probably how big your paycheck is, while this is true there are a lot of other factors that go into making up your salary. Your employer is thinking of your benefits, office supplies that you use and your hourly rate. It is these 3 parts that make up your salary because it is what you cost your employer. Now that you understand that, try figuring out how much you actually make each year.
Will I make more money with a Medical Billing Certificate?
This question is one that you have to answer. After you know how much you make you can weigh it against how much you can make with a medical billing certificate. Remember that you should take into account what the benefits are of having a medical billing certificate compared to the benefits that you have right now.
The benefits that you have that are probably really close if not the same might include medical benefits, life insurance and vacation time. Now lets look at other benefits that might change. You might find yourself having more free time with a career change into the medical billing field. This will allow you to spend more time with your friends and family. These benefits are priceless and they can not be overlooked. After you weigh in these benefits add the dollar difference. You can expect to make around $35,000 to start out as a medical billing specialist. Is the difference worth the career change? Only you can answer that question.
Now that you have a little more understanding on what goes into making up a salary, you can make a more informed decision on the career change. Always remember to talk to your family about the career change, since it will also affect them. Keeping the final decision yours is very important, so explain the gains and setbacks associated with the change and make sure everyone involved is prepared.
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