Medical Coding Compliance Specialist

7.850.152 ISK (ISK)/yr

3.774,11 ISK (ISK)/hr

129.528 ISK (ISK)/yr

The average medical coding compliance specialist gross salary in Iceland is 7.850.152 ISK or an equivalent hourly rate of 3.774 ISK. In addition, they earn an average bonus of 129.528 ISK. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Iceland. An entry level medical coding compliance specialist (1-3 years of experience) earns an average salary of 5.917.287 ISK. On the other end, a senior level medical coding compliance specialist (8+ years of experience) earns an average salary of 9.488.479 ISK.

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ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

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10.038.103 ISK (ISK)

28 %

Based on our compensation data, the estimated salary potential for Medical Coding Compliance Specialist will increase 28 % over 5 years.

Education data not available for this job

Iceland

Cost of living is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.

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Iceland (Icelandic: Ísland, pronounced [ˈistlant] ) is a Nordic island country between the North Atlantic and Arctic Oceans, on the Mid-Atlantic Ridge between North America and Europe. It is linked culturally and politically with Europe and is the region's most sparsely populated country. Its capital and largest city is Reykjavík, which is home to about 36% of the country's roughly 380,000 residents. The official language of the country is Icelandic. Located on a rift between tectonic plates, Iceland...

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Confirms compliance with applicable coding guidelines for coding systems. Reviews and audits medical records to verify the accuracy and completeness of coding. Analyzes clinical documentation to prevent denials and audits from insurance carriers. Educates and trains medical coders and healthcare providers on proper coding techniques, compliance standards, and regulatory changes. Develops and implements coding policies and procedures to minimize compliance... risk and enhance the integrity of the coding process. Collaborates with the billing department to resolve coding discrepancies and to facilitate accurate and timely reimbursement for services rendered. Keeps abreast of changes in coding standards, government regulations, and third-party payer policies to ensure ongoing compliance. Prepares and presents reports on audit findings, compliance initiatives, and the status of coding accuracy to management and relevant committees. Responds to inquiries from healthcare providers and coding staff regarding complex coding scenarios and provides expert guidance. Participates in the development and maintenance of a comprehensive compliance program that includes risk assessment, monitoring, and corrective action plans. Acts as a liaison with external auditors and regulatory agencies during compliance reviews and investigations. Manages the coding compliance monitoring systems and utilizes software tools to streamline the audit process. Facilitates continuous quality improvement in coding practices through feedback, updated training modules, and performance monitoring. Advises on the impact of coding changes and assists in strategizing for optimal financial outcomes. Ensures the confidentiality and security of medical records and patient information in compliance with HIPAA and other privacy laws. Read More

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Disclaimer

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Professionals should subscribe to SalaryExpert’s Assessor Platform.

ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

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