Medical Billing And Coding Technician salary in Iceland

Average Yearly Salary of Medical Billing And Coding Technician in Iceland is approximately 8,680,096 ISK (60,594 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Medical Billing And Coding Technician do?

A medical billing and coding technician is responsible for translating medical procedures, diagnoses, and treatments into universally recognized alphanumeric codes. They play a crucial role in the healthcare system by ensuring accurate and timely billing and reimbursement processes. These technicians review patient records, assign appropriate codes, and submit claims to insurance companies or government programs for payment. Additionally, they may also handle patient inquiries regarding billing and insurance coverage. Attention to detail, knowledge of medical terminology, and proficiency in coding systems such as ICD-10-CM and CPT are essential for success in this occupation. Medical billing and coding technicians often work in hospitals, clinics, or private practices, collaborating with healthcare professionals, insurance companies, and patients to ensure smooth financial operations.

Skills: Medical billing, Coding technician, Healthcare administration, Insurance reimbursement, Health information management, Revenue cycle management.
Job industry: Healthcare

How much does Medical Billing And Coding Technician make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Medical Billing And Coding Technician a well paid job?

Yes, our data show that Medical Billing And Coding Technician is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Medical Billing And Coding Technician?

High salary for Medical Billing And Coding Technician would be somewhere between 9,548,106 ISK and 12,586,139 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Medical Billing And Coding Technician in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 8,680,096 ISK
Estimated Monthly Salary: 723,341 ISK
Estimated Weekly Salary: 166,925 ISK per week
Estimated Hourly Salary: 4,173 ISK per hour
By working as Medical Billing And Coding Technician a person can save up to 2,321 USD per month or 27,848 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Medical Billing And Coding Technician

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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