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Billing Specialist Salary

The average Billing Specialist in the United States earns approximately $15.24 per hour. Total cash compensation to Billing Specialists bottoms out near $25K and approaches $47K on the high end; the biggest paychecks include approximately $2K from bonuses and almost $2K from profit sharing. While the company and years of experience impact pay for this group, geographic location is the most influential factor. Between a fifth and a fourth of professionals in this line of work do not receive benefits; however, a fair number report medical coverage and the greater part claim dental coverage as well. The vast majority of Billing Specialists (90 percent) who responded to the survey are women. Most Billing Specialists like their work and job satisfaction is high. The numbers in this rundown were provided by PayScale's salary survey participants.

$29,317 - $52,465
(Median)
$29K
$39K
$52K
MEDIAN: $38,583
10%
50%
90%

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$11.87 - $20.13
(Median)
$12
$15
$20
MEDIAN: $15.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$18K$36K$54K
Salary
$29,317 - $52,465  
   
Bonus
$0.00 - $2,048  
Profit Sharing
$205.42 - $2,490  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$25,412 - $46,738  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 645
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$11$22$33
Hourly Rate
$11.87 - $20.13  
   
Overtime
$17.32 - $32.08  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$22K$44K$66K
Bonus
$0.00 - $2,048  
   
Profit Sharing
$205.42 - $2,490  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$25,412 - $46,738  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 1,778
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Job Description for Billing Specialist

Billing specialists generally complete specific tasks related to a company’s billing and accounting needs; they are supervised by an office manager or billing manager. Day-to-day responsibilities of a billing specialists include preparing and submitting invoices through electronic or non-electronic means to ensure processing and payment; resolving issues related to payments by clients such as rejection or deduction analysis; and communicating with clients, legal staff, or others to coordinate revisions or adjustments for resubmission. Other responsibilities fielding questions from clients, clerical staff, and others; cooperating with the billing manager or office manager to ensure that their work adheres to the standards, guidelines, procedures, and deadlines set by the company; and preparing special documents as required by clients, attorneys, or managers. Billings specialists work in a normal office environment. Their hours depend on the company's needs, and this position may be part time or full time.

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Billing Specialist Tasks

  • Answer customer questions about billing and resolve any errors.
  • Submit customer insurance claims and process payments from insurance companies.
  • Manage customer accounts, collect payments, and update accounts to reflect changes.
  • Work with customers to set up payment plans and ensure bills are paid.

Common Career Paths for Billing Specialist


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Billing Specialists who transition into a Financial Analyst role may receive large pay increases as the latter position pays an average $54K per year. It is quite typical for Billing Specialists to transition into roles as Billing Managers or Billing Supervisors, where reported median earnings are $11K and $7K higher per year.

Billing Specialist Job Listings

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Popular Employer Salaries for Billing Specialist


Popular Skills for Billing Specialist


Survey respondents exploit a significant toolbox of skills in their work. Lucky workers who know Microsoft Word can expect a significant pay bump, scoring salaries 36 percent above average. Data Analysis and Accounting are also correlated to pay that is above average, with increases between 6 percent and 36 percent. At the other end of the pay range are skills like Medicaid Billing, Medical Coding, and Medicaid & Medicare Billing. Those familiar with Accounts Receivable also tend to know Collections and Medicaid & Medicare Billing.

Pay by Experience Level for Billing Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For Billing Specialists, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Salaries of relatively inexperienced workers fall in the neighborhood of $32K, but folks who have racked up five to 10 years see a notably higher median of $35K. The average pay reported by folks with 10 to 20 years of experience is around $37K. Billing Specialists who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $38K.

Pay Difference by Location


Relative to their peers in the rest of the country, professionals in New York, Los Angeles, and Chicago (the largest American cities) reap salaries that surpass the national average. Tampa ranks last in the field for pay, reporting salaries 8 percent below the national average. A couple other locations with smaller-than-average paychecks include Jacksonville and Cleveland (6 percent lower).

Billing Specialist Reviews

What is it like working as a Billing Specialist?

Billing Specialist in Brunswick:
Pros: I like the people I work with and I'm not micro managed.
Cons: Nothing is electronic. I hand key all claims, enter all claims into QuickBooks by hand, track payments (checks) as well as follow up all paper denials.

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Experience Affects Billing Specialist Salaries




National Average
$34,000


Skills That Affect Billing Specialist Salaries

Microsoft Word
up arrow 36%



Accounts Payable
up arrow 4%

Microsoft Excel
up arrow 2%

Billing
0%

Accounts Receivable
0%

Microsoft Office
0%

National Average
$34,000

Collections
up arrow 2%

Customer Service
up arrow 2%

Data Entry
up arrow 3%




Medicaid Billing
up arrow 13%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 481 votes.

Gender

Female
90 %
Male
10 %

Years of Experience

Less than 1 year
4%
1-4 years
39%
5-9 years
25%
10-19 years
24%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 74% dental benefits Dental: 60%
vision benefits Vision: 48% employee benefits None: 23%
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