Billing Specialist Salary

Billing Specialists in the United States are largely female. The average salary of the entire group is approximately $15.36 per hour. In the world of Billing Specialists, overall cash allowance can occasionally include more than $2K from bonuses and, in some exceptional cases, $3K from profit sharing, causing incomes to vary widely between $26K and $47K. Geographic location is the biggest factor affecting pay for this group, followed by the company and years of experience. Health benefits are not claimed by all — somewhere between a fifth and a fourth lack any form of coverage — but a fair number have medical insurance, and the larger part have dental, too. Most Billing Specialists report high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.

$29,526 - $53,593
(Median)
$30K
$39K
$54K
MEDIAN: $39,223
10%
50%
90%

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$11.93 - $20.23
(Median)
$12
$15
$20
MEDIAN: $15.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$18K$36K$54K
Salary
$29,526 - $53,593  
   
Bonus
$0.00 - $2,067  
Profit Sharing
$394.53 - $2,534  
Commission
$1,200  
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).
)
$25,515 - $47,109  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 750
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$11$22$33
Hourly Rate
$11.93 - $20.23  
   
Hourly Tips
$0.00  
Overtime
$17.68 - $32.08  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Bonus
$0.00 - $2,067  
   
Commission
$1,200  
Profit Sharing
$394.53 - $2,534  
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).
)
$25,515 - $47,109  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 2,258
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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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For Billing Specialists, progressing to a Financial Analyst role may result in a significant raise. On average, a Financial Analyst can earn $55K annually. A common career progression for a Billing Specialist is to become a Billing Manager or a Billing Supervisor. Compared to Billing Specialists, the first group earns $12K more on average, and the second group earns $7K more.

Billing Specialist Job Listings

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Popular Employer Salaries for Billing Specialist


Popular Skills for Billing Specialist


Billing Specialists seem to require a rather large skill set. Most notably, skills in Microsoft Word, Data Analysis, Accounting, and Accounts Payable are correlated to pay that is above average, with boosts between 7 percent and 15 percent. Skills that pay less than market rate include Medicaid Billing, Medical Coding, and Medicaid & Medicare Billing. Those proficient in Accounts Receivable are, more often than not, also skilled in 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.


More years of relevant experience do not necessarily translate to higher paychecks. Relatively untried employees who have less than five years' experience make $32K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $35K. Billing Specialists claiming one to two decades of experience make an estimated median of $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

National Average: $33,989

Larger city markers indicate a job is popular in that location.

Home to some of the best pay for Billing Specialists, Los Angeles offers exceptional salaries, 24 percent above the national average. Billing Specialists will also find cushy salaries in Chicago (+21 percent), Denver (+15 percent), San Diego (+14 percent), and Seattle (+10 percent). Tampa is the lowest-paying area, 8 percent south of the national average. Not at the bottom but still paying below the median are employers in Cleveland and San Antonio (7 percent lower and 5 percent lower, respectively).

Billing Specialist Reviews

What is it like working as a Billing Specialist?

Billing Specialist in Chicago:
"Highly engaging."
Pros: Multi-tasking, training of others, work independently, teamwork, customer and vendor relations.
Cons: Growth opportunities.

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 15%



Accounts Payable
up arrow 3%

Microsoft Excel
up arrow 2%

Accounts Receivable
up arrow 1%

Microsoft Office
up arrow 1%

Billing
0%

National Average
$34,000

Collections
up arrow 2%

Customer Service
up arrow 2%

Data Entry
up arrow 4%




Medicaid Billing
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 558 votes.

Gender

Female
90 %
Male
10 %

Years of Experience

Less than 1 year
3%
1-4 years
39%
5-9 years
24%
10-19 years
24%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 74%
dental benefits
Dental: 60%
medical benefits
Vision: 49%
dental benefits
None: 23%
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