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Billing Specialist Salary

Median pay for Billing Specialists in the United States lies in the neighborhood of $15.25 per hour. Total cash compensation for Billing Specialists runs from $25K to $47K depending on bonuses that can occasionally exceed $2K and profit sharing that can reach almost $2K. Earnings for this group are mostly affected by residence, followed by the specific employer and tenure. Although just under a fourth lack health benefits of any kind, a strong majority do enjoy medical insurance, and a majority get dental coverage, too. Job satisfaction for Billing Specialists is high. The vast majority of Billing Specialists (90 percent) who responded to the survey are women. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$29,287 - $52,541
(Median)
$29K
$39K
$53K
MEDIAN: $38,633
10%
50%
90%

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$11.85 - $20.17
(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
$29,287 - $52,541  
   
Bonus
$0.00 - $2,053  
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).
)
$25,377 - $46,893  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 639
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
$11.85 - $20.17  
   
Overtime
$17.22 - $32.18  
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 - $2,053  
   
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).
)
$25,377 - $46,893  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 1,747

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United States (change)


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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 may experience a large salary bump if they progress into a role such as Financial Analyst. The latter position pays an average of $54K annually. Typical career progression for a Billing Specialist involves becoming a Billing Manager or a Billing Supervisor, roles that pay $11K more and $7K more on average.

Billing Specialist Job Listings

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Popular Employer Salaries for Billing Specialist


Popular Skills for Billing Specialist


Survey takers working as Billing Specialists report using a large range of professional skills. 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. Skills that seem to negatively impact pay include Medicaid Billing, Medical Coding, and Medicaid & Medicare Billing. Most people familiar with Accounts Receivable also 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.


Experience and pay tend to be weakly linked for Billing Specialists — those with more experience do not necessarily bring in higher earnings. The average beginner in this position makes around $32K, but folks who have been around for five to 10 years see a markedly higher median salary of $35K. On average, Billing Specialists make $37K following one to two decades on the job. More than 20 years of experience mean a somewhat bigger median paycheck of $38K, but it's not much more than what less experienced people make.

Pay Difference by Location


Professionals in New York, Los Angeles, and Chicago — the three largest American cities — enjoy a comfortable lifestyle with compensation above the national average. Tampa ranks last in the field for pay, reporting salaries 8 percent below the national average.

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.

Related Job Salaries

United States (change)

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%

National Average
$34,000

Collections
up arrow 2%

Customer Service
up arrow 2%

Data Entry
up arrow 3%

Microsoft Office
up arrow 4%




Medicaid Billing
up arrow 13%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 485 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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