Browse Categories

Billing Specialist Salary

Average Billing Specialists in the United States make around $15.19 per hour. In the world of Billing Specialists, total cash compensation can vary between $25K and $47K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $2K and $3K, respectively. Earnings for this group are mostly affected by geography, followed by the specific employer and years of experience. Billing Specialists who responded to the questionnaire are largely women, dominating at 90 percent. While slightly more than a fifth report receiving no health benefits, a strong majority do receive medical coverage, and a majority have dental, as well. Job satisfaction is reported as high by the vast majority of workers. The data for this snapshot was collected from individuals who took PayScale's salary survey.
$29,216 - $52,724
(Median)
$29K
$39K
$53K
MEDIAN: $38,765
10%
50%
90%

Add this chart to your site: 640px    300px

$11.80 - $20.17
(Median)
$12
$15
$20
MEDIAN: $15.00
10%
50%
90%

Add this chart to your site: 640px    300px

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
$29,216 - $52,724  
   
Bonus
$0.00 - $2,035  
Profit Sharing
$204.82 - $2,500  
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).
)
$25,383 - $47,113  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 600
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
$11.80 - $20.17  
   
Overtime
$16.41 - $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 - $2,035  
   
Profit Sharing
$204.82 - $2,500  
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).
)
$25,383 - $47,113  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,556
United States (change)

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.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


Billing Specialists who go on to become Financial Analysts may see their salaries climb quite a bit. Median pay for Financial Analysts is $54K annually. The most common next step for a Billing Specialist is to become a Billing Manager or a Billing Supervisor. The former position pays an additional $11K per year on average, and the latter position pays $7K more per year.

Billing Specialist Job Listings

Search for more jobs:

Popular Employer Salaries for Billing Specialist


Popular Skills for Billing Specialist


Survey results imply that Billing Specialists deploy a substantial tool kit of skills at work. Most notably, skills in Data Analysis, Accounting, Microsoft Excel, and Accounts Payable are correlated to pay that is above average, with boosts between 3 percent and 7 percent. Skills that seem to negatively impact pay include Medicaid Billing, Medical Coding, and Medicaid & Medicare Billing. Most people who know 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 does not seem to be a strong driver of pay increase in this role. 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 who work for 10 to 20 years in their occupation tend to earn about $37K. Billing Specialists who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $38K on average.

Pay Difference by Location


Geographically speaking, the highest compensation can be found in New York, Los Angeles, and Chicago — the three largest cities in the United States. In Tampa, salaries are 7 percent below the national average and represent the lowest-paying market. Below-median salaries also turn up in Cleveland and Austin (6 percent lower and 1 percent lower, respectively).

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

Experience Affects Billing Specialist Salaries




National Average
$34,000


Skills That Affect Billing Specialist Salaries



Microsoft Excel
up arrow 3%

Accounts Payable
up arrow 2%

Billing
0%

Accounts Receivable
0%

National Average
$34,000

Customer Service
up arrow 2%

Collections
up arrow 3%

Data Entry
up arrow 3%

Insurance
up arrow 4%



Medicaid Billing
up arrow 13%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 449 votes.

Gender

Female
90 %
Male
10 %

Years of Experience

Less than 1 year
3%
1-4 years
37%
5-9 years
26%
10-19 years
24%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 75% dental benefits Dental: 62%
vision benefits Vision: 49% employee benefits None: 22%