Billing Specialist Salary

The average Billing Specialist in the United States earns approximately $15.25 per hour. Cash earnings for Billing Specialists — including $2K in bonuses and $2K in profit sharing proceeds near the top of the pay scale — generally stretch from $25K to $47K depending on individual performance. While the specific employer and tenure 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 strong majority report medical coverage and a majority claim dental coverage as well. There are far more female Billing Specialists who answered the questionnaire than men, making up 90 percent. Job satisfaction is high and work is enjoyable for most Billing Specialists. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$29,293 - $52,835
(Median)
$29K
$39K
$53K
MEDIAN: $38,803
10%
50%
90%

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$11.89 - $20.14
(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
$29,293 - $52,835  
   
Bonus
$0.00 - $2,055  
Profit Sharing
$206.85 - $2,469  
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).
)
$25,448 - $46,802  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 660
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
$11.89 - $20.14  
   
Overtime
$17.37 - $31.83  
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 - $2,055  
   
Profit Sharing
$206.85 - $2,469  
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).
)
$25,448 - $46,802  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,841
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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' salaries may rise greatly for those who assume a higher-end position such as a Financial Analyst. The average Financial Analyst brings home $54K per year. Career advancement for the typical Billing Specialist often leads to becoming a Billing Manager or a Billing Supervisor; median salaries in these positions are $11K higher and $7K higher, respectively.

Billing Specialist Job Listings

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Popular Employer Salaries for Billing Specialist


Popular Skills for Billing Specialist


Survey participants wield an impressively varied skill set on the job. Lucky workers who know Microsoft Word can expect a significant pay bump, scoring salaries 48 percent above average. Accounting and Data Analysis are also correlated to pay that is above average, with increases between 6 percent and 48 percent. Skills that pay less than market rate 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 does not seem to be a strong driver of pay increase in this role. 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. After working for 10 to 20 years, Billing Specialists make a median salary of $37K. Billing Specialists with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $38K.

Pay Difference by Location


Los Angeles is home to an above-average pay rate for Billing Specialists, 26 percent higher than the national average. Billing Specialists can also look forward to large paychecks in cities like Chicago (+21 percent), Minneapolis (+19 percent), Philadelphia (+13 percent), and Atlanta (+11 percent). Tampa ranks last in the field for pay, reporting salaries 8 percent below the national average. Jacksonville and Cleveland are a couple other places where companies are known to pay below the median — salaries tend to be 6 percent less than the median.

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 48%



Accounts Payable
up arrow 4%

Microsoft Excel
up arrow 3%

Billing
0%

Accounts Receivable
0%

Microsoft Office
0%

National Average
$34,000

Collections
up arrow 2%

Customer Service
up arrow 3%

Data Entry
up arrow 4%




Medicaid Billing
up arrow 12%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 484 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: 75% dental benefits Dental: 60%
vision benefits Vision: 49% employee benefits None: 23%
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