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Billing Specialist Salary

An average Billing Specialist in the United States can expect to take home roughly $15.24 per hour. Total cash earnings of Billing Specialists range from $25K on the low end to $47K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $2K and $3K, respectively. Geography is the biggest factor affecting pay for this group, followed by the company and tenure. Not all workers are lucky enough to have benefits; in fact, slightly more than a fifth are without coverage. Medical insurance is claimed by a fair number and dental insurance is reported by a majority. The majority of workers are highly satisfied with their job. The vast majority of Billing Specialists (90 percent) who participated in the survey are women. Respondents to the PayScale salary survey provided the data for this report.

$29,252 - $52,591
(Median)
$29K
$39K
$53K
MEDIAN: $38,558
10%
50%
90%

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$11.84 - $20.18
(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
$29,252 - $52,591  
   
Bonus
$0.00 - $2,058  
Profit Sharing
$204.82 - $2,503  
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).
)
$25,415 - $47,005  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 626
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
$11.84 - $20.18  
   
Overtime
$17.15 - $32.15  
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 - $2,058  
   
Profit Sharing
$204.82 - $2,503  
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).
)
$25,415 - $47,005  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 1,689

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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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At the upper end, Billing Specialists who move into a Financial Analyst role can end up with a hefty increase in pay. The average income for Financial Analysts is a much higher $54K per year. 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 $11K 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


Survey results imply that Billing Specialists deploy a deep pool of skills on the job. Lucky workers who know Microsoft Word can expect a significant pay bump, scoring salaries 36 percent above average. Accounting and Data Analysis are also correlated to pay that is above average, with increases between 6 percent and 36 percent. Skills that are correlated to lower pay, on the other hand, 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.


Billing Specialists with a lot of experience do not necessarily enjoy more money. 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 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


For Billing Specialists, working in the bustling city of Los Angeles has its advantages, including an above-average pay rate. Billing Specialists will also find cushy salaries in Chicago (+21 percent), San Diego (+14 percent), Philadelphia (+13 percent), and Seattle (+12 percent). In Portland, salaries are 10 percent below the national average and represent the lowest-paying market. Employers in Tampa and Cleveland also lean toward paying below-median salaries (8 percent lower and 6 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

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 484 votes.

Gender

Female
90 %
Male
10 %

Years of Experience

Less than 1 year
4%
1-4 years
38%
5-9 years
26%
10-19 years
24%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 75% dental benefits Dental: 61%
vision benefits Vision: 49% employee benefits None: 22%