Billing Specialist Salary

Billing Specialists in the United States pull down an average of $15.27 per hour. Total incomes of Billing Specialists incorporate potential for, in a few cases, more than $2K from bonuses and close to $2K from profit sharing; these performance components cause packages to range between $25K and $47K. Geographic location is the biggest factor affecting pay for this group, followed by the specific employer and tenure. While slightly more than a fifth report receiving no health benefits, a strong majority do receive medical coverage, and more than half have dental, as well. Job satisfaction is high and work is enjoyable for most Billing Specialists. The vast majority of Billing Specialists (90 percent) who participated in the survey are women. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$29,302 - $52,691

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$11.90 - $20.11

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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
$29,302 - $52,691  
   
Bonus
$0.00 - $2,056  
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).
)
$25,459 - $46,780  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 674
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
$11.90 - $20.11  
   
Overtime
$17.51 - $31.79  
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 - $2,056  
   
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).
)
$25,459 - $46,780  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,884
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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. 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 Skills for Billing Specialist


Billing Specialists seem to require a rather large skill set. Most notably, skills in Payroll Administration, Accounting, Data Analysis, and Accounts Payable are correlated to pay that is above average, with boosts between 6 percent and 17 percent. At the other end of the pay range are skills like Medicaid Billing, Medical Coding, and Medicaid & Medicare Billing. Most people experienced in 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 more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Those in the early stages of their career can expect to make around $32K; however, individuals with five to 10 years of experience bring in $35K on average — a distinctly larger sum. Billing Specialists claiming one to two decades of experience make an estimated median of $37K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $38K on average.

Pay Difference by Location


Home to some of the best pay for Billing Specialists, Los Angeles offers exceptional salaries, 26 percent above the national average. Billing Specialists can also look forward to large paychecks in cities like Chicago (+21 percent), Minneapolis (+19 percent), San Diego (+12 percent), and Atlanta (+12 percent). The lowest-paying market is Cleveland, which sits 6 percent below the national average. Below-median salaries also turn up in Jacksonville and San Antonio (4 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.

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Experience Affects Billing Specialist Salaries




National Average
$34,000


Skills That Affect Billing Specialist Salaries

Payroll Administration
up arrow 17%



Microsoft Excel
up arrow 3%

Accounts Payable
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 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: 75% dental benefits Dental: 60%
vision benefits Vision: 49% employee benefits None: 22%
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