Billing Specialist Salary

Women comprise the majority of Billing Specialists in the United States. Individuals in this line of work make around $15.36 per hour on average. Total cash compensation for Billing Specialists runs from $26K to $47K depending on bonuses that can occasionally exceed $2K and profit sharing that can reach almost $3K. Earnings for this group are mostly affected by location, followed by the company and tenure. For the most part, Billing Specialists enjoy their work and report high levels of job satisfaction. Unfortunately, some people in this line of work are without benefits — just under one in four lack coverage. On the flip side, a fair number have medical insurance and a majority receive dental plans. This report is based on responses to the PayScale salary survey.

$29,526 - $53,593
(Median)
$30K
$39K
$54K
MEDIAN: $39,223
10%
50%
90%

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$11.93 - $20.23
(Median)
$12
$15
$20
MEDIAN: $15.00
10%
50%
90%

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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
$29,526 - $53,593  
   
Bonus
$0.00 - $2,067  
Profit Sharing
$394.53 - $2,534  
Commission
$1,200  
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).
)
$25,515 - $47,109  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 750
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
$11.93 - $20.23  
   
Hourly Tips
$0.00  
Overtime
$17.68 - $32.08  
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 - $2,067  
   
Commission
$1,200  
Profit Sharing
$394.53 - $2,534  
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).
)
$25,515 - $47,109  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 2,258
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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 $55K annually. Billing Specialists most often move into positions as Billing Managers or Billing Supervisors; those groups report median salaries that are $12K higher and $7K higher, respectively.

Billing Specialist Job Listings

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Popular Employer Salaries for Billing Specialist


Popular Skills for Billing Specialist


Billing Specialists seem to wield many skills on the job. Most notably, skills in Microsoft Word, Data Analysis, Accounting, and Accounts Payable are correlated to pay that is above average, with boosts between 7 percent and 15 percent. Skills that pay less than market rate include Medicaid Billing, Medical Coding, and Medicaid & Medicare Billing. Those educated in Accounts Receivable tend to be well versed in 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 do not generally earn higher incomes from more experience in the field. Survey participants with less than five years' experience pocket $32K on average, but those with five to 10 years of experience enjoy a much bigger median of $35K. After working for 10 to 20 years, Billing Specialists make a median salary of $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

National Average: $33,989

Larger city markers indicate a job is popular in that 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), Denver (+15 percent), San Diego (+14 percent), and Seattle (+10 percent). The smallest paychecks in the market, 8 percent south of the national average, can be found in Tampa. Two other places where employers offer below-median salaries are Cleveland (7 percent less) and San Antonio (5 percent less).

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 15%



Accounts Payable
up arrow 3%

Microsoft Excel
up arrow 2%

Accounts Receivable
up arrow 1%

Microsoft Office
up arrow 1%

Billing
0%

National Average
$34,000

Collections
up arrow 2%

Customer Service
up arrow 2%

Data Entry
up arrow 4%




Medicaid Billing
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 558 votes.

Gender

Female
90 %
Male
10 %

Years of Experience

Less than 1 year
3%
1-4 years
39%
5-9 years
24%
10-19 years
24%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 74%
dental benefits
Dental: 60%
medical benefits
Vision: 49%
dental benefits
None: 23%
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