Billing Specialist Salary

Billing Specialists in the United States can expect wages of $15.26 per hour on average. Including potential for bonuses and profit sharing — peaking near $2K and $2K, respectively — total cash payment to Billing Specialists can bottom out near $25K or peak near $47K depending on individual performance. The most influential factor affecting pay for this group is geographic location, though the specific employer and tenure have a (lesser) impact as well. Slightly less than a fourth of professionals in this line of work do not receive benefits; however, a strong majority report medical coverage and the larger part claim dental coverage as well. The majority of Billing Specialists claim high levels of job satisfaction. The vast majority (90 percent) of Billing Specialists who took the survey are female. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$29,269 - $52,792
(Median)
$29K
$39K
$53K
MEDIAN: $38,835
10%
50%
90%

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$11.91 - $20.11
(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
$29,269 - $52,792  
   
Bonus
$0.00 - $2,050  
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).
)
$25,454 - $46,765  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 664
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
$11.91 - $20.11  
   
Overtime
$17.44 - $31.82  
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 - $2,050  
   
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).
)
$25,454 - $46,765  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 1,860
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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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For Billing Specialists, progressing to a Financial Analyst role may result in a significant raise. On average, a Financial Analyst can earn $54K annually. 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


Billing Specialists report using a deep pool of skills on the job. Most notably, skills in Payroll Administration, Data Analysis, Accounting, and Accounts Payable are correlated to pay that is above average, with boosts between 6 percent and 18 percent. At the other end of the pay range are skills like 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 with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. 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. Billing Specialists bring in $37K after working for 10 to 20 years. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $38K.

Pay Difference by Location


Top-shelf salaries can be found in the three largest American cities: New York, Los Angeles, and Chicago all offer compensation that exceeds the national average in this field. In Tampa, salaries are 8 percent below the national average and represent the lowest-paying market. Workers in Cleveland and San Antonio earn salaries that trail the national average for those in this profession (6 percent less and 1 percent less, 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 18%



Accounts Payable
up arrow 4%

Microsoft Excel
up arrow 3%

Billing
0%

Accounts Receivable
0%

National Average
$34,000

Microsoft Office
up arrow 1%

Collections
up arrow 3%

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 486 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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