Business Office Manager, Healthcare Salary
Healthcare Business Office Managers in the United States are often veterans in their line of work, with over one-half bringing more than 10 years of experience to the table. Salaries slide in at $55K per year on average but can range from $29K to $72K per year. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Among survey respondents, women are more common than men; 89 percent of Healthcare Business Office Managers are female. Although a fair number have medical coverage and the larger part have dental coverage, nearly one in four claim no health benefits at all. The majority of Healthcare Business Office Managers claim high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
Job Description for Business Office Manager, Healthcare
Healthcare business office managers hold a mid-level management position that involves overseeing the employees at a particular office. Their main responsibilities can vary widely, but may include anything from maintaining the office by organizing operations and implementing procedures to updating websites. The typical workday for a healthcare business office manager involves managing office employees, providing guidance, direction, and discipline as needed. These managers typically work during regular business hours, but overtime and alternative hours may be needed depending on the needs of the business; certain organizations may require healthcare business office managers to be on-call in case of emergency.Read More...
To be qualified for this role, most companies require applicants to have at least a bachelor's degree and prior relevant work experience. However, qualification requirements may vary depending on the employer. Sometimes, an individual may become a healthcare business office manager through promotion within their organization. These managers must have excellent analytical and problem-solving skills. This is an interactive position that also requires interpersonal and communication skills to help resolve problems among staff and with clients. Healthcare business office managers must work well in a team setting, as well as on their own with minimal supervision. Proficiency with basic computer software is generally needed as well.
Business Office Manager, Healthcare Tasks
- Manage fiscal operations, including accounting, planning budgets, and financial reporting.
- Manage the selection, training, and development of business office staff.
- Ensure services are in compliance with professional standards, state, and federal regulatory requirements.
- Oversee and evaluate work activities of business office staff.
- Maintain patient accounts, billing and receivables, census information, and invoicing.
Common Career Paths for Business Office Manager, Healthcare
Healthcare Business Office Managers who transition into a Practice Administrator role may receive large pay increases as the latter position pays an average $68K per year. Healthcare Business Office Managers most frequently advance into Business Office Manager and Nursing Home Business Office Manager roles even though the median salaries are $4K lower and $7K lower, respectively.
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Popular Skills for Business Office Manager, Healthcare
Healthcare Business Office Managers seem to wield many skills on the job. Most notably, facility with Office Management and Medicaid & Medicare Billing are correlated to pay that is significantly above average, leading to increases of 33 percent and 18 percent, respectively. At the other end of the pay range are skills like Medical Coding, Bookkeeping, and Customer Relations. Most people experienced in Accounts Receivable also know Medicaid & Medicare Billing.
Pay by Experience Level for Business Office Manager, Healthcare
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Healthcare Business Office Managers, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. The average beginner in this position makes around $40K, but folks who have been around for five to 10 years see a markedly higher median salary of $52K. The average pay reported by folks with 10 to 20 years of experience is around $55K. Healthcare Business Office Managers with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $59K.
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