Director of Revenue Cycle Management Salary
|Salary||$64,270 - $140,215|
|Bonus||$1,939 - $24,917|
|Total Pay (||$65,780 - $150,077|
Job Description for Director of Revenue Cycle Management
Directors of revenue cycle management are responsible for overseeing revenue activities, organizing strategies to increase profitability, and meeting all financial objectives for their company. They are in charge of exploring business opportunities based on careful research, as well as reviewing billing activities and generating ideas for innovative revenue programs. They monitor projections based on past financial results and adjust outlooks for future milestones. They analyze market trends and modify company expectations as needed.Read More...
Directors of revenue cycle management are in charge of collections, as well as monitoring all incoming payments.They oversee the completion of financial reports that explain revenue cycles in a clear, concise way, as well as motivate professionals to reach all company goals in a timely manner. They share their revenue management advice and provide expert feedback in all revenue cycle matters.
A bachelor's degree in finance, economics, or a related field and relevant experience are required for this position.Directors of revenue cycle management must possess strong interpersonal skills to interact with financial experts, share ideas, and change cycle management initiatives when required. They also need to excellent analytical abilities and be able to a personal computer as one of their main tools to process and input revenue cycle information. Additionally, these directors must possess good time-management skills to prioritize projects and resolve conflicts.
Director of Revenue Cycle Management Tasks
- Collaborates with staff to improve information documentation and implement the best practices.
- Leads and provides direction for revenue cycle management and determines goals.
Director of Revenue Cycle Management Job Listings
Pay by Experience Level for Director of Revenue Cycle Management
Pay by Experience for a Director of Revenue Cycle Management has a positive trend. An entry-level Director of Revenue Cycle Management with less than 5 years of experience can expect to earn an average total compensation of $88,000 based on 55 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Director of Revenue Cycle Management with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $91,000 based on 79 salaries. An experienced Director of Revenue Cycle Management which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $103,000 based on 152 salaries. A Director of Revenue Cycle Management with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $117,000 based on 100 salaries.
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