Patient Financial Services Director Salary

The majority of Patient Financial Services Directors in the United States — a little under three-quarters — boast more than 10 years of experience in their profession. Salaries stretch from $55K to $125K per year, and the median is $81K per year. Women make up the vast majority of Patient Financial Services Directors (81 percent) who answered the questionnaire. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Most workers in this position report high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.

$57,361 - $124,024
(Median)
$57K
$81K
$120K
MEDIAN: $80,977
10%
50%
90%

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$18.08 - $47.97
(Median)
$18
$24
$48
MEDIAN: $24.00
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$50K$100K$150K
Salary
$57,361 - $124,024  
   
Bonus
$0.00 - $12,956  
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).
)
$55,099 - $124,859  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 158
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$25$50$75
Hourly Rate
$18.08 - $47.97  
   
Overtime
$35.10  
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$50K$100K$150K
Bonus
$0.00 - $12,956  
   
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).
)
$55,099 - $124,859  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 19
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Job Description for Patient Financial Services Director

A director of patient financial services reports directly to their chief financial officer and is in charge of several important procedures. They monitor activities between collection and insurance agencies, along with patient activity. Their main concern is working within the limits of their contracts, legal terms, and several regulatory requirements. This influences how they work within their department and is of the utmost importance.

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Patient Financial Services Director Tasks

  • Directs the patient accounts staff to ensure billing, collections and customer services are in compliance with professional, state and federal standards.
  • Oversee and plan department goals, patient account receivables, cash budgets and forecasts.
  • Plan, implement and monitor accounting processes and procedures.
  • Create, implement and audit patient account processes to ensure timeliness, accuracy and compliance in order to maximize reimbursement.

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Patient Financial Services Directors report a narrow range of specific skills. Those who have experience with Accounts Receivable, Collections, and Medicaid & Medicare Billing can expect to be compensated well for these skills. Skills that seem to negatively impact pay include Medicaid & Medicare Billing and Collections.

Pay by Experience Level for Patient Financial Services Director

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Salaries of relatively inexperienced workers fall in the neighborhood of $74K, but folks who have racked up five to 10 years see a notably higher median of $85K. After working for 10 to 20 years, Patient Financial Services Directors make a median salary of $81K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $90K.

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Experience Affects Patient Financial Services Director Salaries

Late-Career
up arrow 10%

Mid-Career
up arrow 4%

National Average
$82,000

Experienced
up arrow 1%

Entry-Level
up arrow 9%

Skills That Affect Patient Financial Services Director Salaries

Accounts Receivable
up arrow 16%

National Average
$82,000

Collections
up arrow 4%

Medicaid & Medicare Billing
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.

Gender

Female
81 %
Male
19 %

Years of Experience

Less than 1 year
1%
1-4 years
8%
5-9 years
17%
10-19 years
38%
20 years or more
36%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 77%
medical benefits
Vision: 62%
dental benefits
None: 9%
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