Patient Financial Services Director Salary

With between two-thirds and three-fourths of Patient Financial Services Directors in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Patient Financial Services Directors is $81K annually and can range from $54K on the lower end to $123K per year near the higher end. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. The vast majority of Patient Financial Services Directors (80 percent) who responded to the survey are women. Work is enjoyable for Patient Financial Services Directors, who typically claim high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$56,751 - $122,131

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$15.15 - $48.38

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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
$56,751 - $122,131  
   
Bonus
$0.00 - $13,707  
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).
)
$54,074 - $123,271  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | 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
$15.15 - $48.38  
   
Overtime
$34.33 - $35.88  
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 - $13,707  
   
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).
)
$54,074 - $123,271  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 17
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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 note just a narrow range of job 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.


Although individuals who have less than five years' experience earn $71K on average, people with five to 10 years benefit from a notably larger average of $84K. Patient Financial Services Directors with one to two decades of relevant experience report an average salary of approximately $83K. Survey participants who have worked for more than two decades report bringing in $89K on average.

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Experience Affects Patient Financial Services Director Salaries

Late-Career
up arrow 7%

Mid-Career
up arrow 2%

Experienced
0%

National Average
$82,000

Entry-Level
up arrow 13%

Skills That Affect Patient Financial Services Director Salaries

Accounts Receivable
up arrow 18%

National Average
$82,000

Collections
up arrow 3%

Medicaid & Medicare Billing
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 32 votes.

Gender

Female
80 %
Male
20 %

Years of Experience

Less than 1 year
1%
1-4 years
7%
5-9 years
18%
10-19 years
39%
20 years or more
34%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 75%
vision benefits Vision: 61% employee benefits None: 8%
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