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Patient Financial Services Director Salary

Patient Financial Services Directors in the United States with more than 10 years of experience in their profession represent somewhere between two-thirds and three-fourths of Patient Financial Services Directors. Salaries average out to around $80K per year and spread from $52K to $125K per year. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Work is enjoyable for Patient Financial Services Directors, who typically claim high levels of job satisfaction. Men are in the minority of survey respondents, with female Patient Financial Services Directors making up 73 percent. The information for this snapshot was generated by responses to the PayScale salary survey.
$55,090 - $123,170
(Median)
$55K
$80K
$120K
MEDIAN: $80,442
10%
50%
90%

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$15.15 - $48.38
(Median)
$15
$35
$48
MEDIAN: $34.00
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$50K$100K$150K
Salary
$55,090 - $123,170  
   
Bonus
$0.00 - $12,719  
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).
)
$51,672 - $124,667  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 158
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$25$50$75
Hourly Rate
$15.15 - $48.38  
   
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$50K$100K$150K
Bonus
$0.00 - $12,719  
   
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).
)
$51,672 - $124,667  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 17
United States (change)

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.

Medical Billing Operations Director Job Listings

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Survey results show that Patient Financial Services Directors typically report just a few professional skills. Medicaid & Medicare Billing and Collections are considered valuable skills and can increase employee pay. At the other end of the pay range are skills like Collections.

Pay by Experience Level for Patient Financial Services Director

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


Salaries for inexperienced workers average out to $81K, and those with five to 10 years' experience earn a higher median of $73K. People with 10 to 20 years of experience make an average of about $78K in this role. Patient Financial Services Directors who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $88K.

Related Job Salaries

Experience Affects Patient Financial Services Director Salaries

Late-Career
up arrow 10%

Mid-Career
up arrow 1%

National Average
$80,000

Experienced
up arrow 2%

Entry-Level
up arrow 8%

Skills That Affect Patient Financial Services Director Salaries

Medicaid & Medicare Billing
up arrow 5%

National Average
$80,000

Collections
up arrow 5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 39 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
1%
1-4 years
7%
5-9 years
20%
10-19 years
41%
20 years or more
31%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 76%
vision benefits Vision: 64% employee benefits None: 10%