Patient Financial Services Director Salary

Patient Financial Services Directors in the United States with more than 10 years of experience in their profession represent more than three-fourths of Patient Financial Services Directors. Salaries average out to around $83K annually and spread from $51K to $127K per year. Among survey respondents, women are more common than men; 87 percent of Patient Financial Services Directors are female. Job satisfaction for Patient Financial Services Directors is high. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to a majority. This report is based on responses to the PayScale salary survey.

$57,195 - $123,628
$57K
$83K
$120K
MEDIAN: $83,249
10%
50%
90%

Add this chart to your site: 640px    300px

$17.73 - $35.00
$23
MEDIAN: $23.00
50%

Add this chart to your site: 640px    300px

$0$127K
Salary $57,195 - $123,628
Bonus $-0.49 - $19,956
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).
)
$50,608 - $127,370
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 95
Hourly Data $0$35
Hourly Rate $23.00
Overtime $34.50
Annual Data $0$127K
Bonus $-0.49 - $19,956
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).
)
$50,608 - $127,370
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 7

Find Out Exactly What You Should Be Paid

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.

Read More...

Patient Financial Services Director Tasks

  • 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.
  • 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.

Common Career Paths for Patient Financial Services Director


Add this chart to your site:   640px 640px    300px 300px


Advancing into a Director of Revenue Cycle Management role seems to be a popular career move for Patient Financial Services Directors, and folks who currently work in the latter position report a notably larger median income of $101K per year.

Patient Financial Services Director Job Listings

Pay by Experience Level for Patient Financial Services Director

Pay by Experience for a Patient Financial Services Director has a positive trend. An entry-level Patient Financial Services Director with less than 5 years of experience can expect to earn an average total compensation of $67,000 based on 16 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Patient Financial Services Director with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $83,000 based on 23 salaries. An experienced Patient Financial Services Director which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $87,000 based on 45 salaries. A Patient Financial Services Director with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $89,000 based on 37 salaries.

Related Job Salaries

Key Stats for Patient Financial Services Director

Gender

Female
87 %
Male
13 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.
1-4 years
8%
5-9 years
14%
10-19 years
39%
20 years or more
39%
ADVERTISEMENT
Location:
Years in Fields/Career:
United States (change)

Experience Affects Patient Financial Services Director Salaries

Late-Career
▲7%

Experienced
▲4%

National Average
$84,000

Mid-Career
▼1%

Entry-Level
▼20%

Skills That Affect Patient Financial Services Director Salaries

Accounts Receivable
▲20%

National Average
$84,000

Collections
▼6%

bill collections
▼8%

Medicaid & Medicare Billing
▼9%

Billing
▼19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.

Gender

Female
87 %
Male
13 %

Years of Experience

1-4 years
8%
5-9 years
14%
10-19 years
39%
20 years or more
39%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 80%
vision benefits
Vision: 67%
no benefits
None: 9%
ADVERTISEMENT