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 per year and spread from $51K to $127K per year. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. Most Patient Financial Services Directors report high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$57,382 - $124,589
$57K
$83K
$120K
MEDIAN: $83,408
10%
50%
90%

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

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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
$57,382 - $124,589  
   
Bonus
$0.00 - $19,392  
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).
)
$51,445 - $126,885  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 97
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
$23.00  
   
Overtime
$34.50  
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 - $19,392  
   
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).
)
$51,445 - $126,885  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 7

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United States (change)

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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.

Common Career Paths for Patient Financial Services Director


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Patient Financial Services Directors might see a strong upturn in salary after transitioning into upper-level roles such as Director of Revenue Cycle Management, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $101K per year.

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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
95 %
Male
5 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 10 votes.
Less than 1 year
1%
1-4 years
9%
5-9 years
13%
10-19 years
39%
20 years or more
38%
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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%

Medicaid & Medicare Billing
▼9%

bill collections
▼9%

Billing
▼19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 10 votes.

Gender

Female
95 %
Male
5 %

Years of Experience

Less than 1 year
1%
1-4 years
9%
5-9 years
13%
10-19 years
39%
20 years or more
38%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 80%
vision benefits
Vision: 63%
no benefits
None: 7%
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