Patient Financial Services Director Salary

Patient Financial Services Directors in the United States are often veterans in their line of work, with close to three-fourths bringing more than 10 years of experience to the table. Salaries slide in at $83K annually on average but can range from $52K to $126K per year. Most workers in this position report high levels of job satisfaction. Most report receiving medical coverage from their employers and a large number collect dental insurance. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$57,778 - $124,610
$58K
$83K
$120K
MEDIAN: $82,953
10%
50%
90%

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$17.89 - $34.39
$23
MEDIAN: $23.25
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
$57,778 - $124,610  
   
Bonus
$0.00 - $19,458  
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).
)
$51,866 - $125,805  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 91
© PayScale, Inc. @ www.payscale.com
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
$23.25  
   
Overtime
$34.87  
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 - $19,458  
   
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).
)
$51,866 - $125,805  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 8
© PayScale, Inc. @ www.payscale.com

Find Out Exactly What You Should Be Paid

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

  • 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


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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.

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Pay by Experience Level for Patient Financial Services Director

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


Experience does not seem to be a strong driver of pay increase in this role. The average beginner in this position makes around $67K, but folks who have been around for five to 10 years see a markedly higher median salary of $83K. For Patient Financial Services Directors, 10 to 20 years of experience on the job amounts to an average salary of $87K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $89K.

Related Job Salaries

Key Stats for Patient Financial Services Director

Gender

Female
98 %
Male
2 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 10 votes.
Less than 1 year
1%
1-4 years
8%
5-9 years
15%
10-19 years
38%
20 years or more
37%
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
▼19%

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 10 votes.

Gender

Female
98 %
Male
2 %

Years of Experience

Less than 1 year
1%
1-4 years
8%
5-9 years
15%
10-19 years
38%
20 years or more
37%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 82%
vision benefits
Vision: 64%
dental benefits
None: 7%
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