Patient Financial Services Director Salary

Patient Financial Services Directors in the United States are often veterans in their line of work, with between two-thirds and three-fourths bringing more than 10 years of experience to the table. Salaries slide in at $81K annually on average but can range from $55K to $125K per year. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. Work is enjoyable for Patient Financial Services Directors, who typically claim high levels of job satisfaction. Among survey respondents, women are more common than men; 81 percent of Patient Financial Services Directors are female. The numbers in this rundown were provided by PayScale's salary survey participants.

$57,361 - $124,024
(Median)
$57K
$81K
$120K
MEDIAN: $80,977
10%
50%
90%

Add this chart to your site: 640px    300px

$18.08 - $47.97
(Median)
$18
$24
$48
MEDIAN: $24.00
10%
50%
90%

Add this chart to your site: 640px    300px

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
$57,361 - $124,024  
   
Bonus
$0.00 - $12,956  
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).
)
$55,099 - $124,859  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | 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
$18.08 - $47.97  
   
Overtime
$35.10  
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 - $12,956  
   
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).
)
$55,099 - $124,859  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 19
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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

  • 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

Search for more jobs:


Patient Financial Services Directors usually report a few specific skills. Those who have experience with Accounts Receivable, Collections, and Medicaid & Medicare Billing can expect to be compensated well for these skills. Skills that are correlated to lower pay, on the other hand, 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.


Workers in their first five years can expect to earn $74K, but people who have been around for five to 10 years earn a noticeably bigger sum of $85K. The average pay reported by folks with 10 to 20 years of experience is around $81K. 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 $90K.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Patient Financial Services Director Salaries

Late-Career
up arrow 10%

Mid-Career
up arrow 4%

National Average
$82,000

Experienced
up arrow 1%

Entry-Level
up arrow 9%

Skills That Affect Patient Financial Services Director Salaries

Accounts Receivable
up arrow 16%

National Average
$82,000

Collections
up arrow 4%

Medicaid & Medicare Billing
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.

Gender

Female
81 %
Male
19 %

Years of Experience

Less than 1 year
1%
1-4 years
8%
5-9 years
17%
10-19 years
38%
20 years or more
36%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 77%
medical benefits
Vision: 62%
dental benefits
None: 9%
ADVERTISEMENT