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Patient Financial Services Director Salary

Somewhere between two-thirds and three-fourths of Patient Financial Services Directors in the United States have been in the field for more than 10 years. Pay can fall anywhere from $54K to $122K per year, but median earnings come to around $78K per year. Female Patient Financial Services Directors make up most of the survey respondents at 78 percent. Medical benefits are awarded to a large number, and a fair number earn dental coverage. For the most part, Patient Financial Services Directors enjoy their work and report high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.

$56,103 - $121,235
(Median)
$56K
$78K
$120K
MEDIAN: $78,300
10%
50%
90%

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$15.15 - $48.38
(Median)
$15
$24
$48
MEDIAN: $23.00
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
$56,103 - $121,235  
   
Bonus
$0.00 - $12,766  
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).
)
$54,199 - $122,404  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 160
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  
   
Overtime
$34.33 - $35.88  
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 - $12,766  
   
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).
)
$54,199 - $122,404  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 17

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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.

Medical Billing Operations Director Job Listings

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Patient Financial Services Directors usually report a few specific skills. Collections and Medicaid & Medicare Billing are considered valuable skills and can increase employee pay.

Pay by Experience Level for Patient Financial Services Director

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


Salaries of relatively inexperienced workers fall in the neighborhood of $71K, but folks who have racked up five to 10 years see a notably higher median of $82K. Patient Financial Services Directors with one to two decades of relevant experience report an average salary of approximately $82K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $86K on average.

Related Job Salaries

United States (change)

Experience Affects Patient Financial Services Director Salaries

Late-Career
up arrow 7%

Experienced
up arrow 2%

Mid-Career
up arrow 2%

National Average
$80,000

Entry-Level
up arrow 11%

Skills That Affect Patient Financial Services Director Salaries

Collections
0%

National Average
$80,000

Medicaid & Medicare Billing
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 37 votes.

Gender

Female
78 %
Male
22 %

Years of Experience

Less than 1 year
1%
1-4 years
7%
5-9 years
20%
10-19 years
38%
20 years or more
34%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 75%
vision benefits Vision: 61% employee benefits None: 10%
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