The majority of Patient Financial Services Directors in the United States — over three-quarters — boast more than 10 years of experience in their profession. Salaries stretch from $55K to $124K per year, and the median is $83K annually. Most report receiving medical coverage from their employers and a large number collect dental insurance. Job satisfaction is reported as high by the vast majority of workers. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$58,663 - $123,401
$59K
$83K
$120K
MEDIAN: $82,867
10%
50%
90%

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$18.04 - $30.00
$23
MEDIAN: $23.33
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
$58,663 - $123,401  
   
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).
)
$54,631 - $123,580  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 99
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
$23.33  
   
Overtime
$35.00  
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).
)
$54,631 - $123,580  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 9

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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Patient Financial Services Directors who move on to become Directors of Revenue Cycle Management may enjoy significant pay raises, as Directors of Revenue Cycle Management get paid an average of $100K 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.


Patient Financial Services Directors with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Workers in their first five years can expect to earn $67K, but people who have been around for five to 10 years earn a noticeably bigger sum of $84K. The average pay reported by folks with 10 to 20 years of experience is around $87K. Patient Financial Services Directors who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $89K on average.

Related Job Salaries

Key Stats for Patient Financial Services Director

Gender

Female
96 %
Male
4 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 11 votes.
038
Less than 1 year
1%
1-4 years
7%
5-9 years
15%
10-19 years
38%
20 years or more
39%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Patient Financial Services Director Salaries

Late-Career
up arrow 6%

Experienced
up arrow 4%

Mid-Career
up arrow 1%

National Average
$84,000

Entry-Level
up arrow 20%

Skills That Affect Patient Financial Services Director Salaries

Accounts Receivable
up arrow 20%

National Average
$84,000

Collections
up arrow 6%

bill collections
up arrow 8%

Medicaid & Medicare Billing
up arrow 9%

Billing
up arrow 14%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 11 votes.

Gender

Female
96 %
Male
4 %

Years of Experience

Less than 1 year
1%
1-4 years
7%
5-9 years
15%
10-19 years
38%
20 years or more
39%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 81%
vision benefits
Vision: 65%
dental benefits
None: 7%
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