Patient Financial Services Director Salary

More than two-thirds 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 $123K per year, but median earnings come to around $80K annually. Job satisfaction is reported as high by the vast majority of workers. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. This snapshot results from replies to PayScale's salary survey.

$56,235 - $122,166
(Median)
$56K
$80K
$120K
MEDIAN: $79,562
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
$56,235 - $122,166  
   
Bonus
$0.00 - $13,800  
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).
)
$53,724 - $123,385  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 155
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 - $13,800  
   
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).
)
$53,724 - $123,385  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 17
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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.

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Professional skills reported by Patient Financial Services Directors are few in number. Collections and Medicaid & Medicare Billing are considered valuable skills and can increase employee pay. Skills that seem to negatively impact pay include Medicaid & Medicare Billing.

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 $68K, but people who have been around for five to 10 years earn a noticeably bigger sum of $83K. For Patient Financial Services Directors, 10 to 20 years of experience on the job amounts to an average salary of $82K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $88K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

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Experience Affects Patient Financial Services Director Salaries

Late-Career
up arrow 8%

Mid-Career
up arrow 2%

Experienced
up arrow 1%

National Average
$82,000

Entry-Level
up arrow 16%

Skills That Affect Patient Financial Services Director Salaries

National Average
$82,000

Collections
up arrow 2%

Medicaid & Medicare Billing
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.

Gender

Female
79 %
Male
21 %

Years of Experience

Less than 1 year
1%
1-4 years
8%
5-9 years
19%
10-19 years
38%
20 years or more
34%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 76%
vision benefits Vision: 61% employee benefits None: 9%
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