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Patient Financial Services Director Salary

Patient Financial Services Directors in the United States tend to be well-versed in their field, and between two-thirds and three-fourths have more than 10 years of experience. Average salary is expected to be around $78K per year, but may range from $53K to $124K per year. The majority of workers are highly satisfied with their job. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the larger part. Most Patient Financial Services Directors survey respondents are women (78 percent). The numbers in this rundown were provided by PayScale's salary survey participants.

$55,726 - $122,353
(Median)
$56K
$78K
$120K
MEDIAN: $78,425
10%
50%
90%

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$15.26 - $47.93
(Median)
$15
$24
$48
MEDIAN: $24.00
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
$55,726 - $122,353  
   
Bonus
$0.00 - $12,979  
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).
)
$53,340 - $123,592  
Country: United States | Currency: USD | Updated: 31 Mar 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
$15.26 - $47.93  
   
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 - $12,979  
   
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).
)
$53,340 - $123,592  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 19

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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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Patient Financial Services Directors who responded to the survey report just a handful of professional 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.


Experience does not seem to be a strong driver of pay increase in this role. Relatively untried employees who have less than five years' experience make $68K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $81K. Patient Financial Services Directors with one to two decades of relevant experience report an average salary of approximately $82K. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $85K.

Related Job Salaries

United States (change)

Experience Affects Patient Financial Services Director Salaries

Late-Career
up arrow 6%

Experienced
up arrow 3%

Mid-Career
up arrow 1%

National Average
$80,000

Entry-Level
up arrow 14%

Skills That Affect Patient Financial Services Director Salaries

Collections
0%

National Average
$80,000

Medicaid & Medicare Billing
up arrow 1%

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
39%
20 years or more
34%

Common Health Benefits

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