Patient Financial Services Supervisor Salary
|Salary||$37,347 - $71,865|
|Total Pay (||$34,821 - $66,997|
|Hourly Rate||$14.68 - $27.44|
|Overtime||$6.73 - $38.57|
|Total Pay (||$34,821 - $66,997|
Job Description for Patient Financial Services Supervisor
Patient financial services supervisors work in the medical field in a hospital, clinical, or private practice environment and oversee staff who carry out billing duties and communicate with insurance companies and Medicaid to ensure that the organization is receiving maximum reimbursement.Read More...
Some cash handling duties may be involved in this position, and it may also be necessary to follow up with patients in collection efforts for balances due. These supervisors may be in charge of hiring and firing, creating employee schedules, and carrying out employee evaluations, and it's also important to monitor daily operations to discover problems and how to remedy them. In some positions, they are also expected to find ways to quicken and automate particular processes.
Knowledge of medical codes is necessary for this position, and it is important to ensure that staff members are complying to standard medical coding procedures. These supervisors also ensure that all staff members are carrying out their duties within the scope of the organization’s policies and according to federal and local law.
Good customer service skills should be demonstrated at all times, and knowledge of patient assistance services is essential in order to direct patients to these services if they are needed. Sometimes, these supervisors must identify areas that need improvement and will administer training. When necessary, they will also carry out billing functions first-hand. Because this is a supervisory position, a few years of experience in the billing area of the medical field may be required. A college degree and certification as a professional coder are also required.
Patient Financial Services Supervisor Tasks
- Review, evaluate and resolve billing process issues and revenue collections.
- Supervise the day to day billing operations activities; assist in hiring, training and reviewing performance of staff.
- Maintain preparation of statements and bills, resolve discrepancies in accounting records.
- Ensure compliance with company polices and procedures, as well as state and federal regulations.
- Review medical records in order to ensure accuracy of coding, fees and charges due.
Common Career Paths for Patient Financial Services Supervisor
Patient Financial Services Supervisors might see a strong upturn in salary after transitioning into upper-level roles such as Patient Financial Services Director, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $81K per year.
Patient Financial Services Supervisor Job Listings
Pay by Experience Level for Patient Financial Services Supervisor
Pay by Experience for a Patient Financial Services Supervisor has a positive trend. An entry-level Patient Financial Services Supervisor with less than 5 years of experience can expect to earn an average total compensation of $42,000 based on 37 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Patient Financial Services Supervisor with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $51,000 based on 34 salaries. An experienced Patient Financial Services Supervisor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $52,000 based on 48 salaries. A Patient Financial Services Supervisor with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $45,000 based on 13 salaries.
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Key Stats for Patient Financial Services Supervisor
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