Provider Relations Manager Salary
Provider Relations Managers in the United States tend to be well-versed in their field, and roughly one-half have more than 10 years of experience. Average salary is expected to be around $67K annually, but may range from $49K to $92K per year. Residence is the biggest factor affecting pay for this group, followed by career duration. Job satisfaction is reported as high by the vast majority of workers. Most Provider Relations Managers survey respondents are women (75 percent). Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
Job Description for Provider Relations Manager
Provider relations managers work with affiliated companies to make sure that negotiations ensure the best deal for their company. They manage long-term contracts with multiple providers to ensure that all supplies and contracts are completed as agreed, as well as review contract proposals to ensure quality relationships exist between the company and clients. Additionally, provider relations managers often oversee a large group of assistants to help monitor relationships with providers, contact new providers if needed and set up new contracts, and train new employees to maximize their effectiveness at managing contracts and meeting with potential clients. As needed, the provider relations manager must provide feedback to their subordinates and be able to develop performance improvement plans and undertake disciplinary actions as needed.Read More...
A bachelor's degree is generally required for this position, and a master's degree may be preferred. Previous experience in a related role - including managerial experience - is typically needed as well. Provider relations managers should have excellent communication skills, a solid financial background, and the ability to effectively analyze contracts and conduct negotiations. These managers also need to be able to effectively work in a team setting and serve in a leadership role overseeing employee performance. They must also be able to communicate effectively with supervisors.
Provider Relations Manager Tasks
- Establish and manage relations with healthcare providers in system, communicating policies and requirements.
- Resolve provider issues involving contracts, payments, and non-routine claims.
- Bring new providers into system and negotiate contracts to become part of the network.
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Pay by Experience Level for Provider Relations Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Folks with fewer than five years of experience take home $63K on average. Interestingly, those who have worked for five to 10 years report receiving a smaller median salary of $62K. Provider Relations Managers who work for 10 to 20 years in their occupation tend to earn about $80K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $84K.
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Key Stats for Provider Relations Manager
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