Revenue Cycle Analyst Salary
Revenue Cycle Analysts in the United States take home an average $56K annually. Residence is the biggest factor affecting pay for this group, followed by years of experience. Medical benefits are awarded to most, and a large number earn dental coverage. For the most part, Revenue Cycle Analysts enjoy their work and report high levels of job satisfaction. This snapshot results from replies to PayScale's salary survey.
|Salary||$40,494 - $77,086|
|Bonus||$503 - $6,953|
|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).)
|$33,599 - $73,530|
|Hourly Rate||$13.38 - $26.02|
|Overtime||$18.93 - $46.54|
|Bonus||$503 - $6,953|
|Total Pay (||$33,599 - $73,530|
Job Description for Revenue Cycle Analyst
Revenue cycle analysts are responsible for analyzing incoming and outgoing revenue sources and measuring different financial cycles on behalf of their company. They are in charge of facilitating compliance for revenue systems and keeping contact with government officials regarding cycle and quarterly company obligations.Read More...
These individuals are responsible and pay close attention to detail. They possess strong analytical skills to identify financial and revenue discrepancies. Some of their main responsibilities include comparing business operations and coordinating technical analysis support for upcoming collection of accounts. They work well with other tax and revenue professionals to maximize revenue cycles. They strive to follow strict privacy regulations to avoid financial mishaps when declaring and presenting revenue amounts. They are proficient with office software, especially spreadsheet applications to run calculations and keep financial records accurate and organized. Revenue cycle analysts collect and analyze financial data to make future decisions. They also relay their progress to the revenue cycle manager in their organization. These professionals work well in a team setting by sharing important cycle information, although they can also work on their own with minimal supervision. Revenue cycle analysts know how to use databases to search for financial records and know how to create and troubleshoot revenue cycle reporting systems. These individuals maximize reimbursement and develop effective policies for billing and claim processing. They implement efficient authorization procedures to increase productivity in revenue cycles.
A bachelor's degree in finance, economics, business analysis, or a related field is required for this position. In addition, previous years of work experience in an analyst position can be helpful. Financial and leadership certifications are a plus.
Revenue Cycle Analyst Tasks
- Responsible for operations of patient business services, insurance verification, and workers compensation authorizations.
- Coordinate activities of staff responsible for charge capture, coding, charge entry, insurance follow up, reimbursement analysis, or other financial functions.
- Identify revenue cycle problems and implement solutions for improvement.
Popular Skills for Revenue Cycle Analyst
Revenue Cycle Analysts report using a pretty varied skill set on the job. Most notably, facility with Medicaid & Medicare Billing, Data Analysis, and Financial Reporting are correlated to pay that is significantly above average, leading to increases of 33 percent, 29 percent, and 4 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Medical Coding and Microsoft Excel. Most people experienced in Financial Analysis also know Medical Coding.
Pay by Experience Level for Revenue Cycle Analyst
Pay by Experience for a Revenue Cycle Analyst has a positive trend. An entry-level Revenue Cycle Analyst with less than 5 years of experience can expect to earn an average total compensation of $48,000 based on 159 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Revenue Cycle Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $56,000 based on 77 salaries. An experienced Revenue Cycle Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $54,000 based on 51 salaries. A Revenue Cycle Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $58,000 based on 21 salaries.
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Key Stats for Revenue Cycle Analyst
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based on 32 votes.