Revenue Cycle Management Supervisor Salary
Revenue Cycle Management Supervisors in the United States tend to have a good amount of experience under their belt — just over a half have more than 10 years in the field. While pay runs from $40K to $70K per year, median earnings come to $51K annually. Geography is the biggest factor affecting pay for this group, followed by years of experience. For the most part, Revenue Cycle Management Supervisors enjoy their work and report high levels of job satisfaction. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a large number. The vast majority (82 percent) of Revenue Cycle Management Supervisors who took the survey are female. This snapshot results from replies to PayScale's salary survey.
Job Description for Revenue Cycle Management Supervisor
Revenue cycle management (RCM) supervisors work primarily in the medical field and manage many aspects of revenue generation, such as creating contracts and managing the accounting associated with the practice. Some of these supervisors work within the same medical institutions while others may be third-party contractors, but they generally direct the activities of multiple departments, including accounting, billing, coding, and collections. They may also be in charge of researching prices and setting fees for particular services.Read More...
Report-generating skills are essential for this position, as RCM supervisors create forecasts and progress reports on a regular basis. They are also expected to suggest solutions and other improvements to make processes more efficient and cost-effective. Although they often delegate these tasks to other employees, they may also work directly with patients facing large procedures and determine their ability to pay and/or eligibility for assistance. Therefore, strong customer service skills are highly beneficial.
It is important for applicants to be familiar with all processes related to the position in order to determine how much training may be required. RCM supervisors must constantly evaluate various departments to ensure that all procedures adhere to laws, regulations, and company policies, and because this is a leadership position, medial expertise and years of prior experience may be required. A bachelor’s degree in a field such as business, finance, or health care management is generally required, as well.
Revenue Cycle Management Supervisor Tasks
- Drive employee engagement and develop strategic planning for high performance.
- Promote an atmosphere of team work.
- Supports revenue cycle team in providing financial authorizations.
Revenue Cycle Management Supervisor Job Listings
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Pay by Experience Level for Revenue Cycle Management Supervisor
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Salaries of relatively inexperienced workers fall in the neighborhood of $52K, but folks who have racked up five to 10 years see a notably higher median of $52K. Revenue Cycle Management Supervisors with one to two decades of relevant experience report an average salary of approximately $52K. Revenue Cycle Management Supervisors who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $49K.