Revenue Cycle Specialist Salary

Median pay for Revenue Cycle Specialists in the United States is around $17.48 per hour. Geographic location and career duration each impact pay for this group, with the former having the largest influence. The majority of Revenue Cycle Specialists claim high levels of job satisfaction. A large number report receiving medical coverage from their employers and a majority collect dental insurance. Female Revenue Cycle Specialists far outnumber their male contemporaries among survey respondents. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$32,275 - $60,000
$32K
$44K
$60K
MEDIAN: $43,669
10%
50%
90%

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$13.56 - $22.53
$14
$17
$23
MEDIAN: $17.48
10%
50%
90%

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$0$60K
Salary $32,275 - $60,000
Bonus $395.94 - $7,906
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).
)
$28,839 - $51,916
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 59
Hourly Data $0$33
Hourly Rate $13.56 - $22.53
Overtime $18.00 - $33.00
Annual Data $0$51K
Bonus $395.94 - $7,906
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).
)
$28,839 - $51,916
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 168

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Revenue Cycle Specialist

Revenue cycle specialists work primarily in health-related fields to ensure financial success for hospitals and other health care facilities. This position requires in-depth knowledge of billing, invoicing, arranging payment methods, overseeing collections, accounts receivable, and proper financial statements.

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Revenue Cycle Specialist 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.

Revenue Cycle Specialist Job Listings

Popular Skills for Revenue Cycle Specialist


Revenue Cycle Specialists report using a wide range of professional skills. Most notably, skills in Accounts Receivable, Insurance, Billing, and Medical Coding are correlated to pay that is above average. Those listing Microsoft Office as a skill should be prepared for drastically lower pay. Electronic Medical Records and Medicaid Billing also typically command lower compensation. Those proficient in Billing are, more often than not, also skilled in Accounts Receivable.

Pay by Experience Level for Revenue Cycle Specialist

Pay by Experience for a Revenue Cycle Specialist has a positive trend. An entry-level Revenue Cycle Specialist with less than 5 years of experience can expect to earn an average total compensation of $33,000 based on 114 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Revenue Cycle Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $40,000 based on 62 salaries. An experienced Revenue Cycle Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $41,000 based on 73 salaries. A Revenue Cycle Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $39,000 based on 14 salaries.

Related Job Salaries

Key Stats for Revenue Cycle Specialist

Gender

Female
86 %
Male
14 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 32 votes.
Less than 1 year
5%
1-4 years
35%
5-9 years
21%
10-19 years
31%
20 years or more
8%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Revenue Cycle Specialist Salaries

▲5%

▲2%

Late-Career
▲1%

National Average
$39,000

▼14%

Skills That Affect Revenue Cycle Specialist Salaries


National Average
$39,000

▼4%

▼4%



Microsoft Excel
▼14%

Medical Terminology
▼14%

Medicaid Billing
▼16%

Electronic Medical Records (EMR)
▼19%

Microsoft Office
▼24%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 32 votes.

Gender

Female
86 %
Male
14 %

Years of Experience

Less than 1 year
5%
1-4 years
35%
5-9 years
21%
10-19 years
31%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 68%
vision benefits
Vision: 68%
no benefits
None: 10%
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