For Revenue Cycle Specialists, hourly average wages total $16.44 per hour. Location and tenure each impact pay for this group, with the former having the largest influence. Among survey respondents, women are more common than men; 88 percent of Revenue Cycle Specialists are female. Medical benefits are awarded to a large number, and the greater part earn dental coverage. Work is reasonably fulfilling for most Revenue Cycle Specialists — the majority report average levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.
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$32,444 - $63,465
(Median)
$32K
$45K
$63K
MEDIAN: $44,722
10%
50%
90%

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$12.99 - $22.17
(Median)
$13
$16
$22
MEDIAN: $16.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Salary
$32,444 - $63,465  
   
Bonus
$394.53 - $7,949  
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).
)
$28,161 - $53,424  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 54
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$12$24$36
Hourly Rate
$12.99 - $22.17  
   
Overtime
$18.03 - $33.11  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Bonus
$394.53 - $7,949  
   
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).
)
$28,161 - $53,424  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 157
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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

  • Identify revenue cycle problems and implement solutions for improvement.
  • Coordinate activities of staff responsible for charge capture, coding, charge entry, insurance follow up, reimbursement analysis, or other financial functions.
  • Responsible for operations of patient business services, insurance verification, and workers compensation authorizations.

Revenue Cycle Specialist Job Listings

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Popular Skills for Revenue Cycle Specialist


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Accounts Receivable, Medical Terminology, Medical Coding, and Billing 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 Microsoft Excel also typically command lower compensation. Most people skilled in Billing are similarly competent in Accounts Receivable.

Pay by Experience Level for Revenue Cycle Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Salaries of relatively inexperienced workers fall in the neighborhood of $33K, but folks who have racked up five to 10 years see a notably higher median of $41K. Revenue Cycle Specialists claiming one to two decades of experience make an estimated median of $42K. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $40K.

Related Job Salaries

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Experience Affects Revenue Cycle Specialist Salaries



Late-Career
up arrow 5%

National Average
$38,000


Skills That Affect Revenue Cycle Specialist Salaries


Medical Terminology
up arrow 4%

National Average
$38,000

Medical Coding
up arrow 1%

Billing
up arrow 2%

Insurance
up arrow 3%

Medicaid & Medicare Billing
up arrow 8%

Microsoft Excel
up arrow 12%

Electronic Medical Records (EMR)
up arrow 17%

Microsoft Office
up arrow 22%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 29 votes.

Gender

Female
88 %
Male
12 %

Years of Experience

Less than 1 year
7%
1-4 years
33%
5-9 years
21%
10-19 years
29%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 68%
medical benefits
Vision: 63%
dental benefits
None: 12%
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