Revenue Cycle Specialist Salary

For Revenue Cycle Specialists, hourly average wages total $16.03 per hour. Location and career duration each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Most Revenue Cycle Specialists like their work and job satisfaction is high. Women make up the vast majority of Revenue Cycle Specialists (82 percent) who answered the questionnaire. This overview is based on answers to PayScale's salary questionnaire.
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$33,063 - $72,045
(Median)
$33K
$50K
$72K
MEDIAN: $49,681
10%
50%
90%

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$12.29 - $21.17
(Median)
$12
$16
$21
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$25K$50K$75K
Salary
$33,063 - $72,045  
   
Bonus
$0.00 - $6,632  
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).
)
$27,385 - $56,100  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 81
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$10$20$30
Hourly Rate
$12.29 - $21.17  
   
Overtime
$13.21 - $29.92  
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$20K$40K$60K
Bonus
$0.00 - $6,632  
   
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).
)
$27,385 - $56,100  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 181
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Job Description for Revenue Cycle Specialist

  • 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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Survey results show that Revenue Cycle Specialists use a fair number of skills. Fortunate workers who know Microsoft Excel command much higher paychecks, scoring salaries 34 percent above average. Skills that seem to negatively impact pay include Electronic Medical Records, Insurance, and Billing. Those with knowledge of Billing tend to be skilled in Medical Coding as well.

Pay by Experience Level for Revenue Cycle Specialist

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


Respondents with less than five years' experience take home $33K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $41K. Revenue Cycle Specialists who work for 10 to 20 years in their occupation tend to earn about $41K. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $40K.

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Experience Affects Revenue Cycle Specialist Salaries

Mid-Career
up arrow 12%

Experienced
up arrow 11%

Late-Career
up arrow 9%

National Average
$37,000

Entry-Level
up arrow 10%

Skills That Affect Revenue Cycle Specialist Salaries

Microsoft Excel
up arrow 34%

Medical Coding
0%

National Average
$37,000

Accounts Receivable
up arrow 2%

Medicaid & Medicare Billing
up arrow 2%

Medical Terminology
up arrow 5%

Billing
up arrow 13%

Insurance
up arrow 13%

Electronic Medical Records (EMR)
up arrow 17%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 42 votes.

Gender

Female
82 %
Male
18 %

Years of Experience

Less than 1 year
8%
1-4 years
37%
5-9 years
21%
10-19 years
25%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 72%
medical benefits
Vision: 64%
dental benefits
None: 14%
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