Revenue Cycle Specialist Salary

The average Revenue Cycle Specialist in the United States can expect to rake in roughly $16.62 per hour. Location and career duration each impact pay for this group, with the former having the largest influence. A large number enjoy medical while the greater part get dental coverage. Vision coverage is also available to more than half. Job satisfaction is high and work is enjoyable for most Revenue Cycle Specialists. There are far more female Revenue Cycle Specialists who answered the questionnaire than men, making up 88 percent. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$31,334 - $57,317
$31K
$43K
$57K
MEDIAN: $43,203
10%
50%
90%

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$13.25 - $21.69
$13
$17
$22
MEDIAN: $16.62
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$20K$40K$60K
Salary
$31,334 - $57,317  
   
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).
)
$28,397 - $51,433  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 60
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
$13.25 - $21.69  
   
Overtime
$17.84 - $33.45  
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).
)
$28,397 - $51,433  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 160

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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

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Popular Skills for Revenue Cycle Specialist


Survey results imply that Revenue Cycle Specialists put a diverse skill set to use. 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. Most people familiar with Billing also know 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
88 %
Male
12 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 27 votes.
Less than 1 year
6%
1-4 years
37%
5-9 years
21%
10-19 years
29%
20 years or more
6%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Revenue Cycle Specialist Salaries

▲8%

▲5%

Late-Career
▲3%

National Average
$38,000

▼11%

Skills That Affect Revenue Cycle Specialist Salaries


National Average
$38,000

▼2%

▼2%



Medical Terminology
▼11%

Microsoft Excel
▼12%

Medicaid Billing
▼14%

Electronic Medical Records (EMR)
▼17%

Microsoft Office
▼22%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 27 votes.

Gender

Female
88 %
Male
12 %

Years of Experience

Less than 1 year
6%
1-4 years
37%
5-9 years
21%
10-19 years
29%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 70%
vision benefits
Vision: 66%
no benefits
None: 10%