Revenue Cycle Specialist Salary

An average Revenue Cycle Specialist in the United States can expect to take home roughly $16.67 per hour. Geography and years of experience each impact pay for this group, with the former having the largest influence. The majority of workers are highly satisfied with their job. The vast majority (87 percent) of Revenue Cycle Specialists who took the survey are female. A large number enjoy medical while the larger part get dental coverage. Vision coverage is also available to a majority. The numbers in this rundown were provided by PayScale's salary survey participants.
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$31,822 - $61,426
$32K
$44K
$61K
MEDIAN: $44,114
10%
50%
90%

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$13.06 - $21.92
$13
$17
$22
MEDIAN: $16.67
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$21K$42K$63K
Salary
$31,822 - $61,426  
   
Bonus
$1,965  
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).
)
$28,159 - $52,310  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 64
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
$13.06 - $21.92  
   
Overtime
$17.90 - $33.33  
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
$1,965  
   
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).
)
$28,159 - $52,310  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 169

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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

  • 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


Revenue Cycle Specialists report using a diverse set of skills on the job. Most notably, skills in Accounts Receivable, Medical Coding, Insurance, 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. Those proficient in Billing are, more often than not, also skilled in Accounts Receivable.

Pay by Experience Level for Revenue Cycle Specialist

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


Those in the early stages of their career can expect to make around $34K; however, individuals with five to 10 years of experience bring in $40K on average — a distinctly larger sum. The average pay reported by folks with 10 to 20 years of experience is around $41K. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $40K.

Related Job Salaries

Key Stats for Revenue Cycle Specialist

Gender

Female
87 %
Male
13 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 30 votes.
Less than 1 year
6%
1-4 years
37%
5-9 years
21%
10-19 years
28%
20 years or more
7%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Revenue Cycle Specialist Salaries

▲8%

▲6%

Late-Career
▲4%

National Average
$38,000

▼12%

Skills That Affect Revenue Cycle Specialist Salaries


National Average
$38,000


▼3%

▼3%

Medicaid & Medicare Billing
▼4%

Medical Terminology
▼12%

Microsoft Excel
▼13%

Electronic Medical Records (EMR)
▼18%

Microsoft Office
▼22%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 30 votes.

Gender

Female
87 %
Male
13 %

Years of Experience

Less than 1 year
6%
1-4 years
37%
5-9 years
21%
10-19 years
28%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 70%
vision benefits
Vision: 65%
dental benefits
None: 10%
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