Revenue Cycle Specialist Salary

Revenue Cycle Specialists in the United States take home an average $16.03 per hour. Residence and years of experience each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Job satisfaction is reported as high by the vast majority of workers. The vast majority (82 percent) of Revenue Cycle Specialists who took the survey are female. This report is based on responses to the PayScale salary survey.
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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

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.

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Pay by Experience Level for Revenue Cycle Specialist

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


Salaries for the relatively untried average out to around $33K, but survey participants with five to 10 years of experience earn a significantly higher median of $41K. People with 10 to 20 years of experience make an average of about $41K in this role. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $40K on average.

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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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