Billing Specialist Salary
Billing Specialists in the United States are largely female. The average salary of the entire group is approximately $15.96 per hour. Cash earnings for Billing Specialists — which occasionally include more than $4K from bonuses and more than $3K from profit sharing — stretch from around $27K to approximately $50K. The specific employer is the main element affecting pay for this group — geography and tenure are driving factors as well. Close to one-fourth of professionals in this line of work do not receive benefits; however, a strong majority report medical coverage and more than half claim dental coverage as well. Most Billing Specialists like their work and job satisfaction is high. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
|Salary||$30,820 - $57,630|
|Bonus||$298.33 - $4,500|
|Profit Sharing||$470.00 - $3,052|
|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).)
|$27,108 - $50,234|
|Hourly Rate||$12.62 - $21.19|
|Overtime||$18.35 - $33.64|
|Bonus||$298.33 - $4,500|
|Profit Sharing||$470.00 - $3,052|
|Total Pay (||$27,108 - $50,234|
Job Description for Billing Specialist
Billing specialists generally complete specific tasks related to a company’s billing and accounting needs; they are supervised by an office manager or billing manager. Day-to-day responsibilities of a billing specialists include preparing and submitting invoices through electronic or non-electronic means to ensure processing and payment; resolving issues related to payments by clients such as rejection or deduction analysis; and communicating with clients, legal staff, or others to coordinate revisions or adjustments for resubmission. Other responsibilities fielding questions from clients, clerical staff, and others; cooperating with the billing manager or office manager to ensure that their work adheres to the standards, guidelines, procedures, and deadlines set by the company; and preparing special documents as required by clients, attorneys, or managers. Billings specialists work in a normal office environment. Their hours depend on the company's needs, and this position may be part time or full time.Read More...
A high school diploma or GED is required for this position, but a bachelor's degree and experience in accounting or finance is preferred. Billing specialists work with a variety of individuals while dealing with collection and billing issues. As such, they need to have excellent personal skills to communicate effectively with clients, supervisors, attorneys, and assistants. They should possess superb computer skills, including a proficiency with Microsoft Outlook and Excel. A general knowledge of billing and collection practices, as well as business office procedures, is necessary. Experience operating a multi-line telephone system is preferred. Billing specialists need to be able to read, understand and follow oral and written instructions, while maintaining professional working relationships with clients, and employees. (Copyright 2017 PayScale.com)
Billing Specialist Tasks
- Manage customer accounts, collect payments, and update accounts to reflect changes.
- Work with customers to set up payment plans and ensure bills are paid.
- Answer customer questions about billing and resolve any errors.
- Submit customer insurance claims and process payments from insurance companies.
Common Career Paths for Billing Specialist
Though not the most common occurrence, Billing Specialists sometimes become Financial Analysts, where the average income is $55K per year. Billing Specialists most often move into positions as Billing Managers or Billing Supervisors; those groups report median salaries that are $11K higher and $6K higher, respectively.
Billing Specialist Job Listings
Popular Employer Salaries for Billing Specialist
Leading companies who hire large numbers of Billing Specialists include Laboratory Corporation of America (LabCorp), Anmed Health, Ricoh Corporation, Parallon Business Solutions, and Community Health Systems. For Billing Specialists, comfortable salaries can be found at Ricoh Corporation; in fact, median earnings sit around $43K, the highest in the area.
Popular Skills for Billing Specialist
Billing Specialists seem to wield many skills on the job. Most notably, skills in Accounting, Data Analysis, Accounts Receivable, and Microsoft Office are correlated to pay that is above average. At the other end of the pay range are skills like Insurance, Medicaid Billing, and Medical Coding. People who know Billing usually also know Medicaid & Medicare Billing and Collections. The majority of those who know Accounts Receivable also know Collections and Medicaid & Medicare Billing.
Pay by Experience Level for Billing Specialist
Pay by Experience for a Billing Specialist has a positive trend. An entry-level Billing Specialist with less than 5 years of experience can expect to earn an average total compensation of $32,000 based on 1,222 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Billing Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $36,000 based on 669 salaries. An experienced Billing Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $38,000 based on 643 salaries. A Billing Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $40,000 based on 212 salaries.
Pay Difference by Location
With a pay rate for Billing Specialists that is 27 percent greater than the national average, Los Angeles offers a comfortable salary for those in this profession. Billing Specialists can also look forward to large paychecks in cities like New York (+21 percent), Philadelphia (+19 percent), Chicago (+15 percent), and San Diego (+9 percent). San Antonio ranks last in the field for pay, reporting salaries 12 percent below the national average. A couple other locations with smaller-than-average paychecks include Indianapolis (10 percent lower) and Pittsburgh (3 percent lower).
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