The average hourly pay for a Revenue Cycle Specialist is $18.04.
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What Do Revenue Cycle Specialists Do?
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.
Revenue cycle specialists typically work in an office filling out paperwork and calculating health care payments to maintain the finances of their facilities, and they must use a variety …Read more
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.
Job Satisfaction for Revenue Cycle Specialist
Popular Employer Salaries for Revenue Cycle Specialist
The top respondents for the job title Revenue Cycle Specialist are from the companies Health First Medical Group, Kindred Healthcare and Kindred Healthcare. Reported salaries are highest at Kindred Healthcare where the average pay is $18.00. Health First Medical Group pays the lowest at around $14.45.
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Somewhat common (8 - 20%)
Revenue Cycle Specialist Job Listings
What Are Popular Skills for Revenue Cycle Specialists?
Skills in Billing, Insurance, Accounts Receivable, Medicaid & Medicare Billing and Medical Coding are correlated to pay that is above average.
What is the Pay by Experience Level for Revenue Cycle Specialists?
An entry-level Revenue Cycle Specialist with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $15.43 based on 16 salaries. An early career Revenue Cycle Specialist with 1-4 years of experience earns an average total compensation of $16.83 based on 184 salaries. A mid-career Revenue Cycle Specialist with 5-9 years of experience earns an average total compensation of $18.75 based on 101 salaries. An experienced Revenue Cycle Specialist with 10-19 years of experience earns an average total compensation of $19.52 based on 125 salaries. In their late career (20 years and higher), employees earn an average total compensation of $20.
Pay Difference by Location
Employees with Revenue Cycle Specialist in their job title in New York, New York earn an average of 28.0% more than the national average. These job titles also find higher than average salaries in Dallas, Texas (12.5% more) and Indianapolis, Indiana (8.9% more). The lowest salaries can be found in Melbourne, Florida (21.2% less) and Bristol, Rhode Island (9.7% less).
Years of Experience
This data is based on 482 survey responses.