Revenue Cycle Specialist Salary

Pay for Revenue Cycle Specialists in the United States sits in the ballpark of $17.57 per hour. Geography and tenure each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and more than half collect dental insurance. Revenue Cycle Specialists who responded to the questionnaire are largely women, dominating at 87 percent. Job satisfaction is high and work is enjoyable for most Revenue Cycle Specialists. This snapshot results from replies to PayScale's salary survey.
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$32,589 - $63,649
$33K
$43K
$64K
MEDIAN: $42,911
10%
50%
90%

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$13.72 - $23.08
$14
$18
$23
MEDIAN: $17.76
10%
50%
90%

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$0$63K
Salary $32,589 - $63,649
Bonus $388 - $8,170
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).
)
$28,995 - $52,853
  • Country: United States
  • Currency: USD
  • Updated: 19 Nov 2017
  • Individuals Reporting: 60
Hourly Data $0$33
Hourly Rate $13.72 - $23.08
Overtime $11.42 - $33.22
Annual Data $0$52K
Bonus $388 - $8,170
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).
)
$28,995 - $52,853
  • Country: United States
  • Currency: USD
  • Updated: 19 Nov 2017
  • Individuals Reporting: 176

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

Popular Skills for Revenue Cycle Specialist


Revenue Cycle Specialists report using a wide range of professional skills. 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. The majority of those who know 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
85 %
Male
15 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 32 votes.
Less than 1 year
3%
1-4 years
38%
5-9 years
21%
10-19 years
30%
20 years or more
8%

Experience Affects Revenue Cycle Specialist Salaries

▲4%

▲1%

Late-Career
▼0%

National Average
$39,000

▼15%

Skills That Affect Revenue Cycle Specialist Salaries


National Average
$39,000

▼5%

▼5%



Medical Terminology
▼14%

Microsoft Excel
▼15%

Medicaid Billing
▼17%

Electronic Medical Records (EMR)
▼20%

Microsoft Office
▼24%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 32 votes.

Gender

Female
85 %
Male
15 %

Years of Experience

Less than 1 year
3%
1-4 years
38%
5-9 years
21%
10-19 years
30%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 73%
vision benefits
Vision: 70%
no benefits
None: 9%