You want to know what the average salary is for a Billing Specialist? As a recent graduate, getting your first job is certainly a priority. A good salary will help you pay back student loans and help you get started in life. You can expect to earn about $86,000 a year. Here’s how it breaks down…
The average salary for a billing specialist is $54,000 per year.
Average salary for billing specialist
If you’re interested in a career that combines accounting with customer service, a job as a billing specialist might be for you. This is a type of administrative role that typically involves many different tasks and responsibilities, like maintaining payment records and billing customers. And while these jobs can sound mundane, they’re actually an important part of the health care and insurance industries because they ensure patients get the care they need at an affordable cost. In this article, we’ll explore what a billing specialist does, how much this job pays, where it’s best to find open positions and more.
The average salary for a billing specialist is about $38,000 a year.
The average salary for a billing specialist is about $38,000 a year. This can vary depending on the industry and location. For example, healthcare billing specialists earn approximately $44,000 on average in Washington DC whereas those working in New York City make around $36,000 per year.
Billing specialists typically have at least some college education under their belts; however, the more education you have, the higher your salary is likely to be. For example, registered nurses with bachelor’s degrees typically earned over $70K while those with master’s degrees made nearly $85K per year in 2017 (BLS). A bachelor’s degree could help you earn up to an additional $5K per year compared to someone without one (NACE).
Billing specialists typically work in the health care or insurance industries and handle a variety of tasks like maintaining records, billing customers and processing payments.
Billing specialists are usually employed by hospitals, clinics, insurance companies or medical billing companies. These professionals are responsible for keeping track of patient accounts and making sure that patients are billed for the services they receive. In addition to this, billing specialists may be tasked with handling insurance claims.
- Knowledge of medical terminology is important as well as an understanding of insurance policies and procedures.
- While a bachelor’s degree in healthcare administration can be helpful in obtaining a job as a billing specialist, it is not required.
- Average pay for this position varies based on experience level and geographic location but typically ranges from $30k-$45k annually
Billing specialists are also known as medical billers, medical coding specialists and medical record clerks.
Billing specialists are the people who handle the paperwork involved in billing customers. They usually work for hospitals, insurance companies and other health care organizations.
The job of a billing specialist can be complicated by the fact that there are many different codes used to describe a procedure or test. Billing specialists must know how to interpret these codes so they can properly bill patients or their insurance company. Some people who hold this position are also responsible for handling payment disputes between providers and patients as well as keeping track of unpaid claims from previous visits by patients.
Conclusion
Billing specialists handle a variety of tasks, including maintaining records and processing payments. They also make sure that companies are reimbursed for their work on time and correctly. In this article, we covered some of the skills you’ll need to become a billing specialist as well as what your salary might look like if you do become one.
