Billing Specialist Salary at Medical Practice Success BETA

How much does a Medical Practice Success Billing Specialist make?

As of December 2024, the average annual salary for a Billing Specialist at Medical Practice Success is $62,334, which translates to approximately $30 per hour. Salaries for Billing Specialist at Medical Practice Success typically range from $56,524 to $69,787, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Medical Practice Success Overview

Website:
medpracticesuccess.com
Size:
25 - 50 Employees
Revenue:
$5M - $10M
Industry:
Business Services

We understand your business isnt about numbers its about patients. And yet, better numbers translate into better care for patients and better health for your business. Give us a call today and lets discuss a plan to get your business where it should be. More than 25% of lost practice revenue comes from poor medical billing and revenue cycle management practices. We are experts in tracking all the details, so your claims get submitted and paid correctly on time. Learn how to grow your TOP Line. Medical Practice Success combines the right processes of business intelligence tools and analytics to give you the best optics, and we assist you with improving your financial outcomes. We give you the reporting you need to make sure your company is operating at optimal performance. In addition, our teams of experts review key performance metrics and proactively notify you if performance is not consistent with your goals.

See similar companies related to Medical Practice Success

What Skills Does a person Need at Medical Practice Success?

At Medical Practice Success, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Billing: Billing refers to the aspect of banking, whereby someone is charged accurately for what item they purchased.
  2. Accounts Receivable: Accounts receivable is a legally enforceable claim for payment held by a business for goods supplied and/or services rendered that customers/clients have ordered but not paid for. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the customer has ordered. These may be distinguished from notes receivable, which are debts created through formal legal instruments called promissory notes.
  3. Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
  4. Medical Billing: Medical billing is a payment practice within the United States health system. The process involves a healthcare provider submitting, following up on, and appealing claims with health insurance companies in order to receive payment for services rendered; such as testing, treatments, and procedures. The same process is used for most insurance companies, whether they are private companies or government sponsored programs: Medical coding reports what the diagnosis and treatment were, and prices are applied accordingly. Medical billers are encouraged, but not required by law, to become certified by taking an exam such as the CMRS Exam, RHIA Exam, CPB Exam and others. Certification schools are intended to provide a theoretical grounding for students entering the medical billing field. Some community colleges in the United States offer certificates, or even associate degrees, in the field. Those seeking advancement may be cross-trained in medical coding or transcription or auditing, and may earn a bachelor's or graduate degree in medical information science and technology.
  5. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.

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Check more jobs information at Medical Practice Success

Job Title Average Medical Practice Success Salary Hourly Rate
2 Administrative Lead $56,797 $27
3 Coder $55,307 $27
4 Credentialing Coordinator $34,614 $17
5 Manager, Operations $88,798 $43
6 Supervisor, Coding $67,222 $32
7 Director, Client Operations $117,119 $56
8 Director, Revenue Cycle $119,469 $57
9 Training Coordinator $43,168 $21
10 Workers $46,277 $22
11 Accounting Analyst $60,729 $29
12 Administrative Assistant Bookkeeper $33,766 $16
13 Manager, Revenue Cycle $81,738 $39

Hourly Pay at Medical Practice Success

The average hourly pay at Medical Practice Success for a Billing Specialist is $30 per hour. The location, department, and job description all have an impact on the typical compensation for Medical Practice Success positions. The pay range and total remuneration for the job title are shown in the table below. Medical Practice Success may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $62,334 look to you?

FAQ about Salary and Jobs at Medical Practice Success

1. How much does Medical Practice Success pay per hour?
The average hourly pay is $30. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Medical Practice Success?
According to the data, the highest approximate salary is about $69,787 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Medical Practice Success?
According to the data, the lowest estimated salary is about $56,524 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.