Medical Billing Specialist Salary at Summit Consulting Llc BETA
How much does a Summit Consulting Llc Medical Billing Specialist make?
As of December 2024, the average annual salary for a Medical Billing Specialist at Summit Consulting Llc is $41,333, which translates to approximately $20 per hour. Salaries for Medical Billing Specialist at Summit Consulting Llc typically range from $38,848 to $44,393, 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.
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What Skills Does a person Need at Summit Consulting Llc?
At Summit Consulting Llc, 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.
- Billing: Billing refers to the aspect of banking, whereby someone is charged accurately for what item they purchased.
- 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.
- Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
- 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.
- CPT: Current Procedural Terminology (CPT) is a medical code set that is used to report medical, surgical, and diagnostic procedures and services to entities such as physicians, health insurance companies and accreditation organizations.
Related Jobs
Check more jobs information at Summit Consulting Llc
| Job Title | Average Summit Consulting Llc Salary | Hourly Rate | |
|---|---|---|---|
| 2 | Accounting Representative I | $43,101 | $21 |
| 3 | Accounting Representative III | $50,072 | $24 |
| 4 | Administrative Assistant III | $57,135 | $27 |
| 5 | Advisory Board Member | $88,509 | $43 |
| 6 | Application Developer | $103,900 | $50 |
| 7 | Associate System Administrator | $77,958 | $37 |
| 8 | Auditing | $69,831 | $34 |
| 9 | Business Development Executive | $95,910 | $46 |
| 10 | Case Manager Supervisor | $92,226 | $44 |
| 11 | Claim Specialist | $77,266 | $37 |
| 12 | Claims Adjuster | $63,196 | $30 |
| 13 | Claims Manager | $112,838 | $54 |
Hourly Pay at Summit Consulting Llc
FAQ about Salary and Jobs at Summit Consulting Llc
The average hourly pay is $20. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
According to the data, the highest approximate salary is about $44,393 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
According to the data, the lowest estimated salary is about $38,848 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
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.