How much does a Billing Analyst I make in Chicago, IL? The average Billing Analyst I salary in Chicago, IL is $57,570 as of March 26, 2024, but the range typically falls between $49,386 and $67,255. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Billing Analyst I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Billing Analyst I Salary $41,936 Chicago,IL March 26, 2024
25th Percentile Billing Analyst I Salary $49,386 Chicago,IL March 26, 2024
50th Percentile Billing Analyst I Salary $57,570 Chicago,IL March 26, 2024
75th Percentile Billing Analyst I Salary $67,255 Chicago,IL March 26, 2024
90th Percentile Billing Analyst I Salary $76,073 Chicago,IL March 26, 2024
25% $49,386 10% $41,936 90% $76,073 75% $67,255 $57,570 50%(Median) Didn’t find job title? Click
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What skills does a Billing Analyst I need?

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.

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.

2.

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.

3.

Accounts Payable: Accounts payable (AP) is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

Customer Service 3.56%
Medical Billing 1.65%
Accounts Payable 0.72%
Others 94.07%

Job Description for Billing Analyst I

Billing Analyst I assists with the design and implementation of billing processes that ensure timely and accurate billing of customers. Ensures that invoices accurately reflect terms and conditions agreed to by the organization and comply with governmental rules and regulations. Being a Billing Analyst I investigates and resolves billing discrepancies and errors. Recommends improvements to billing process. Additionally, Billing Analyst I may monitor customer accounts for timely payments and provide reports to management on overdue accounts. Typically requires a bachelor's degree in a related area or equivalent. Typically reports to a manager or supervisor. The Billing Analyst I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Billing Analyst I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Billing Analyst I in Chicago, IL

Career Path for Billing Analyst I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Billing Analyst I, the first career path typically starts with a Billing Analyst II position, and then progresses to Billing Manager.

Additionally, the second career path typically starts with a Billing Systems Analyst II position, and then progresses to Billing Systems Manager.

Those that have already made the climb...
Carl R. Iberger, Former Chief Financial Officer
Precipio, Inc., a healthcare solutions company, provides diagnostic products, reagents, and services in the United States. It provides diagnostic blood cancer testing services. The company offers IV-Cell, a proprietary cell culture media that enables simultaneous culturing of four hematopoietic cell lineages; HemeScree... More
Fiscal Year Ended in 2022
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Billing Analyst I salary varies from city to city. Compared with national average salary of Billing Analyst I, the highest Billing Analyst I salary is in San Francisco, CA, where the Billing Analyst I salary is 25.0% above. The lowest Billing Analyst I salary is in Miami, FL, where the Billing Analyst I salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Billing Analyst I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
49386
67255
57570

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
50268
69225
58636
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Billing Analyst I in Chicago, IL. The base salary for Billing Analyst I ranges from $49,386 to $67,255 with the average base salary of $57,570. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $50,268 to $69,225 with the average total cash compensation of $58,636.
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49386
67255

 

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About Chicago, Illinois    Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois  area prices were up 0.8% from a year ago    View the Cost of Living in Chicago, Illinois

Billing Analyst I Salary in popular cities: AuroraRockfordJoliet

Skills associated with Billing Analyst I: Account Reconciliation, Billing Software, Process Analysis, Inquiry Research/Response ...More

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Salary estimation for Billing Analyst I at companies like : Parent Child University, A Coronis Health Co, The Hospitals of Providence Transmountain Campus

Jobs with a similar salary range to Billing Analyst I : Planogrammer, Billing Processor, Invoicing Manager