How much does a Business Office Director - Healthcare make in Covington, MI? The average Business Office Director - Healthcare salary in Covington, MI is $147,093 as of September 01, 2024, but the range typically falls between $124,782 and $178,425. 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. 

Business Office Director - Healthcare Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Business Office Director - Healthcare Salary $104,468 Covington,MI September 01, 2024
25th Percentile Business Office Director - Healthcare Salary $124,782 Covington,MI September 01, 2024
50th Percentile Business Office Director - Healthcare Salary $147,093 Covington,MI September 01, 2024
75th Percentile Business Office Director - Healthcare Salary $178,425 Covington,MI September 01, 2024
90th Percentile Business Office Director - Healthcare Salary $206,950 Covington,MI September 01, 2024
25% $124,782 10% $104,468 90% $206,950 75% $178,425 $147,093 50%(Median) Didn’t find job title? Click
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What skills does a Business Office Director - Healthcare 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.

Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.

2.

Bookkeeping: Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process. Bookkeeping is the work of a bookkeeper (or book-keeper), who records the day-to-day financial transactions of a business. They usually write the daybooks (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct daybook—that is, petty cash book, suppliers ledger, customer ledger, etc.—and the general ledger. Thereafter, an accountant can create financial reports from the information recorded by the bookkeeper.

3.

General Ledger: Creating and keeping track of business transactions and activities to monitor financial operations.

Leadership 3.02%
Bookkeeping 3.58%
General Ledger 1.7%
Others 91.7%
What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Business Office Director - Healthcare higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Accounting, you can get a 6% salary raise. If you are good at Business Administration, your salary will increase by 5%. If you are expert in Accounts Receivable, your salary will rise by 5%.
Skill Salary Demand
Accounting
$155,919
6%
Business Administration
$154,448
5%
Accounts Receivable
$154,448
5%
Accounts Payable
$152,977
4%
Office Management
$152,977
4%
Organizational Skills
$152,977
4%
Last Updated on September 01, 2024
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Job Description for Business Office Director - Healthcare

Business Office Director - Healthcare directs the day to day activities of a hospital's business office. Responsible for admitting and registration, patient billing and collection, third-party payer relations, and preparation of insurance claims. Being a Business Office Director - Healthcare administers policies and procedures and ensures all office activities comply with hospital standards and government regulations. Ensures that patient financial matters are handled in an efficient manner. Additionally, Business Office Director - Healthcare requires a bachelor's degree. Typically reports to top management. The Business Office Director - Healthcare manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be a Business Office Director - Healthcare typically requires 5+ years of managerial experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Business Office Director - Healthcare in Covington, MI
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Career Path for Business Office Director - Healthcare

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 Business Office Director - Healthcare, the first career path typically progresses to Top Business Office Executive - Healthcare.

Those that have already made the climb...
Mital Patel, Executive Vice President of Financial Planning and Analysis and Chief Administrative Officer
RadNet, Inc., together with its subsidiaries, provides outpatient diagnostic imaging services in the United States. The company operates in two segments: Imaging Centers and Artificial Intelligence. Its services include magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mam... More
Fiscal Year Ended in 2023
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Business Office Director - Healthcare salary varies from city to city. Compared with national average salary of Business Office Director - Healthcare, the highest Business Office Director - Healthcare salary is in San Francisco, CA, where the Business Office Director - Healthcare salary is 25.0% above. The lowest Business Office Director - Healthcare salary is in Miami, FL, where the Business Office Director - Healthcare 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 Business Office Director - Healthcare, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
124782
178425
147093

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
131341
186927
154612
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Business Office Director - Healthcare in Covington, MI. The base salary for Business Office Director - Healthcare ranges from $124,782 to $178,425 with the average base salary of $147,093. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $131,341 to $186,927 with the average total cash compensation of $154,612.
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

124782
178425

 

Step 3 of 3

How much should you be paid?

About Covington, Michigan    Covington is an unincorporated community in Covington Township of Baraga County in the U.S. state of Michigan. It is located along U.S. Route 141 nea....More

Covington, Michigan  area prices were up 1.3% from a year ago    View the Cost of Living in Covington, Michigan

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