As of March 01, 2025, the average annual salary for a Collections Specialist - Healthcare in the United States is $47,607. Salary.com reports that pay typically ranges from $42,685 to $53,382, with most professionals earning between $38,203 and $58,639.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $53,382 | $4,448 | $1,027 | $26 |
| Average | $47,607 | $3,967 | $916 | $23 |
| 25th Percentile | $42,685 | $3,557 | $821 | $21 |
An entry-level Collections Specialist - Healthcare with less than 1 year of experience earns about $44,898. With 1-2 years of experience, the average salary increases to $45,039. For 2-4 years of experience, the pay typically rises to $46,881. Senior-level professionals with 5-8 years of experience earn around $49,250, and those with over 8 years of experience can expect an average of $49,419.
| Levels | Salary |
|---|---|
| Entry Level Collections Specialist - Healthcare | $44,898 |
| Intermediate Level Collections Specialist - Healthcare | $45,039 |
| Senior Level Collections Specialist - Healthcare | $46,881 |
| Specialist Level Collections Specialist - Healthcare | $49,250 |
| Expert Level Collections Specialist - Healthcare | $49,419 |
| Entry Level | 6% |
| Mid Level | 5% |
| Senior Level | 2% |
| Top Level | 3% |
| Experienced | 4% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Collections Specialist - Healthcare compensation over the past six years. For example, the median salary increased from $42,495 in 2023 to approximately $43,002 in 2024. (For a detailed analysis of Collections Specialist - Healthcare salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Collections Specialist - Healthcare information for you to search for. Click on search button below to see Collections Specialist - Healthcare job openings or enter a new job title here.
Here are companies hiring for Collections Specialist - Healthcare and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $47,607 | 69.5% | ||
| Bonus | $79 | 0.1% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $3,648 | 5.3% | ||
| 401K/403B | $2,241 | 3.3% | ||
| Disability | $381 | 0.6% | ||
| Healthcare | $6,056 | 8.8% | ||
| Pension | $2,623 | 3.8% | ||
| Time Off | $5,869 | 8.6% | ||
| Total Compensation | $68,505 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 2.7% |
| High School | 48.0% |
| Associates | 26.7% |
| Bachelors | 18.7% |
| Masters | 4.0% |
What Am I Worth?
The average annual salary of Collections Specialist - Healthcare is $47,607. In case you are finding an easy salary calculator, the average hourly pay of Collections Specialist - Healthcare is $23; the average weekly pay of Collections Specialist - Healthcare is $916; the average monthly pay of Collections Specialist - Healthcare is $3,967.
A Collections Specialist - Healthcare's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Collections Specialist - Healthcare earns the most in San Jose, CA, where the annual salary of a Collections Specialist - Healthcare is $59,747.
The highest pay for Collections Specialist - Healthcare is $58,639.
The lowest pay for Collections Specialist - Healthcare is $38,203.
Collections Specialist - Healthcare is responsible for requesting payment and collecting overdue balances from patients. Contacts patients by phone or mail to request payment and to review their account details. Being a Collections Specialist - Healthcare responds to patient questions and sets up alternative pay plans if necessary. Maintains patient account records and resolves third party payer issues. Additionally, Collections Specialist - Healthcare typically requires a high school diploma. Typically reports to a supervisor or manager. The Collections Specialist - Healthcare works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Collections Specialist - Healthcare typically requires 1-3 years of related experience.
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