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What is the highest and lowest pay for Medical Billing Specialist II?

As of December 01, 2024, the average annual pay of Medical Billing Specialist II in the United States is $47,080. While Salary.com is seeing that the highest pay for Medical Billing Specialist II in the US can go up to $57,617 and the lowest down to $38,615, but most earn between $42,649 and $52,595. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Medical Billing Specialist II in the United States.

Medical Billing Specialist II Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $52,595 $4,383 $1,011 $25
Average $47,080 $3,923 $905 $23
25th Percentile $42,649 $3,554 $820 $21

Average Salary

25% $42,649 10% $38,615 90% $57,617 75% $52,595 $47,080 50%(Median) Didn’t find job title? Click
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What is the hourly and monthly salary as a Medical Billing Specialist II?

As of December 01, 2024, the average hourly salary is $23 (range: $19 to $28); the average monthly salary is $3,923 (range: $3,218 to $4,801).

Click the switch button below to see weekly and yearly salary of a Medical Billing Specialist II.

Last Updated on December 01, 2024
Last Updated on December 01, 2024

What are the salaries of Medical Billing Specialist II with different levels of experience?

As of December 01, 2024, Salary.com is seeing that an entry-level Medical Billing Specialist II with under 1 year experience makes about $45,839. With less than 2 years of experience, a mid-level Medical Billing Specialist II makes around $45,936. After 2-4 years, the Medical Billing Specialist II pay rises to about $47,236. Those senior Medical Billing Specialist II with 5-8 years of experience earn roughly $49,070, and those Medical Billing Specialist II having 8 years or more experience is expected to earn about $49,201 on average.

Levels Salary
Entry Level Medical Billing Specialist II $45,839
Intermediate Level Medical Billing Specialist II $45,936
Senior Level Medical Billing Specialist II $47,236
Specialist Level Medical Billing Specialist II $49,070
Expert Level Medical Billing Specialist II $49,201
$45,839 0 yr
$45,936 < 2 yrs
$47,236 2-4 yrs
$49,070 5-8 yrs
$49,201 > 8 yrs
Last Updated on December 01, 2024
Entry Level 3%
Mid Level 2%
Senior Level 0%
Top Level 4%
Experienced 5%
View as graph
Last Updated on December 01, 2024

How much does salary of Medical Billing Specialist II vary from city to city?

Salaries in the United States can vary significantly from city to city due to a multitude of factors, including cost of living, local economic conditions, and industry presence.

For example, as of December 01, 2024, the average yearly salary of Medical Billing Specialist II in San Francisco, CA is $58,850 and in New York, NY, the average annual salary goes to $54,990. While a Medical Billing Specialist II earns $52,777 per year in Boston, MA.

What is the salary trend of Medical Billing Specialist II?

For those exploring the changing dynamics of Medical Billing Specialist II salaries, Salary.com offers detailed insights through our Job Trending in CA Labor Market analysis. As of December 01, 2024, our research highlights a notable shift in Medical Billing Specialist II compensation over the past six years. For instance, the median salary has moved from $38,894 in 2023 to about $38,841 in 2024 (for a comprehensive analysis of Medical Billing Specialist II salary trends, click here). It's crucial to consider several elements, including geographical location, experience level, industry demand, and economic development, as they play a significant role in influencing salary variations.

Average Annual Salary of Medical Billing Specialist II Over Time

2020
$???
2021
$???
2022
$???
$38,894
2023
$38,841
2024
$38,524
2025
2026
$???
Last Updated on December 01, 2024
2020
$???
2021
$???
2022
$???
2023
$38,894
2024
$38,841
2025
$38,524
2026
$???
Last Updated on December 01, 2024

Medical Billing Specialist II Salary by Year

Year Average Annual Salary
2020 View More
2021 View More
2022 View More
2023 $38,894
2024 $38,841
2025 $38,524
2026 View More
Last Updated on December 01, 2024

Job Openings of Medical Billing Specialist II

Salary.com job board provides millions of Medical Billing Specialist II information for you to search for. Click on search button below to see Medical Billing Specialist II job openings or enter a new job title here.

Most Common Benefits for Medical Billing Specialist II

Based on HR-reported data: a national average with a geographic differential
Base Salary 69.3%
Bonuses 0.2%
Social Security 5.3%
401k/403b 3.3%
Disability 0.6%
Healthcare 8.9%
Pension 3.8%
Time Off 8.6%
Core Compensation
Core Compensation Median % of Total
Base Salary $47,080 69.3%
Bonus $167 0.2%
Value of Benefits
Core Compensation Median % of Total
Social Security $3,614 5.3%
401K/403B $2,221 3.3%
Disability $378 0.6%
Healthcare $6,056 8.9%
Pension $2,599 3.8%
Time Off $5,815 8.6%
Total Compensation $67,930 100%
Core Compensation is based on averages for this job and does not reflect personal factors used to determine your projected salary range.
Value of Benefits indicates the employer's expected contribution and paid time off.
Last Updated on December 01, 2024

What are the salaries of a Medical Billing Specialist II with different levels of education?

Salaries for Medical Billing Specialist II with a High School Diploma or Technical Certificate

According to our 100% employer reported salary sources the median salary for a Medical Billing Specialist II with a No Diploma is $44,915 - $46,812. Please try our salary wizard to explore how other factors like location, Years of experience and number of direct reports can impact your base pay and bonus.

Medical Billing Specialist II Salaries by Degree Level

Last Updated on December 01, 2024
Typical Education for Medical Billing Specialist II
Degree Level % of user with this level of education
No Diploma 5.0%
High School 27.5%
Associates 20.0%
Bachelors 42.5%
Masters 5.0%
Typical Education for Medical Billing Specialist II
No Diploma 5.0%
High School 27.5%
Associates 20.0%
Bachelors 42.5%
Masters 5.0%
view as table

Medical Billing Specialist II Salaries by Degree Level

Last Updated on December 01, 2024

What Am I Worth?

FAQ about Medical Billing Specialist II

1. What is the average salary of a Medical Billing Specialist II?

The average annual salary of Medical Billing Specialist II is $47,080. In case you are finding an easy salary calculator, the average hourly pay of Medical Billing Specialist II is $23; the average weekly pay of Medical Billing Specialist II is $905; the average monthly pay of Medical Billing Specialist II is $3,923.

2. Where can a Medical Billing Specialist II earn the most?

A Medical Billing Specialist II'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 Medical Billing Specialist II earns the most in San Jose, CA, where the annual salary of a Medical Billing Specialist II is $59,086.

3. What is the highest pay for Medical Billing Specialist II?

The highest pay for Medical Billing Specialist II is $57,617.

4. What is the lowest pay for Medical Billing Specialist II?

The lowest pay for Medical Billing Specialist II is $38,615.

5. What are the responsibilities of Medical Billing Specialist II?

Medical Billing Specialist II prepares and processes medical invoices to support timely and efficient billing operations. Documents and inputs payment records in accordance with industry standards and government regulations. Being a Medical Billing Specialist II collects and updates patient billing and insurance information to maintain medical billing information systems and ensure organized and accurate records. Prepares and distributes applicable documentation and resources for patients. Additionally, Medical Billing Specialist II liaises with patients, medical providers, and insurance companies, resolving billing inquiries and gathering additional patient information as necessary. Remains knowledgeable and compliant with proper medical and insurance claim processes. Requires a high school diploma. Typically reports to a supervisor. The Medical Billing Specialist II works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Medical Billing Specialist II typically requires 1-3 years of related experience.

6. What are the skills of Medical Billing Specialist II

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.)

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.)

HIPAA: The Health Insurance Portability and Accountability Act of 1996 is a federal law that required the creation of national standards to protect sensitive patient health information from being disclosed without the patient's consent or knowledge.

3.)

Practice Management: Practice management is the term used in General practice for the person who manages the finance and administration of a doctor's office or an office of a medical professional in one of many types of specialties in medicine.

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for a Medical Billing Specialist II is $47,080 per year in the United States, updated at December 01, 2024.
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