As of October 01, 2026, the average salary for a Medical Billing and Collections Specialist in the United States is $78,737 per year, which breaks down to an hourly rate of $38.
However, a Medical Billing and Collections Specialist's salary can vary significantly. Here’s a look at the typical salary range:
Medical Billing and Collections Specialist Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
|---|---|---|---|---|
| 75th Percentile | $87,535 | $7,295 | $1,683 | $42 |
| Average | $78,737 | $6,561 | $1,514 | $38 |
| 25th Percentile | $73,476 | $6,123 | $1,413 | $35 |
A Medical Billing and Collections Specialist's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Medical Billing and Collections Specialist's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Entry Level Medical Billing and Collections Specialist | $76,199 |
| Intermediate Level Medical Billing and Collections Specialist | $76,426 |
| Senior Level Medical Billing and Collections Specialist | $77,560 |
| Specialist Level Medical Billing and Collections Specialist | $80,289 |
| Expert Level Medical Billing and Collections Specialist | $81,324 |
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Customer Service | 3.24% |
| Microsoft Office | 1.49% |
| Accounting | 1.08% |
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Medical Billing and Collections Specialist's salary.
| Skill | Salary | Salary % Increase |
|---|---|---|
| Oncology | $95,271 | |
| Commitment | $87,398 | |
| Process Improvement | $85,823 |
Your level of education can impact your salary potential. While many Medical Billing and Collections Specialists enter the field with a High School Diploma or Technical Certificate degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Medical Billing and Collections Specialist with a High School Diploma or Technical Certificate is between $63,186 and $68,336).
| Typical Education for Medical Billing and Collections Specialist | |
|---|---|
| Degree Level | % of user with this level of education |
| No Diploma | 1.3% |
| High School | 35.3% |
| Associates | 25.4% |
| Bachelors | 33.6% |
| Masters | 4.2% |
| Doctorate | 0.2% |
Understanding how a Medical Billing and Collections Specialist's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $87,535 | $7,295 | $1,683 | $42 |
| Average | $78,737 | $6,561 | $1,514 | $38 |
| 25th Percentile | $73,476 | $6,123 | $1,413 | $35 |
Salaries for a Medical Billing and Collections Specialist can change over time, reflecting shifts in market demand and the overall economy. The median salary increased from $57,634 in 2023 to around $58,355 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Medical Billing and Collections Specialist salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 | View More |
| 2023 | $57,634 |
| 2024 | $58,583 |
| 2025 | $58,355 |
| 2026 |
View More
|
| 2027 |
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The Pharmaceuticals industry offers the highest average compensation for Medical Billing and Collections Specialist roles, with salaries approximately 40% above the market median.
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