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Revenue Cycle Management Salary in Illinois

How much does a Revenue Cycle Management make in Illinois? The salary range for a Revenue Cycle Management job is from $65,412 to $85,455 per year in Illinois. Click on the filter to check out Revenue Cycle Management job salaries by hourly, weekly, biweekly, semimonthly, monthly, and yearly.

Average base salary
updated at March 26, 2024
$75,035
Per Year
The average salary for a Revenue Cycle Management is $75,035
per Year in Illinois.
Individually reported data submitted by users of our website

HOW SHOULD YOU USE THIS DATA?

Employees: Use this as a guide for salary expectations, but be aware that responsibilities can change across companies for the same job title, so there may be differences between this data, other free site and our subscription products bought by employers.

Employers: This data could be used as reference point in your market pricing, but not the only source, due to differences across jobs locations, and sizes of companies.Consider additional sources like our Employer reported data.

Base Salary
$65,412
$75,035
Medium
$85,455

Highest Paying Cities for Revenue Cycle Management in Illinois

Here are the top eight that pay the highest Revenue Cycle Management salary in IL. Due to the cost of living in different locations, the Revenue Cycle Management salary will also be different. Chicago with the highest wage for the Revenue Cycle Management in Illinois has a high living wage too. Explore more salary information by clicking the city name.

States with Higher Salaries for Revenue Cycle Management

Revenue Cycle Management works in Illinois will receive the highest salary in the United States, followed by California, New Jersey. These states have more job opportunities than other places. At the same time, the competition will be fiercer too. People need to improve their competitiveness to get a job in these cities.

How Much Do Similar Professions Get Paid in Illinois?

The Revenue Cycle Management jobs have a lot of different directions. And, the job title can also be quite different from in diverse companies. Some job titles may not include the Revenue Cycle Management, while they have the Revenue Cycle Management responsibilities. So, here are some similar jobs and their salaries. Click the link which you are interested in to explore more data.
Director Of Revenue Cycle Management
Average salary
United States
$306,984
per Year
Healthcare Revenue Cycle Management Manager
Average salary
United States
$109,600
per Year
Healthcare Revenue Cycle Management Director
Average salary
United States
$160,200
per Year
Healthcare Revenue Cycle Analyst
Average salary
United States
$73,700
per Year
Vice President Revenue Cycle Management
Average salary
United States
$247,751
per Year
Healthcare Revenue Cycle Optimization Director
Average salary
United States
$160,150
per Year

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What Does a Revenue Cycle Management Do?

The ability for revenue management to optimize price based on forecasted demand, price elasticity and competitive rates has incredible benefits, and many companies are rushing to develop their own revenue management capabilities.

December 21, 2021

Revenue management requires that a firm must continually re-evaluate their prices, products, and processes in order to maximize revenue.

December 19, 2021

The revenue cycle includes all the administrative and clinical functions that contribute to the capture, management and collection of patient service revenue, according to the Healthcare Financial Management Association (HFMA).

December 18, 2021

Feedback should be provided to the responsible revenue cycle departments if any of them were the cause of the denial, especially with denial types such as medical necessity, registration/clerical entry errors, etc.

December 07, 2021

Marriott's original application of revenue management was limited to individual bookings, not groups or other negotiated deals.

December 17, 2021

Since "yield" was an airline term and did not necessarily pertain to hotels, Marriott International and others began calling the practice Revenue Management.

December 16, 2021

Most Common Benefits for Revenue Cycle Management

Social Security
Healthcare
401(k)
Pension
Disability
Time Off (days)

Frequently Asked Questions

Common questions about salaries for a Revenue Cycle Management
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The ability for revenue management to optimize price based on forecasted demand, price elasticity and competitive rates has incredible benefits, and many companies are rushing to develop their own revenue management capabilities.
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Bedford Park pays the highest Revenue Cycle Management wage. Get personal salary report to explore more salary information in different cities.
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The Revenue Cycle Management salary range is $65,412 to $85,455 in IL.
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