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Medical Finance information

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$25K

$92.6K

$135.5K

How much do medical finance jobs pay per year?

As of Jun 11, 2026, the average yearly pay for medical finance in the United States is $92,631.00, according to ZipRecruiter salary data. Most workers in this role earn between $75,000.00 and $109,000.00 per year, depending on experience, location, and employer.

What is the highest paid medical trade?

In medical trades, specialized roles such as surgical technologists, radiologic technologists, and dental hygienists tend to have higher salaries compared to other trades. Advanced certifications, experience, and working in urban or private healthcare settings can increase earning potential for these professionals.

Is healthcare finance a good career?

Medical finance is a stable career that involves managing billing, coding, and reimbursement processes in healthcare organizations. It requires knowledge of healthcare regulations, financial analysis, and often certification, making it a valuable field for those interested in healthcare and finance. Job prospects are generally strong due to the ongoing demand for healthcare services and financial management expertise.

What are the key skills and qualifications needed to thrive in Medical Finance, and why are they important?

To thrive in Medical Finance, you need a strong background in accounting, healthcare regulations, and financial analysis, often supported by a degree in finance, accounting, or healthcare administration. Familiarity with medical billing software, electronic health records (EHR) systems, and compliance standards like HIPAA is typically required. Attention to detail, analytical thinking, and strong communication skills are crucial soft skills for excelling in this role. These competencies ensure accurate financial management, regulatory compliance, and effective collaboration with clinical and administrative teams in healthcare organizations.

What is medical finance?

Medical finance refers to the management of financial operations within healthcare organizations, such as hospitals, clinics, and private practices. Professionals in this field handle budgeting, billing, insurance claims, revenue cycle management, and financial planning to ensure the efficient use of resources and compliance with healthcare regulations. Their work helps healthcare providers maintain financial stability while delivering quality patient care.

What are some common challenges faced by professionals working in medical finance, and how can they be managed?

Professionals in medical finance often encounter challenges such as navigating complex healthcare regulations, managing frequent changes in insurance policies, and ensuring compliance with billing and coding standards. Balancing regulatory requirements with the financial goals of healthcare organizations can be demanding, particularly when dealing with evolving reimbursement models. Staying current with industry updates, leveraging healthcare-specific financial software, and maintaining strong communication with clinical and administrative teams can help effectively manage these challenges.

What is the difference between Medical Finance vs Medical Billing?

AspectMedical FinanceMedical Billing
CredentialsFinance or accounting certifications, healthcare finance knowledgeMedical coding and billing certifications, CPC or equivalent
Work EnvironmentHospitals, clinics, healthcare organizations, finance departmentsMedical offices, billing companies, healthcare providers
Employer & Industry UsageFinance departments within healthcare settingsMedical practices and billing service providers

Medical Finance focuses on managing healthcare organizations' financial operations, budgeting, and financial planning. Medical Billing involves processing patient invoices, coding services, and ensuring accurate billing for healthcare providers. While both roles are essential in healthcare finance, Medical Finance emphasizes financial strategy and management, whereas Medical Billing concentrates on billing and coding tasks.

What is finance in the medical field?

In medical finance, professionals manage the budgeting, billing, and reimbursement processes for healthcare providers and institutions. They analyze costs, ensure compliance with insurance policies, and often use financial software to optimize revenue cycle management. Strong understanding of healthcare regulations and financial skills are essential for this role.

What are the 4 C's of healthcare finance?

The 4 C's of healthcare finance are Cost, Cash flow, Capital, and Credit. These principles help medical finance professionals manage budgets, funding, and financial planning within healthcare organizations. Understanding these areas is essential for effective financial management in medical settings.
More about Medical Finance jobs
What cities are hiring for Medical Finance jobs? Cities with the most Medical Finance job openings:
What states have the most Medical Finance jobs? States with the most job openings for Medical Finance jobs include:
Medical Finance Support Specialist-Part Time

Medical Finance Support Specialist-Part Time

Williamson Medical Center

Franklin, TN • On-site

Part-time

Medical, Dental, Vision, Retirement, PTO

Posted 26 days ago


Williamson Health rating

7.0

Company rating: 7.0 out of 10

Based on 23 frontline employees who took The Breakroom Quiz


Job description

ABOUT WILLIAMSON HEALTH | Williamson Health is a regional healthcare system based in Williamson County, Tennessee, with more than 2,300 employees across more than 30 locations and more than 860 physicians and advanced care practitioners offering exceptional healthcare across 60-plus specialties and subspecialties close to home. The flagship facility, Williamson Medical Center, which recently opened its new Boyer-Bryan West Tower, offers extensive women’s services, state-of-the-art cardiology services, advanced surgical technologies, an award-winning obstetrics and NICU, leading-edge orthopaedics, outpatient imaging services, and distinct comprehensive emergency and inpatient services for both adult and pediatric patients. Other Williamson Health service providers include the Bone and Joint Institute of Tennessee, The Turner-Dugas Breast Health Center, Monroe Carell Jr. Children’s Hospital Vanderbilt at Williamson Medical Center, Williamson Health physician practices that are strategically located throughout the community, countywide Emergency Medical Services that include 18 rapid response units, Williamson Health Foundation, and multiple joint venture Vanderbilt Health and Williamson Medical Center Walk-In Clinics in Williamson County. Learn more about our many specialized services at WilliamsonHealth.org.

Williamson Health is a system where your talents will be valued and your skillset expanded. We are rooted in our promise to world-class, compassionate care for the residents of Williamson County and surrounding communities, taking exceptional pride in serving our community. We’re committed to empowering our employees to work in innovative ways and reserve time and space for curiosity, laughter and creativity. We value and support the diversity and cultural differences among one another and are committed to upholding an inclusive environment that appreciates the uniqueness of all individuals. Our values are at the heart of everything we do: respect for every individual, the health and total well-being of all people, human compassion and integrity. These shape who we are as an organization and are essential for delivering the highest level of culturally competent care and treatment of every patient, family member, visitor, physician and employee.

Williamson Health is pleased to offer a comprehensive benefits program, that offers you choice and flexibility, so you can take charge of your physical, financial, and emotional well-being. 
o    Medical, Dental, Vision
o    PTO
o    Retirement Matching
o    Tuition reimbursement
o    Discount programs
o    FSA (Flexible Spending Accounts)
o    Identity Theft Protection
o    Legal Aid

Williamson Health is an equal-opportunity employer and a drug-free workplace.
 

Position Summary:
The role of the Revenue Cycle Support Specialist is to maximize workflow efficiency in the Bone & Joint Institute Business Office by assisting with incoming calls, claim follow up and minor aspects of revenue cycle.  Assisting with charge entry as needed when adequately trained.

Position Requirements:
Formal Education / Training:
Must be a high school graduate or equivalent, have PC and calculator experience, and have good communication skills to discuss account financials with patients

Workplace Experience:
Prior experience in a medical office setting with a moderate knowledge of the revenue cycle. Must have good customer service and intra-personal skills. Job requires close attention to detail

Equipment and Skills Training:
Athena Health EHR system, Allscripts EHR systems, and Phreesia for patient intake and payments

Physical Environment:
Business Office

Physical Effort:
Requires sitting for prolonged periods of time, and viewing the computer screen. Must have a clear, understandable telephone voice.

Key Results:
Assist phone patients with basic account information or request, i.e., account balance, itemized bills, insurance verification. May include, but not limited to forwarding incoming calls to appropriate staff member or Financial Counselor as needed.
Work assigned claims worklist (bucket) in an accurate and timely manner.
Utilize EMR to document all information discussed with each patient encounter.
Competently understand and work the EMR and billing systems in order to be able to assist with charge entry for E/M charges after proper training, as needed.
Participate in scheduled Power-Hour and Business Office Touchpoint meetings by self-reporting current state.
Utilize the EMR software workstation to scan source documentation.
Available to provide support to indirect team members who have additional billing/business office questions. 
Help with facilitation of claim follow-up with payers and help to resolve/proactively avoid claim rejections and denials (i.e. daily verifying authorizations prior to service date. 
Collect accurate patient payments and set up payment plans as needed in designated EMR systems.
Maintains open line of communication with all staff members; interacts with staff/patients in a professional and constructive manner regarding all business office needs.
Reports concerns requiring attention to manager or director.  Employee is a problems solver that brings possible solutions when presenting concerns or problems.
Participates in departmental meetings/huddles/etc. and recommends improvement opportunities.  Performs other duties as assigned by manager and independently seeks out job duties during down time.


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