How much does a Business Office Director - Healthcare make in Richmond, KY? The average Business Office Director - Healthcare salary in Richmond, KY is $142,797 as of February 26, 2024, but the range typically falls between $121,132 and $173,197. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Business Office Director - Healthcare Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Business Office Director - Healthcare Salary $101,408 Richmond,KY February 26, 2024
25th Percentile Business Office Director - Healthcare Salary $121,132 Richmond,KY February 26, 2024
50th Percentile Business Office Director - Healthcare Salary $142,797 Richmond,KY February 26, 2024
75th Percentile Business Office Director - Healthcare Salary $173,197 Richmond,KY February 26, 2024
90th Percentile Business Office Director - Healthcare Salary $200,874 Richmond,KY February 26, 2024
25% $121,132 10% $101,408 90% $200,874 75% $173,197 $142,797 50%(Median) Didn’t find job title? Click
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Check out Business Office Director - Healthcare jobs in Richmond, Kentucky

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What skills does a Business Office Director - Healthcare need?

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.

Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.

2.

Bookkeeping: Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process. Bookkeeping is the work of a bookkeeper (or book-keeper), who records the day-to-day financial transactions of a business. They usually write the daybooks (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct daybook—that is, petty cash book, suppliers ledger, customer ledger, etc.—and the general ledger. Thereafter, an accountant can create financial reports from the information recorded by the bookkeeper.

3.

General Ledger: Creating and keeping track of business transactions and activities to monitor financial operations.

Leadership 0.72%
Bookkeeping 0.86%
General Ledger 0.41%
Others 98.01%

Job Description for Business Office Director - Healthcare

Business Office Director - Healthcare directs the day to day activities of a hospital's business office. Responsible for admitting and registration, patient billing and collection, third-party payer relations, and preparation of insurance claims. Being a Business Office Director - Healthcare administers policies and procedures and ensures all office activities comply with hospital standards and government regulations. Ensures that patient financial matters are handled in an efficient manner. Additionally, Business Office Director - Healthcare requires a bachelor's degree. Typically reports to top management. The Business Office Director - Healthcare manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be a Business Office Director - Healthcare typically requires 5+ years of managerial experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Business Office Director - Healthcare in Richmond, KY

Career Path for Business Office Director - Healthcare

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Business Office Director - Healthcare, the first career path typically progresses to Top Business Office Executive - Healthcare.

Those that have already made the climb...
Mital Patel, Executive Vice President of Financial Planning and Analysis and Chief Administrative Officer
RadNet, Inc., together with its subsidiaries, provides outpatient diagnostic imaging services in the United States. The company operates in two segments: Imaging Centers and Artificial Intelligence. Its services include magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mam... More
Fiscal Year Ended in 2022
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Business Office Director - Healthcare salary varies from city to city. Compared with national average salary of Business Office Director - Healthcare, the highest Business Office Director - Healthcare salary is in San Francisco, CA, where the Business Office Director - Healthcare salary is 25.0% above. The lowest Business Office Director - Healthcare salary is in Miami, FL, where the Business Office Director - Healthcare salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Business Office Director - Healthcare, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
121132
173197
142797

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
127491
181436
150084
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Business Office Director - Healthcare in Richmond, KY. The base salary for Business Office Director - Healthcare ranges from $121,132 to $173,197 with the average base salary of $142,797. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $127,491 to $181,436 with the average total cash compensation of $150,084.
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

121132
173197

 

Step 3 of 3

How much should you be paid?

About Richmond, Kentucky    Richmond is a home rule-class city in and the county seat of Madison County, Kentucky, United States. It is named after Richmond, Virginia, and is the....More

Richmond, Kentucky  area prices were up 1.2% from a year ago    View the Cost of Living in Richmond, Kentucky

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