Director of Reimbursement Salary
Directors of Reimbursement who are practiced in their profession and carry more than 10 years of experience make up just under nine-tenths of Directors of Reimbursement. Pay fluctuates from $60K to $166K per year, but expected earnings average $95K annually. Location is the biggest factor affecting pay for this group, followed by years of experience. Medical benefits are awarded to most, and a strong majority earn dental coverage. Most Directors of Reimbursement survey respondents are women (78 percent). Most workers in this position report high levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.
|Salary||$59,047 - $154,056|
|Bonus||$974 - $32,779|
|Total Pay (||$60,482 - $166,254|
Job Description for Director of Reimbursement
Directors of reimbursement are responsible for coordinating all reimbursement tasks for their organizations, as well as reviewing documents, maintaining financial information, and analyzing reimbursement options. Strong interpersonal skills are important in this position to lead and motivate groups of staff members, and they also communicate with financial managers and accountants to share information regarding reimbursement statuses.Read More...
Directors of reimbursement participate in company meetings to suggest new ways to improve reimbursement processes and use a personal computer to review reports, create budgets, analyze applications, and communicate with clients. They may create presentations and present their findings and progress to executives within the organization and typically work in an office setting during regular business hours. They must follow strict financial regulations and pay close attention to detail to minimize paperwork errors, and they may also manage and track checks, verify auditing risks, conduct research opportunities, and review revenue streams and cash-flows. They should work well with other managers to achieve goals in a timely manner, and they also sign contracts after negotiations and use spreadsheet software to run risk calculations. They also assist government agencies with compliance requests and other regulations.
A bachelor's degree in accounting, business administration, or a related field is generally required for this position, and prior experience in the field is highly beneficial. Industry certifications are also helpful.
Director of Reimbursement Tasks
- Develop and implement reimbursement strategy for the organization.
- Direct efforts to create and disseminate educational materials on coding and billing guides.
- Prepare and Analyze cost reports to maximize revenues.
- Oversee reimbursment departmental staff operations including business planning and budget development.
Pay by Experience Level for Director of Reimbursement
Pay by Experience for a Director of Reimbursement has a positive trend. An entry-level Director of Reimbursement with less than 5 years of experience can expect to earn an average total compensation of $88,000 based on 7 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Director of Reimbursement with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $87,000 based on 12 salaries. An experienced Director of Reimbursement which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $97,000 based on 65 salaries. A Director of Reimbursement with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $114,000 based on 43 salaries.
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Key Stats for Director of Reimbursement
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