Medical Reimbursement Coordinator Salary
Job Description for Medical Reimbursement Coordinator
Medical reimbursement coordinators ensure that patients are accurately charged for medical services. They work on computers using company specified software to work out exactly how much should be billed to patients, insurance companies, and other parties. Some tools used by medical reimbursement coordinators would include computers, tablets, printers, and multi-lined phones. The job of a medical reimbursement coordinator is more mentally challenging than physical. They have to make sure that the correct party is charged the right amount to maximize their employers income but also ensure that insurance companies and patients are paying their fair share. Work for medical reimbursement coordinators is done indoors. They are employed by various medical facilities. Some of those include hospital, clinics, nursing homes, and rehabilitation centers. They may have their own desk where they work on a computer assigned to them or share office space with fellow medical reimbursement coordinators. The medical reimbursement coordinators interact with staff at the medical facilities that they are employed at to verify service performed for patients. They also interact with insurance companies to see what services are covered and how much they will pay. The other party that the medical reimbursement coordinators work with in the patient. The bill the patient the balance that is left for them to pay and answer questions accordingly. Educational requirements for a medical reimbursement coordinator is a high school diploma at the minimum but some employers may require more. They are usually trained on specific software used by their employer on the job. The must come with basic computer knowledge and use of Microsoft Office software. Dress for medical reimbursement coordinators is business casual or scrubs depending on the employer.
Medical Reimbursement Coordinator Tasks
- Serve as a patient advocate to identify reimbursement coverage options or identify reimbursement options for non-insured patients.
- Record and monitor insurance authorizations to ensure payment compliance and treatment continuity.
- Maintain and analyze data about patient cases requiring reimbursement support.
- Work with treatment providers and insurance companies to obtain payment authorizations.
Medical Reimbursement Coordinator Job Listings
Search for more jobs:
Pay by Experience Level for Medical Reimbursement Coordinator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
The average beginner in this position makes around $36K, but folks who have been around for five to 10 years see a markedly higher median salary of $56K. On average, Medical Reimbursement Coordinators make $42K following one to two decades on the job. Old hands who claim more than two decades on the job enjoy average earnings of $55K.
Key Stats for Medical Reimbursement Coordinator