Medical Reimbursement Specialist Salary
Earnings for Medical Reimbursement Specialists in the United States come in at around $15.95 per hour on average. Career duration and the particular city each impact pay for this group, with the former having the largest influence. The vast majority (85 percent) of Medical Reimbursement Specialists who took the survey are female. The majority of workers are highly satisfied with their job. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a strong majority. This report is based on answers to PayScale's salary questionnaire.
Job Description for Medical Reimbursement Specialist
Medical reimbursement specialists are medical billing professionals who work alongside healthcare providers to assist customers in scheduling and processing payments and insurance. Important skills include the ability to use a computer to perform administrative duties and communication skills to interact with patients, and these specialists must also be well-versed in medicaid and commercial insurance policies and able to plan their own work-days for maximum efficiency.Read More...
Workplaces include private doctors' offices, hospitals, and emergency centers, as these specialists typically work in an administrative setting at the entrance of the medical facility. They generally work with other specialists and usually report directly to a doctor or to senior administrative personnel. Their clients will include patients of all ages and types of health conditions.
National certification is provided by the American Medical Billing Association which requires applicants to pass an exam that covers terminology, anatomy, information technology, insurance, and more; however, this is not always a strict requirement. Some medical reimbursement positions focus solely on cash recovery and account collections.
Medical reimbursement specialists work during regular business hours, but may also be required to work late nights or weekends depending on their office's hours. Typically, much of their day is spent at a desk and computer entering information, receiving patients, and making phone calls; other tasks include changing printer paper and ink, responding to e-mails, and handling cash payments.
Medical Reimbursement Specialist Tasks
- Maintain and analyze data about patient cases requiring reimbursement support.
- Work with treatment providers and insurance companies to obtain payment authorizations.
- 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.
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Pay by Experience Level for Medical Reimbursement Specialist
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Medical Reimbursement Specialists, more experience in the field does not usually mean bigger paychecks. Those who have worked for fewer than five years take home a median salary of $33K, and workers with five to 10 years of experience earn a higher $36K on average. The average pay reported by folks with 10 to 20 years of experience is around $38K. After two decades in the workforce, the average Medical Reimbursement Specialist generally earns more than ever; median pay for this group is estimated at $44K.