Refund Specialist Salary
The average Refund Specialist in the United States can expect to rake in roughly $14.79 per hour. There are far more female Refund Specialists who answered the questionnaire than men, making up 84 percent. Work is enjoyable for Refund Specialists, who typically claim high levels of job satisfaction. Although a strong majority have medical coverage and a majority have dental coverage, slightly less than a fourth claim no health benefits at all. The data in this summary comes from the PayScale salary survey.
|Hourly Rate||$11.98 - $20.48|
|Overtime||$15.21 - $30.86|
|Total Pay (||$25,138 - $45,923|
Job Description for Refund Specialist
Refund specialists typically work in a health care setting or for a corporation and are tasked with researching and processing refunds for patients, physicians, and health care providers. They also answer any payment-related questions patients may have, provide written responses to insurance agencies regarding billing information, and ensure the accurate completion of patients' documentation, and they must always stay up-to-date with HIPPA regulations. They must also be able to work with a wide range of people.Read More...
A high school diploma and several years of prior experience in a health care or billing setting are generally required for this position, and some positions also require a college degree. Long hours may be necessary depending on the employer, and this position may also require knowledge of EOB and mathematical concepts, which are learned through years of training and experience.
Refund 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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Key Stats for Refund Specialist
Rated 4 out of 5
based on 10 votes.