Refund Specialist Salary
For Refund Specialists, hourly average wages total $14.91 per hour. While some workers in this profession — nearly one in four — do not have any health coverage, the larger part do receive medical benefits and the greater part have dental insurance. Job satisfaction is high and work is enjoyable for most Refund Specialists. There are far more female Refund Specialists who answered the questionnaire than men, making up 89 percent. This report is based on responses to the PayScale salary survey.
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
- 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.
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Key Stats for Refund Specialist
Rated 5 out of 5
based on 4 votes.