Reimbursement Specialist Salary

Most Reimbursement Specialists in the United States are women. The workforce as a whole earns a median of approximately $17.04 per hour. The most important factor affecting compensation for this group is the specific employer, followed by the particular city and tenure. A fair number claim medical and dental insurance and more than half get vision coverage. For the most part, Reimbursement Specialists enjoy their work and report high levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.

$35,988 - $97,395
$36K
$47K
$97K
MEDIAN: $47,073
10%
50%
90%

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$14.15 - $24.16
$14
$17
$24
MEDIAN: $17.04
10%
50%
90%

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$0$97K
Salary $35,988 - $97,395
Bonus $337.50 - $15,900
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,007 - $60,373
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 79
Hourly Data $0$41
Hourly Rate $14.15 - $24.16
Overtime $19.25 - $41.69
Annual Data $0$60K
Bonus $337.50 - $15,900
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,007 - $60,373
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 236

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Reimbursement Specialist

Reimbursement specialists work within the billing departments of medical or insurance companies to oversee reimbursement and collections for patients' treatment expenses. They may work for a doctors' office, clinic, hospital, or insurance company. Reimbursement specialists also keep track of accounts receivable and billing invoices while communicating with individuals or insurance companies to obtain reimbursement.

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Reimbursement Specialist Tasks

  • Ensure services are in compliance with professional standards, state and federal regulatory requirements.
  • Identify, compile, abstract and code patient accounts, verify with physician in order to expediate the bill for payment to the insurance provider.
  • Research denials from insurance providers in order to maximize reimbursement.

Common Career Paths for Reimbursement Specialist


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Reimbursement Specialists who transition into an upper level Medical Reimbursement Specialist position will not necessarily make much more than they do in their current role. The average Medical Reimbursement Specialist makes $36K a year.

Reimbursement Specialist Job Listings

Popular Employer Salaries for Reimbursement Specialist


For Reimbursement Specialists, comfortable salaries can be found at AmerisourceBergen Corp.; in fact, median earnings sit around $58K, the highest in the area.

Popular Skills for Reimbursement Specialist


Reimbursement Specialists report using a deep pool of skills on the job. Most notably, skills in Microsoft Excel, Knowledge of Medicaid & Medicare, Insurance, and Medical Terminology are correlated to pay that is above average, with boosts between 3 percent and 15 percent. Skills that pay less than market rate include Accounts Receivable and Billing. For most people, competency in Medicaid & Medicare Billing indicates knowledge of Collections and Insurance.

Pay by Experience Level for Reimbursement Specialist

Pay by Experience for a Reimbursement Specialist has a positive trend. An entry-level Reimbursement Specialist with less than 5 years of experience can expect to earn an average total compensation of $35,000 based on 133 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Reimbursement Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $37,000 based on 99 salaries. An experienced Reimbursement Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $41,000 based on 104 salaries. A Reimbursement Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $43,000 based on 35 salaries.

Pay Difference by Location

National Average: $37,786

Larger city markers indicate a job is popular in that location.

For Reimbursement Specialists, working in the bustling city of Chicago has its advantages, including an above-average pay rate. Reimbursement Specialists will also find cushy salaries in Atlanta (+28 percent), Dallas (+25 percent), Cleveland (+11 percent), and Houston (+4 percent). Falling short of the national average by 17 percent, the area with the worst salaries is St. Louis.

Reimbursement Specialist Reviews

Q: What is it like working as a Reimbursement Specialist?

Reimbursement Specialist in St. Louis:
"Reimbursement World."
Pros: I like the challenge of having to fight and advocate for patients DME benefits to be covered at the in-network benefit level. It's rewarding to see that a prior authorization is approved for certain DME that patients receive through an out-of-network provider.
Cons: The leghnthy process to obtain a prior authorization for DME to be covered through a patient's insurance.

Related Job Salaries

Key Stats for Reimbursement Specialist

Gender

Female
91 %
Male
9 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 57 votes.
Less than 1 year
3%
1-4 years
32%
5-9 years
24%
10-19 years
29%
20 years or more
11%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Reimbursement Specialist Salaries

▲15%

▲9%

National Average
$38,000

▼1%

▼8%

Skills That Affect Reimbursement Specialist Salaries

Microsoft Excel
▲15%

Knowledge of Medicaid & Medicare
▲5%

▲3%

Medical Terminology
▲3%

Claim Handling
▲1%

Medicaid & Medicare Billing
▼0%

Customer Service
▼0%

National Average
$38,000



▼2%

▼4%

Accounts Receivable
▼18%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 57 votes.

Gender

Female
91 %
Male
9 %

Years of Experience

Less than 1 year
3%
1-4 years
32%
5-9 years
24%
10-19 years
29%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 75%
vision benefits
Vision: 68%
no benefits
None: 16%
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