Reimbursement Specialist Salary

Women make up the vast majority of Reimbursement Specialists in the United States. The average pay in this industry is approximately $17.25 per hour. The specific employer is the biggest factor affecting pay for this group, followed by geography and experience level. The majority of workers are highly satisfied with their job. Most receive medical and dental insurance and a strong majority get vision plans. This report is based on answers to PayScale's salary questionnaire.

$35,635 - $94,630
$36K
$46K
$95K
MEDIAN: $45,782
10%
50%
90%

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$14.18 - $24.36
$14
$17
$24
MEDIAN: $17.25
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$32K$64K$96K
Salary
$35,635 - $94,630  
   
Bonus
$372.48 - $5,069  
Profit Sharing
$850  
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).
)
$30,051 - $59,032  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 78
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$14.18 - $24.36  
   
Overtime
$20.85 - $40.90  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$372.48 - $5,069  
   
Profit Sharing
$850  
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).
)
$30,051 - $59,032  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 228

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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For Reimbursement Specialists, career advancements do not tend to correlate with a rise in salary. On average, lower-level Reimbursement Specialists earn similar salaries to those in higher-end positions like Medical Reimbursement Specialist.

Reimbursement Specialist Job Listings

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Popular Employer Salaries for Reimbursement Specialist


The biggest paychecks can be found at AmerisourceBergen Corp. — the median salary there is $58K.

Popular Skills for Reimbursement Specialist


Reimbursement Specialists seem to exploit a large range 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 are correlated to lower pay, on the other hand, include Accounts Receivable and Billing. Most people skilled in Medicaid & Medicare Billing are similarly competent in 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: $37,838

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

For Reimbursement Specialists, busy Chicago offers a higher-than-average pay rate, 42 percent above the national average. Reimbursement Specialists can also look forward to large paychecks in cities like Atlanta (+28 percent), Dallas (+25 percent), Cleveland (+11 percent), and Houston (+4 percent). St. Louis is home to the smallest salaries in the field, lagging the national average by 17 percent.

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

Extremely satisfied
Rated 5 out of 5
based on 52 votes.
Less than 1 year
3%
1-4 years
31%
5-9 years
25%
10-19 years
29%
20 years or more
11%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Reimbursement Specialist Salaries

▲15%

▲9%

National Average
$38,000

▼2%

▼8%

Skills That Affect Reimbursement Specialist Salaries

Microsoft Excel
▲15%

Knowledge of Medicaid & Medicare
▲5%

▲3%

Medical Terminology
▲2%

Medicaid & Medicare Billing
▼0%

Customer Service
▼0%

Claim Handling
▼0%

National Average
$38,000



▼2%

▼5%

Accounts Receivable
▼18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 52 votes.

Gender

Female
91 %
Male
9 %

Years of Experience

Less than 1 year
3%
1-4 years
31%
5-9 years
25%
10-19 years
29%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 81%
dental benefits
Dental: 78%
vision benefits
Vision: 71%
no benefits
None: 14%