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Reimbursement Specialist Salary

Women make up the vast majority of Reimbursement Specialists in the United States. The average pay in this industry is approximately $16.64 per hour. Career length and the particular city each impact pay for this group, with the former having the largest influence. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the larger part. Job satisfaction is high and work is enjoyable for most Reimbursement Specialists. Participants in PayScale's salary questionnaire provided the particulars of this report.

$30,088 - $76,762
(Median)
$30K
$43K
$77K
MEDIAN: $43,213
10%
50%
90%

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$12.45 - $21.57
(Median)
$12
$17
$22
MEDIAN: $16.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$26K$52K$78K
Salary
$30,088 - $76,762  
   
Bonus
$0.00 - $2,047  
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).
)
$27,285 - $59,862  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 98
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$11$22$33
Hourly Rate
$12.45 - $21.57  
   
Overtime
$5.45 - $32.73  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$22K$44K$66K
Bonus
$0.00 - $2,047  
   
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).
)
$27,285 - $59,862  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 178

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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

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

Common Career Paths for Reimbursement Specialist


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Reimbursement Specialists sometimes move into a Medical Reimbursement Specialist role, where the salary is similar.

Reimbursement Specialist Job Listings

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Popular Skills for Reimbursement Specialist


Reimbursement Specialists seem to require a number of specific skills. Most notably, skills in Claim Handling, Knowledge of Medicaid & Medicare, Insurance, and Medical Coding are correlated to pay that is above average, with boosts between 5 percent and 12 percent. Skills that pay less than market rate include Medicaid & Medicare Billing. Most people familiar with Medicaid & Medicare Billing also know Insurance.

Pay by Experience Level for Reimbursement Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Reimbursement Specialists with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Although individuals who have less than five years' experience earn $35K on average, people with five to 10 years benefit from a notably larger average of $38K. Reimbursement Specialists who work for 10 to 20 years in their occupation tend to earn about $41K. People who have worked for more than 20 years report a median income of $44K, which is barely higher than the median for folks with 10 to 20 years of experience.

Related Job Salaries

United States (change)

Experience Affects Reimbursement Specialist Salaries

Late-Career
up arrow 18%

Experienced
up arrow 11%

Mid-Career
up arrow 3%

National Average
$37,000

Entry-Level
up arrow 7%

Skills That Affect Reimbursement Specialist Salaries

Claim Handling
up arrow 12%

Knowledge of Medicaid & Medicare
up arrow 6%

Insurance
up arrow 5%

Medical Coding
0%

National Average
$37,000

Collections
up arrow 1%

Medicaid & Medicare Billing
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 56 votes.

Gender

Female
91 %
Male
9 %

Years of Experience

Less than 1 year
2%
1-4 years
31%
5-9 years
26%
10-19 years
30%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 77%
vision benefits Vision: 62% employee benefits None: 10%