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Reimbursement Specialist Salary

An average Reimbursement Specialist in the United States can expect to take home roughly $16.52 per hour. Job satisfaction for Reimbursement Specialists is high. Reimbursement Specialists who responded to the questionnaire are largely women, dominating at 90 percent. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. This report is based on responses to the PayScale salary survey.
$29,767 - $77,669
(Median)
30K
44K
60K
78K
MEDIAN: $44,034
10%
50%
75%
90%

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$12.25 - $21.01
(Median)
12
14
17
19
21
MEDIAN: $16.00
10%
25%
50%
75%
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
$29,767 - $77,669  
   
Bonus
$0.00 - $2,750  
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).
)
$27,097 - $60,058  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 92
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
$12.25 - $21.01  
   
Overtime
$5.40 - $32.21  
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 - $2,750  
   
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).
)
$27,097 - $60,058  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 163
United States (change)

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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As Reimbursement Specialists transition into upper-level roles, like Medical Reimbursement Specialists, they often do not see a change in salary. Medical Reimbursement Specialists earn the same amount as Reimbursement Specialists on average.

Reimbursement Specialist Job Listings

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Popular Skills for Reimbursement Specialist


Reimbursement Specialists report using a diverse set of skills on the job. Most notably, skills in Claim Handling, Knowledge of Medicaid & Medicare, Collections, and Medical Coding are correlated to pay that is above average. At the other end of the pay range are skills like Medicaid & Medicare Billing. It is often found that people who know Medicaid & Medicare Billing are also skilled in Insurance.

Pay by Experience Level for Reimbursement Specialist

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


For Reimbursement Specialists, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. 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 see a median salary of $41K after reaching one to two decades on the job. After two decades in the workforce, the average Reimbursement Specialist generally earns more than ever; median pay for this group is estimated at $44K.

Related Job Salaries

Experience Affects Reimbursement Specialist Salaries

Late-Career
up arrow 19%

Experienced
up arrow 10%

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%

Medical Coding
0%

Collections
0%

National Average
$37,000

Insurance
up arrow 2%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 54 votes.

Gender

Female
90 %
Male
10 %

Years of Experience

Less than 1 year
3%
1-4 years
31%
5-9 years
27%
10-19 years
29%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 77%
vision benefits Vision: 60% employee benefits None: 9%