Reimbursement Specialist Salary

Women make up the vast majority of Reimbursement Specialists in the United States. The average pay in this industry is approximately $17.03 per hour. Location and experience level each impact pay for this group, with the former having the largest influence. The majority of workers are highly satisfied with their job. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. The data in this summary comes from the PayScale salary survey.

$30,846 - $76,597

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$13.01 - $21.99

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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$26K$52K$78K
Salary
$30,846 - $76,597  
   
Bonus
$0.00 - $2,517  
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).
)
$28,327 - $58,711  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 107
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$12$24$36
Hourly Rate
$13.01 - $21.99  
   
Overtime
$5.51 - $33.74  
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$24K$48K$72K
Bonus
$0.00 - $2,517  
   
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).
)
$28,327 - $58,711  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 216
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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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As Reimbursement Specialists make advancements in their career path, their salaries may not change right away. For example, the higher-level Medical Reimbursement Specialist position pays around the same amount as the Reimbursement Specialist job on average.

Reimbursement Specialist Job Listings

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Popular Skills for Reimbursement Specialist


Survey results imply that Reimbursement Specialists put a diverse skill set to use. Most notably, skills in Insurance, Claim Handling, Knowledge of Medicaid & Medicare, and Medical Coding are correlated to pay that is above average. Skills that seem to negatively impact pay include Accounts Receivable, Customer Service, and Billing. The majority of those who know Medicaid & Medicare Billing also know Collections and Insurance.

Pay by Experience Level for Reimbursement Specialist

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


More years of relevant experience do not necessarily translate to higher paychecks. Relatively untried employees who have fewer than five years of experience earn around $35K on average. People who have worked for five to 10 years can expect a higher median salary of $38K. Reimbursement Specialists claiming one to two decades of experience make an estimated median of $41K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $44K.

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Experience Affects Reimbursement Specialist Salaries

Late-Career
up arrow 17%

Experienced
up arrow 10%

Mid-Career
up arrow 1%

National Average
$38,000

Entry-Level
up arrow 7%

Skills That Affect Reimbursement Specialist Salaries

Insurance
up arrow 9%

Claim Handling
up arrow 4%

Knowledge of Medicaid & Medicare
up arrow 2%

Medical Coding
0%

Collections
0%

National Average
$38,000

Medicaid & Medicare Billing
up arrow 2%

Billing
up arrow 8%

Customer Service
up arrow 14%

Accounts Receivable
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 58 votes.

Gender

Female
91 %
Male
9 %

Years of Experience

Less than 1 year
3%
1-4 years
29%
5-9 years
28%
10-19 years
30%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 78%
vision benefits Vision: 63% employee benefits None: 9%
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