Reimbursement Specialist Salary

Reimbursement Specialists in the United States are largely female. The average salary of the entire group is approximately $17.06 per hour. Residence is the biggest factor affecting pay for this group, followed by experience level. The majority of Reimbursement Specialists claim high levels of job satisfaction. Medical benefits are awarded to most, and a strong majority earn dental coverage. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$30,745 - $77,054
(Median)
$31K
$43K
$77K
MEDIAN: $42,854
10%
50%
90%

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$12.96 - $21.95
(Median)
$13
$17
$22
MEDIAN: $17.00
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
$30,745 - $77,054  
   
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).
)
$28,234 - $58,607  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 105
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$12$24$36
Hourly Rate
$12.96 - $21.95  
   
Overtime
$5.48 - $33.25  
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$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).
)
$28,234 - $58,607  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 210
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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' salaries tend to stay somewhat constant even when they advance into higher-level positions like Medical Reimbursement Specialist. On average, Medical Reimbursement Specialists get paid about the same as Reimbursement Specialists do.

Reimbursement Specialist Job Listings

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Popular Skills for Reimbursement Specialist


Reimbursement Specialists report using a pretty varied skill set on the job. Most notably, skills in Claim Handling, Insurance, Knowledge of Medicaid & Medicare, and Medical Coding are correlated to pay that is above average. At the other end of the pay range are skills like Accounts Receivable, Customer Service, and Billing. Most people familiar with 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.


For Reimbursement Specialists, experience does not seem to be a major factor in determining pay. Those in the early stages of their career can expect to make around $35K; however, individuals with five to 10 years of experience bring in $38K on average — a distinctly larger sum. Reimbursement Specialists bring in $41K after working for 10 to 20 years. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings 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

Claim Handling
up arrow 11%

Insurance
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 17%

Accounts Receivable
up arrow 18%

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
3%
1-4 years
29%
5-9 years
27%
10-19 years
30%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 78%
vision benefits Vision: 62% employee benefits None: 10%
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