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Reimbursement Specialist Salary

Women comprise the majority of Reimbursement Specialists in the United States. Individuals in this line of work make around $16.85 per hour on average. Experience level is the biggest factor affecting pay for this group, followed by geography. Most workers in this position report high levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. The data in this summary comes from the PayScale salary survey.

$30,029 - $76,597
(Median)
$30K
$43K
$77K
MEDIAN: $42,972
10%
50%
90%

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$12.75 - $21.78
(Median)
$13
$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
$30,029 - $76,597  
   
Bonus
$0.00 - $2,447  
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).
)
$27,684 - $59,299  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 97
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
$12.75 - $21.78  
   
Overtime
$5.48 - $32.60  
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 - $2,447  
   
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).
)
$27,684 - $59,299  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 185

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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


Reimbursement Specialists report using a wide range of professional 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 11 percent. Skills that pay less than market rate include Accounts Receivable and Billing. Those proficient in Medicaid & Medicare Billing are, more often than not, also skilled in 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. Respondents with less than five years' experience take home $35K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $38K. People with 10 to 20 years of experience make an average of about $41K in this role. Reimbursement Specialists who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $44K on average.

Related Job Salaries

United States (change)

Experience Affects Reimbursement Specialist Salaries

Late-Career
up arrow 18%

Experienced
up arrow 10%

Mid-Career
up arrow 2%

National Average
$38,000

Entry-Level
up arrow 7%

Skills That Affect Reimbursement Specialist Salaries

Claim Handling
up arrow 11%

Knowledge of Medicaid & Medicare
up arrow 6%

Insurance
up arrow 5%

Medical Coding
up arrow 1%

National Average
$38,000

Collections
up arrow 2%

Medicaid & Medicare Billing
up arrow 3%

Billing
up arrow 6%

Accounts Receivable
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 55 votes.

Gender

Female
91 %
Male
9 %

Years of Experience

Less than 1 year
2%
1-4 years
30%
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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