Refund Specialist Salary
An average Refund Specialist in the United States can expect to take home roughly $14.81 per hour. Although a strong majority have medical coverage and the greater part have dental coverage, one in five claim no health benefits at all. The vast majority (83 percent) of Refund Specialists who took the survey are female. Most Refund Specialists report high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.
|Hourly Rate||$12.01 - $21.37|
|Overtime||$15.10 - $30.98|
|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).)
|$25,143 - $47,300|
Job Description for Refund Specialist
Refund specialists typically work in a health care setting or for a corporation and are tasked with researching and processing refunds for patients, physicians, and health care providers. They also answer any payment-related questions patients may have, provide written responses to insurance agencies regarding billing information, and ensure the accurate completion of patients' documentation, and they must always stay up-to-date with HIPPA regulations. They must also be able to work with a wide range of people.Read More...
A high school diploma and several years of prior experience in a health care or billing setting are generally required for this position, and some positions also require a college degree. Long hours may be necessary depending on the employer, and this position may also require knowledge of EOB and mathematical concepts, which are learned through years of training and experience. (Copyright 2017 PayScale.com)
Refund Specialist Tasks
- Serve as a patient advocate to identify reimbursement coverage options or identify reimbursement options for non-insured patients.
- Record and monitor insurance authorizations to ensure payment compliance and treatment continuity.
- Maintain and analyze data about patient cases requiring reimbursement support.
- Work with treatment providers and insurance companies to obtain payment authorizations.
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Key Stats for Refund Specialist
Rated 4 out of 5
based on 10 votes.