The average salary for a Reimbursement Analyst is $54,771.
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Job Description for Reimbursement Analyst
A reimbursement analyst works at a medical facility and is responsible for processing and recording patient information in order to accurately determine the reimbursement amount for which he/she is eligible. Those in this position also ensure that reimbursement procedures adhere to regulations and payers' operating procedures. As such, the main responsibilities of this position revolve around assisting patients in the reimbursement process while researching payer policies; each payer has a diffe…Read more
Reimbursement Analyst Tasks
- Prepare insurance annual cost reports.
- Maintain relationship with hospital or health services management and work to resolve reimbursement issues.
- Prepare journal entries, various financial or statistical analyses, reconciliation's, or research activities.
- Prepare quarterly progressions which involves reconciliation of third party receivables/payables and analysis of reserves.
- Coordinate resolution of intermediary and state agency audit requests, including obtaining audit documentation from other departments and communicating status to supervisor.
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Popular Skills for Reimbursement Analyst
Skills in Financial Analysis and Medicaid & Medicare Regulation are correlated to pay that is above average. Skills that pay less than market rate include Data Analysis, Insurance and Microsoft Excel.
Pay by Experience Level for Reimbursement Analyst
An entry-level Reimbursement Analyst with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $47,778 based on 16 salaries. An early career Reimbursement Analyst with 1-4 years of experience earns an average total compensation of $51,990 based on 121 salaries. A mid-career Reimbursement Analyst with 5-9 years of experience earns an average total compensation of $55,638 based on 72 salaries. An experienced Reimbursement Analyst with 10-19 years of experience earns an average total compensation of $65,413 based on 67 salaries. In their late career (20 years and higher), employees earn an average total compensation of $65,364.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Reimbursement Analyst in their job title in Philadelphia, Pennsylvania earn an average of 12.7% more than the national average. These job titles also find higher than average salaries in Dallas, Texas (9.5% more) and Indianapolis, Indiana (9.5% more). The lowest salaries can be found in St. Louis, Missouri (37.0% less) and King of Prussia, Pennsylvania (10.8% less).
Years of Experience
This data is based on 308 survey responses.