Reimbursement Specialist Salary

Median pay for Reimbursement Specialists in the United States lies in the neighborhood of $17.05 per hour. While geography and tenure impact pay for this group, the company is the most influential factor. Most Reimbursement Specialists like their work and job satisfaction is high. The vast majority of Reimbursement Specialists (89 percent) who participated in the survey are women. A strong majority claim medical and dental insurance and more than half get vision coverage. The information for this snapshot was generated by responses to the PayScale salary survey.

$33,346 - $99,335
$33K
$48K
$99K
MEDIAN: $48,040
10%
50%
90%

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$14.10 - $23.55
$14
$17
$24
MEDIAN: $17.13
10%
50%
90%

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$0$99K
Salary $33,346 - $99,335
Bonus $388 - $23,700
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).
)
$29,755 - $65,610
  • Country: United States
  • Currency: USD
  • Updated: 19 Nov 2017
  • Individuals Reporting: 83
Hourly Data $0$41
Hourly Rate $14.10 - $23.55
Overtime $17.98 - $41.69
Annual Data $0$65K
Bonus $388 - $23,700
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).
)
$29,755 - $65,610
  • Country: United States
  • Currency: USD
  • Updated: 19 Nov 2017
  • Individuals Reporting: 234

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 expedite 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 who go on to become Medical Reimbursement Specialists may see somewhat stagnant compensation. On average, a Medical Reimbursement Specialist, an upper-level role, pays $36K.

Reimbursement Specialist Job Listings

Popular Employer Salaries for Reimbursement Specialist


AmerisourceBergen Corp. offers the largest salaries in town — $58K on average.

Popular Skills for Reimbursement Specialist


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Microsoft Excel, Knowledge of Medicaid & Medicare, Insurance, and Medical Terminology are correlated to pay that is above average, with boosts between 3 percent and 15 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 Collections and Insurance.

Pay by Experience Level for Reimbursement Specialist

Pay by Experience for a Reimbursement Specialist has a positive trend. An entry-level Reimbursement Specialist with less than 5 years of experience can expect to earn an average total compensation of $35,000 based on 133 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Reimbursement Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $37,000 based on 99 salaries. An experienced Reimbursement Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $41,000 based on 104 salaries. A Reimbursement Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $43,000 based on 35 salaries.

Pay Difference by Location

National Average: $38,122

Larger city markers indicate a job is popular in that location.

Surpassing the national average by 42 percent, Reimbursement Specialists in Chicago receive some of the highest pay in the country. Reimbursement Specialists can also look forward to large paychecks in cities like Atlanta (+28 percent), Dallas (+25 percent), Cleveland (+11 percent), and Houston (+4 percent). The lowest-paying market is St. Louis, which sits 17 percent below the national average.

Reimbursement Specialist Reviews

Q: What is it like working as a Reimbursement Specialist?

Reimbursement Specialist in St. Louis:
"Reimbursement World."
Pros: I like the challenge of having to fight and advocate for patients DME benefits to be covered at the in-network benefit level. It's rewarding to see that a prior authorization is approved for certain DME that patients receive through an out-of-network provider.
Cons: The leghnthy process to obtain a prior authorization for DME to be covered through a patient's insurance.

Related Job Salaries

Key Stats for Reimbursement Specialist

Gender

Female
93 %
Male
7 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 61 votes.
Less than 1 year
3%
1-4 years
32%
5-9 years
26%
10-19 years
27%
20 years or more
12%

Experience Affects Reimbursement Specialist Salaries

▲14%

▲8%

National Average
$38,000

▼2%

▼8%

Skills That Affect Reimbursement Specialist Salaries

Microsoft Excel
▲14%

Knowledge of Medicaid & Medicare
▲4%

▲2%

Medical Terminology
▲2%

Claim Handling
▼0%

National Average
$38,000

Medicaid & Medicare Billing
▼1%

Customer Service
▼1%



▼3%

▼5%

Accounts Receivable
▼19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 61 votes.

Gender

Female
93 %
Male
7 %

Years of Experience

Less than 1 year
3%
1-4 years
32%
5-9 years
26%
10-19 years
27%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 77%
dental benefits
Dental: 71%
vision benefits
Vision: 67%
no benefits
None: 19%