The average hourly pay for a Reimbursement Specialist is $17.96.
Reimbursement Specialist by
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What Do Reimbursement Specialists Do?
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.
Generally, a high school diploma and some insurance experience is required for …Read more
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.
Job Satisfaction for Reimbursement Specialist
Popular Employer Salaries for Reimbursement Specialist
The top respondents for the job title Reimbursement Specialist are from the companies Option Care, Inc, AmerisourceBergen Corp. and Bioscrip, Inc.. Reported salaries are highest at Conduent Inc. where the average pay is $19.59. Other companies that offer high salaries for this role include Bioscrip, Inc., earning around $19.44. AmerisourceBergen Corp. pays the lowest at around $16.79. Express Scripts Incorporated also pays on the lower end of the scale, paying $16.98.
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Medical Billing Specialist
Medical Reimbursement Specialist
Somewhat common (8 - 20%)
Reimbursement Specialist Job Listings
What Are Popular Skills for Reimbursement Specialists?
Skills in Insurance and Bill Collections are correlated to pay that is above average. Skills that pay less than market rate include Customer Service, Billing and Medicaid & Medicare Billing.
What is the Pay by Experience Level for Reimbursement Specialists?
An entry-level Reimbursement Specialist with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $16.03 based on 23 salaries. An early career Reimbursement Specialist with 1-4 years of experience earns an average total compensation of $17.09 based on 166 salaries. A mid-career Reimbursement Specialist with 5-9 years of experience earns an average total compensation of $18.01 based on 125 salaries. An experienced Reimbursement Specialist with 10-19 years of experience earns an average total compensation of $18.87 based on 123 salaries. In their late career (20 years and higher), employees earn an average total compensation of $19.
Pay Difference by Location
Employees with Reimbursement Specialist in their job title in Chicago, Illinois earn an average of 19.7% more than the national average. These job titles also find higher than average salaries in Dallas, Texas (11.2% more) and Houston, Texas (4.7% more). The lowest salaries can be found in Phoenix, Arizona (7.2% less), San Antonio, Texas (5.3% less) and Charlotte, North Carolina (4.2% less).
Years of Experience
This data is based on 502 survey responses.