The average hourly pay for a Reimbursement Specialist is $17.36.
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$14 - $24
$300 - $23,000
$0 - $850
$30,060 - $64,597
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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. 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.
Popular Employer Salaries for Reimbursement Specialist
The top respondents for the job title Reimbursement Specialist are from the companies AmerisourceBergen Corp., Option Care, Inc and Bioscrip, Inc.. Reported salaries are highest at Bioscrip, Inc. where the average pay is $18.31. Other companies that offer high salaries for this role include AmerisourceBergen Corp., earning around $17.45. Express Scripts Incorporated pays the lowest at around $16.46. Option Care, Inc also pays on the lower end of the scale, paying $16.77.
Reimbursement Specialist Job Listings
Popular Skills for Reimbursement Specialist
Avg. Hourly Rate
Skills in Customer Service, Insurance and Bill Collections are correlated to pay that is above average. Skills that pay less than market rate include Billing and Medicaid & Medicare Billing.
Pay by Experience Level for Reimbursement Specialist
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 $15.90 based on 84 salaries. An early career Reimbursement Specialist with 1-4 years of experience earns an average total compensation of $16.41 based on 225 salaries. A mid-career Reimbursement Specialist with 5-9 years of experience earns an average total compensation of $17.55 based on 180 salaries. An experienced Reimbursement Specialist with 10-19 years of experience earns an average total compensation of $18.79 based on 173 salaries. In their late career (20 years and higher), employees earn an average total compensation of $19.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Reimbursement Specialist in their job title in Boston, Massachusetts earn an average of 33.7% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (29.6% more) and Dallas, Texas (16.9% more). The lowest salaries can be found in San Antonio, Texas (7.7% less) and Nashville, Tennessee (6.0% less).
Years of Experience
This data is based on 721 survey responses.