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Insurance verification representative hiring summary. Here are some key points about hiring insurance verification representatives in the United States:
Here's a step-by-step insurance verification representative hiring guide:
An insurance verification representative is responsible for ensuring the coverage of a patient's healthcare benefits by required procedures. Your duties will typically include updating patient information, verifying insurance coverage of patients, and arranging payment for medical services that are not covered under insurance. In addition, you will be checking eligibility and benefits for healthcare providers and explaining Medicare and CMS guidelines as needed. As an insurance verification representative, you are also expected to advise and discuss various financing options that best fit a patient's budget.
Before you start hiring an insurance verification representative, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
An insurance verification representative's background is also an important factor in determining whether they'll be a good fit for the position. For example, insurance verification representatives from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list presents insurance verification representative salaries for various positions.
| Type of Insurance Verification Representative | Description | Hourly rate |
|---|---|---|
| Insurance Verification Representative | Customer service representatives interact with customers to handle complaints, process orders, and provide information about an organization’s products and services. | $13-17 |
| Medical Billing Clerk | A medical billing clerk is primarily in charge of processing payments and creating billing arrangements in clinics and hospitals. Among their responsibilities include gathering and verifying patient identification, handling insurance information, coding, updating databases, and maintaining records... Show more | $12-19 |
| Insurance Clerk | An insurance clerk usually works to process insurance, reinstatement, changes, or cancellations for a company or an individual account. They are responsible for monitoring, processing, and organizing different insurance claims for a client... Show more | $12-18 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | West Virginia | $35,411 | $17 |
| 2 | North Carolina | $35,147 | $17 |
| 3 | California | $34,328 | $17 |
| 4 | Illinois | $33,700 | $16 |
| 5 | Virginia | $33,524 | $16 |
| 6 | Pennsylvania | $33,158 | $16 |
| 7 | Iowa | $32,957 | $16 |
| 8 | Michigan | $32,864 | $16 |
| 9 | Ohio | $32,814 | $16 |
| 10 | Utah | $32,292 | $16 |
| 11 | Nevada | $32,053 | $15 |
| 12 | Texas | $31,910 | $15 |
| 13 | Florida | $31,755 | $15 |
| 14 | Arizona | $31,708 | $15 |
| 15 | Tennessee | $31,512 | $15 |
| 16 | Georgia | $31,232 | $15 |
| 17 | Louisiana | $30,638 | $15 |
| 18 | Oregon | $30,088 | $14 |
| 19 | South Carolina | $30,081 | $14 |
| 20 | Colorado | $29,421 | $14 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Student Conservation Association | $37,780 | $18.16 | |
| 2 | Myriad Genetics | $37,739 | $18.14 | 3 |
| 3 | Cardinal Health | $35,805 | $17.21 | 138 |
| 4 | Zwanger-Pesiri Radiology | $34,755 | $16.71 | |
| 5 | Sheridan Healthcorp Inc | $34,400 | $16.54 | |
| 6 | RadNet | $34,394 | $16.54 | 66 |
| 7 | New Jersey Bariatric Center | $34,332 | $16.51 | |
| 8 | University of Pennsylvania | $34,330 | $16.50 | |
| 9 | Leviton | $33,680 | $16.19 | 1 |
| 10 | Murray | $33,148 | $15.94 | 2 |
| 11 | Humboldt General Hospital | $33,024 | $15.88 | 1 |
| 12 | Chesapeake Regional Healthcare | $32,964 | $15.85 | |
| 13 | USPI | $32,862 | $15.80 | |
| 14 | CCS Medical | $32,850 | $15.79 | 4 |
| 15 | Memorial Health Systems Corporation | $32,664 | $15.70 | 18 |
| 16 | Surgery.com | $32,605 | $15.68 | |
| 17 | Strive PT | $32,567 | $15.66 | |
| 18 | Intermountain Healthcare | $32,563 | $15.66 | 10 |
| 19 | Aerotek | $32,549 | $15.65 | 4 |
| 20 | SCA Health | $32,496 | $15.62 | 18 |
An insurance verification representative job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of an insurance verification representative job description:
There are a few common ways to find insurance verification representatives for your business:
To successfully recruit insurance verification representatives, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect insurance verification representative candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Recruiting insurance verification representatives involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
You can expect to pay around $32,706 per year for an insurance verification representative, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for insurance verification representatives in the US typically range between $13 and $17 an hour.