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Reimbursement analyst hiring summary. Here are some key points about hiring reimbursement analysts in the United States:
Here's a step-by-step reimbursement analyst hiring guide:
A reimbursement analyst is responsible for determining patients' billing statements and approving reimbursement claims. Reimbursement analysts review reimbursement requests, respond to patients' inquiries and concerns, and resolve billing discrepancies. They also validate patients' information and medical documents to support claims and process reimbursement efficiently. A reimbursement analyst must have excellent analytical and communication skills, as well as have extensive knowledge of the reimbursement policies and procedures to release payments and manage the patients' eligibility for reimbursement.
Before you start hiring a reimbursement analyst, 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.
Hiring the perfect reimbursement analyst also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
This list presents reimbursement analyst salaries for various positions.
| Type of Reimbursement Analyst | Description | Hourly rate |
|---|---|---|
| Reimbursement Analyst | Medical records and health information technicians, commonly referred to as health information technicians, organize and manage health information data. They ensure its quality, accuracy, accessibility, and security in both paper and electronic systems... Show more | $23-41 |
| Health Information Technician | A health information technician is primarily responsible for managing and handling patient information, ensuring accuracy and confidentiality. They coordinate with various health care workers to gather patient data, laboratory results, test findings, and medical histories, encoding them in clinical databases in a timely and efficient manner... Show more | $12-21 |
| Medical Service Technician | A medical service technician provides health care and treatments to patients under the supervision or directives of a more experienced physician. Most of their responsibilities revolve around assessing a patient's condition, administering required aid, diagnosing patients, conducting check-ups, and counseling patients... Show more | $11-29 |
Including a salary range in the reimbursement analyst job description is a good way to get more applicants. A reimbursement analyst salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for a reimbursement analyst in Louisiana may be lower than in Massachusetts, and an entry-level engineer typically earns less than a senior-level reimbursement analyst. Additionally, a reimbursement analyst with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Massachusetts | $87,038 | $42 |
| 2 | Connecticut | $86,673 | $42 |
| 3 | Oregon | $81,822 | $39 |
| 4 | California | $81,720 | $39 |
| 5 | Washington | $81,421 | $39 |
| 6 | Texas | $78,297 | $38 |
| 7 | New York | $77,527 | $37 |
| 8 | Georgia | $77,429 | $37 |
| 9 | New Jersey | $77,252 | $37 |
| 10 | Maine | $76,017 | $37 |
| 11 | Indiana | $72,873 | $35 |
| 12 | Virginia | $72,137 | $35 |
| 13 | North Carolina | $71,502 | $34 |
| 14 | Colorado | $68,294 | $33 |
| 15 | Wisconsin | $66,194 | $32 |
| 16 | Illinois | $65,825 | $32 |
| 17 | Arizona | $65,769 | $32 |
| 18 | Iowa | $65,621 | $32 |
| 19 | Missouri | $64,544 | $31 |
| 20 | Utah | $62,750 | $30 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Tufts Health Plan | $82,995 | $39.90 | |
| 2 | BlueCross BlueShield of South Carolina | $82,097 | $39.47 | |
| 3 | Tenet Healthcare | $81,392 | $39.13 | |
| 4 | Lincare Holdings | $79,932 | $38.43 | |
| 5 | Highland General Hospital | $77,703 | $37.36 | |
| 6 | Beth Israel Deaconess Medical Center | $76,934 | $36.99 | |
| 7 | UMass Memorial Health | $75,787 | $36.44 | |
| 8 | Mount Sinai Health System | $75,719 | $36.40 | 2 |
| 9 | Stamford Memorial Hospital Foundation | $75,282 | $36.19 | |
| 10 | Hebrew SeniorLife | $75,185 | $36.15 | |
| 11 | MetroPlus | $75,067 | $36.09 | 1 |
| 12 | Florida Blue | $74,856 | $35.99 | |
| 13 | Baptist Health Home Care | $74,654 | $35.89 | |
| 14 | Dean Health Plan | $74,424 | $35.78 | |
| 15 | Yale New Haven Health | $73,958 | $35.56 | 4 |
| 16 | Health First | $73,921 | $35.54 | |
| 17 | Touro College | $73,815 | $35.49 | |
| 18 | CVS Health | $73,770 | $35.47 | 59 |
| 19 | University of California-Berkeley | $73,764 | $35.46 | |
| 20 | Memorial Healthcare System | $73,617 | $35.39 |
A good reimbursement analyst job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a reimbursement analyst job description:
There are various strategies that you can use to find the right reimbursement analyst for your business:
During your first interview to recruit reimbursement analysts, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete 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 reimbursement analyst 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.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
After that, you can create an onboarding schedule for a new reimbursement analyst. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
There are different types of costs for hiring reimbursement analysts. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new reimbursement analyst employee.
Reimbursement analysts earn a median yearly salary is $65,489 a year in the US. However, if you're looking to find reimbursement analysts for hire on a contract or per-project basis, hourly rates typically range between $23 and $41.