1. University of Pennsylvania
Philadelphia, PA • Private
In-State Tuition
$55,584
Enrollment
10,764
People, things, companies, and other valuable properties are exposed to many dangerous risks and uncertainties. So we tend to take help from insurance companies to minimize the cost of valuable assets in case of any damage or loss. If such a scenario happens when your property is destroyed, you can file an insurance claim if it was insured. The insurance company's reimbursement specialist will look into your insurance documents, verify, and prepare the reimbursement claim.
Reimbursement Specialists release accurate billing statements once the Reimbursement claims are processed completely. They handle claim processing components such as coordinating delayed, disputed, or rejected claims and reviewing rejected, returned, or denied claims from third-party payers such as Medicare. Solving these processing issues is also their duty.
Billing departments of insurance and medical fields are the best working place for professionals. Here they can easily demand a salary of $17.90 per hour, on average. But the profession requires a bachelor's or associate's degree in healthcare administration or business.
There are certain skills that many reimbursement specialists have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, detail oriented and integrity.
If you're interested in becoming a reimbursement specialist, one of the first things to consider is how much education you need. We've determined that 39.8% of reimbursement specialists have a bachelor's degree. In terms of higher education levels, we found that 4.9% of reimbursement specialists have master's degrees. Even though some reimbursement specialists have a college degree, it's possible to become one with only a high school degree or GED.
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a reimbursement specialist can determine their career goals through the career progression. For example, they could start out with a role such as office manager, progress to a title such as case manager and then eventually end up with the title nursing director.
What Am I Worth?
The role of a reimbursement specialist includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general reimbursement specialist responsibilities:
There are several types of reimbursement specialist, including:
Medical record clerks are members of health care staff at hospitals and other medical facilities. They are responsible for dealing with the paperwork for these institutions creating, managing, and maintaining the documentation of patients' cases. They are also expected to assist during audits.
They gather and organize information such as medical records, examination results, admission, and discharge documents. They make sure nurses and other personnel have the necessary forms in stock, they digitalize existing paperwork, and ensure the confidentiality of the files.
This is a full-time job that requires previous experience. Medical clerks have to be familiar with medical terminology, and keen attention to detail is a must. Just like in the case of any administrative position, the use of MS Office and other information management programs is a basic requirement.
The primary responsibility of a medical coder is to take a health care patient's file and translate the procedures and diagnoses into numerical codes. The codes they assign will determine how much a doctor or hospital is reimbursed for their services. Medical coders assign the proper numeric code to each of the procedures and diagnosis using software to determine how much a hospital or doctor will be reimbursed.
Medical coders may need to learn a variety of coding system software programs in order to classify several categories of patients, such as those used for Medicare, long-term care, physician offices, or ambulatory settings.
The minimum education requirement for a mecial coder is a high school diploma or GED. Some employers may prefer to hire if the applicant holds a professional credential, and one may be offered higher wages than an uncertified medical coder. The reported average annual salary for a medical coder is approximately $29,000-59,000. However, this figure can vary significantly depending upon academic qualification, having previous experience, and possession of the aforementioned skills. An optional certification is also available after obtaining experience in the role.
Billing representatives work in various industries, apart from the seemingly obvious banking, insurance, and finance fields. They are employed in other areas as well, such as retail, manufacturing, or healthcare, and are responsible for keeping an eye on credit-based transactions.
Billing representatives hold onto payment records, follow up on installment plans, and watch out for due dates. They remind customers about overdue payments and resolve their doubts and issues related to payments and transactions. They are the ones who communicate with debtors and charge fees upon missing or late payments, and they submit forms to the authorities. They know their way around contracts and regulations and make sure payment terms and practices are in accordance with these.
Although it might sound fairly complicated at first glance, a billing representative position is an entry-level one and is considered a stepping stone toward working in accounting or other higher-level finance positions. An aptitude for data management and math will, of course, go a long way.
Mouse over a state to see the number of active reimbursement specialist jobs in each state. The darker areas on the map show where reimbursement specialists earn the highest salaries across all 50 states.
Rank | State | Number of Jobs | Average Salary |
---|---|---|---|
1 | California | 1,214 | $41,134 |
2 | Texas | 1,115 | $38,114 |
3 | Florida | 1,082 | $36,913 |
4 | New York | 786 | $41,498 |
5 | Pennsylvania | 680 | $38,827 |
6 | North Carolina | 578 | $38,873 |
7 | Illinois | 533 | $39,741 |
8 | Ohio | 515 | $35,692 |
9 | Georgia | 511 | $42,231 |
10 | Virginia | 469 | $45,174 |
11 | Massachusetts | 460 | $36,118 |
12 | Michigan | 414 | $36,114 |
13 | Arizona | 383 | $40,241 |
14 | New Jersey | 352 | $44,611 |
15 | Tennessee | 344 | $36,688 |
16 | Indiana | 333 | $34,833 |
17 | Maryland | 332 | $37,415 |
18 | Washington | 321 | $36,446 |
19 | Minnesota | 303 | $38,959 |
20 | Iowa | 283 | $35,493 |
21 | Oregon | 275 | $39,063 |
22 | Missouri | 271 | $43,092 |
23 | Colorado | 265 | $35,647 |
24 | Wisconsin | 257 | $41,244 |
25 | Alabama | 216 | $36,963 |
26 | South Carolina | 189 | $40,424 |
27 | Louisiana | 184 | $35,621 |
28 | Oklahoma | 177 | $32,670 |
29 | Utah | 176 | $40,063 |
30 | Nebraska | 174 | $35,931 |
31 | Kentucky | 168 | $35,120 |
32 | Arkansas | 164 | $36,034 |
33 | Kansas | 162 | $42,936 |
34 | Connecticut | 161 | $37,769 |
35 | Nevada | 136 | $40,584 |
36 | Idaho | 112 | $38,679 |
37 | New Mexico | 100 | $38,593 |
38 | New Hampshire | 97 | $32,430 |
39 | Mississippi | 94 | $41,996 |
40 | North Dakota | 92 | $39,299 |
41 | Delaware | 89 | $40,399 |
42 | West Virginia | 87 | $39,200 |
43 | Hawaii | 84 | $35,676 |
44 | Maine | 77 | $37,167 |
45 | Alaska | 73 | $37,079 |
46 | Rhode Island | 71 | $38,999 |
47 | Montana | 68 | $37,970 |
48 | South Dakota | 65 | $35,931 |
49 | Vermont | 52 | $42,126 |
50 | Wyoming | 49 | $38,830 |
Philadelphia, PA • Private
In-State Tuition
$55,584
Enrollment
10,764
Bakersfield, CA • Private
In-State Tuition
$7,309
Enrollment
9,142
Los Angeles, CA • Private
In-State Tuition
$56,225
Enrollment
19,548
Stanford, CA • Private
In-State Tuition
$51,354
Enrollment
7,083
Stony Brook, NY • Private
In-State Tuition
$9,625
Enrollment
17,407
New York, NY • Private
In-State Tuition
$51,828
Enrollment
26,339
Albany, NY • Private
In-State Tuition
$15,140
Enrollment
876
Minneapolis, MN • Private
In-State Tuition
$14,760
Enrollment
31,451
Durham, NC • Private
In-State Tuition
$55,695
Enrollment
6,596
Washington, DC • Private
In-State Tuition
$26,756
Enrollment
6,166
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 20.1% of reimbursement specialists listed patients on their resume, but soft skills such as analytical skills and detail oriented are important as well.
Zippia allows you to choose from different easy-to-use Reimbursement Specialist templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Reimbursement Specialist resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
After extensive research and analysis, Zippia's data science team found that:
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Some places are better than others when it comes to starting a career as a reimbursement specialist. The best states for people in this position are Virginia, New Jersey, Missouri, and Kansas. Reimbursement specialists make the most in Virginia with an average salary of $45,174. Whereas in New Jersey and Missouri, they would average $44,611 and $43,092, respectively. While reimbursement specialists would only make an average of $42,936 in Kansas, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. Kansas
$42,936
Avg. Salary
2. Vermont
$42,126
Avg. Salary
3. North Dakota
$39,299
Avg. Salary
Rank | Company | Average Salary | Hourly Rate | Job Openings |
---|---|---|---|---|
1 | Genentech | $57,463 | $27.63 | 57 |
2 | AmerisourceBergen | $42,622 | $20.49 | 42 |
3 | McKesson | $40,644 | $19.54 | 249 |
4 | CVS Health | $40,416 | $19.43 | 30 |
5 | Vanderbilt University Medical Center | $39,767 | $19.12 | 35 |
6 | BioScrip | $38,866 | $18.69 | 53 |
7 | Shared Service Systems | $38,846 | $18.68 | 22 |
8 | National Seating & Mobility | $38,803 | $18.66 | 33 |
9 | BioTelemetry | $38,542 | $18.53 | 26 |
10 | Cleveland Clinic | $38,305 | $18.42 | 52 |