What is a Reimbursement Specialist

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 is more than meets the eye when it comes to being a Reimbursement Specialist. For example, did you know that they make an average of $17.91 an hour? That's $37,246 a year!

Between 2018 and 2028, the career is expected to grow 11% and produce 23,100 job opportunities across the U.S.

What Does a Reimbursement Specialist Do

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.

Learn more about what a Reimbursement Specialist does

How To Become a Reimbursement Specialist

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.

Choosing the right major is always an important step when researching how to become a Reimbursement Specialist. When we researched the most common majors for a Reimbursement Specialist, we found that they most commonly earn Bachelor's Degree degrees or Associate Degree degrees. Other degrees that we often see on Reimbursement Specialist resumes include High School Diploma degrees or Diploma degrees.

You may find that experience in other jobs will help you become a Reimbursement Specialist. In fact, many Reimbursement Specialist jobs require experience in a role such as Customer Service Representative. Meanwhile, many Reimbursement Specialists also have previous career experience in roles such as Billing Specialist or Account Representative.

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Tell us your goals and we'll match you with the right jobs to get there.

And if you’re looking for a job, here are the five top employers hiring now:

  1. Vanderbilt University Medical Center Jobs (35)
  2. Cleveland Clinic Jobs (52)
  3. McKesson Jobs (249)
  4. DaVita Jobs (25)
  5. AmerisourceBergen Jobs (35)
Average Salary
$37,246
Average Salary
Job Growth Rate
11%
Job Growth Rate
Job Openings
31,584
Job Openings
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Average Salary for a Reimbursement Specialist

Reimbursement Specialists in America make an average salary of $37,246 per year or $18 per hour. The top 10 percent makes over $47,000 per year, while the bottom 10 percent under $29,000 per year.
Average Salary
$37,246
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12 Reimbursement Specialist Resume Examples

Learn How To Write a Reimbursement Specialist Resume

At Zippia, we went through countless Reimbursement Specialist resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Reimbursement Specialist Resume Examples And Templates

And if you’re looking for a job, here are the five top employers hiring now:

  1. Vanderbilt University Medical Center Jobs (35)
  2. Cleveland Clinic Jobs (52)
  3. McKesson Jobs (249)
  4. DaVita Jobs (25)
  5. AmerisourceBergen Jobs (35)

Choose From 10+ Customizable Reimbursement Specialist Resume templates

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.

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Reimbursement Specialist Demographics

Reimbursement Specialist Gender Statistics

female

84.8 %

male

15.2 %

Reimbursement Specialist Ethnicity Statistics

White

66.0 %

Hispanic or Latino

14.2 %

Black or African American

10.0 %

Reimbursement Specialist Foreign Languages Spoken Statistics

Spanish

67.4 %

French

12.6 %

German

3.7 %
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Reimbursement Specialist Education

Reimbursement Specialist Majors

27.0 %

Reimbursement Specialist Degrees

Bachelors

39.8 %

Associate

26.9 %

High School Diploma

11.2 %

Top Colleges for Reimbursement Specialists

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. California State University - Bakersfield

Bakersfield, CA • Private

In-State Tuition
$7,309
Enrollment
9,142

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083

5. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

6. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

7. Maria College of Albany

Albany, NY • Private

In-State Tuition
$15,140
Enrollment
876

8. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

9. Duke University

Durham, NC • Private

In-State Tuition
$55,695
Enrollment
6,596

10. Howard University

Washington, DC • Private

In-State Tuition
$26,756
Enrollment
6,166
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Online Courses For Reimbursement Specialist That You May Like

Future Healthcare Payment Models
coursera

This course will review the drivers of healthcare cost and solutions that have been proposed to address cost, quality and value of health care. Many point blame for high costs on payment models that pay healthcare providers for every service they provide to patients, essentially paying more for volume and service intensity. This is called a Fee for Service (FFS) payment model. Some solutions, arguably the more sustainable solutions, are the combined strategies of new payment models, care managem...

Design in Healthcare: Using Patient Journey Mapping
edX (Global)

In this course you will learn about the different experiences patients go through in a medical context. The patient journey explores the interaction between the patient and the healthcare providers in all stages of the disease; coping with treatment and dealing with expectations, and interaction with and between different stakeholders. This course will give designers and specialists in healthcare the knowledge, insights and tools to be able to analyze and improve patient experience. You will...

Understanding HIPAA for the Medical Office
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4.5
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A healthcare professional's guide to understanding the requirements HIPAA...

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Top Skills For a Reimbursement Specialist

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, 17.8% of Reimbursement Specialists listed Insurance Companies on their resume, but soft skills such as Analytical skills and Detail oriented are important as well.

Best States For a Reimbursement Specialist

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 Alaska, South Carolina, Idaho, and Virginia. Reimbursement Specialists make the most in Alaska with an average salary of $45,403. Whereas in South Carolina and Idaho, they would average $45,208 and $44,950, respectively. While Reimbursement Specialists would only make an average of $43,777 in Virginia, 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. Idaho

Total Reimbursement Specialist Jobs:
112
Highest 10% Earn:
$54,000
Location Quotient:
1.28
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Alaska

Total Reimbursement Specialist Jobs:
73
Highest 10% Earn:
$51,000
Location Quotient:
1.63
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Wyoming

Total Reimbursement Specialist Jobs:
49
Highest 10% Earn:
$49,000
Location Quotient:
1.53
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Reimbursement Specialists

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Top Reimbursement Specialist Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ Reimbursement Specialists and discovered their number of Reimbursement Specialist opportunities and average salary. Through our research, we concluded that McKesson was the best, especially with an average salary of $37,992. Maxim Healthcare Services follows up with an average salary of $38,778, and then comes Walgreens with an average of $36,390. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a Reimbursement Specialist. The employers include CVS Health, Cigna, and United Biosource

Most Common Employers For Reimbursement Specialist

RankCompanyZippia ScoreAverage Reimbursement Specialist SalaryAverage Salary
1$51,393
2$41,723
3$40,877
4$38,778
5$38,198
6$38,168

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