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Reimbursement specialist hiring summary. Here are some key points about hiring reimbursement specialists in the United States:
Here's a step-by-step reimbursement specialist hiring guide:
A reimbursement specialist is responsible for analyzing insurance documents, processing reimbursement claims, and releasing accurate billing statements for insurance claims. Reimbursement specialists must have excellent analytical skills, especially on performing clerical tasks to evaluate insurance cases, investigate cases, and update the account information of the clients on the database. They should also have impeccable communication skills and understanding of the insurance processes to be able to coordinate with the clients, explaining the procedures of their claims accurately, and coordinate with the insurance management to improve the claims processes.
The reimbursement specialist hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
Hiring the perfect reimbursement specialist 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.
The following list breaks down different types of reimbursement specialists and their corresponding salaries.
| Type of Reimbursement Specialist | Description | Hourly rate |
|---|---|---|
| Reimbursement Specialist | 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 | $13-23 |
| Biller | Billers are medical professionals who are responsible for translating health care services into medical claims to be submitted to insurance companies. These billers are required to obtain patient medical records and interpret them to determine the billable units and services... Show more | $13-23 |
| Records Coordinator | A records coordinator takes responsibility for doing administrative and clerical work. Records coordinators maintain the filing system of the central records... Show more | $14-25 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Virginia | $44,963 | $22 |
| 2 | New Jersey | $44,492 | $21 |
| 3 | Missouri | $42,973 | $21 |
| 4 | Georgia | $42,249 | $20 |
| 5 | California | $41,640 | $20 |
| 6 | New York | $41,590 | $20 |
| 7 | Wisconsin | $41,309 | $20 |
| 8 | Nevada | $40,679 | $20 |
| 9 | District of Columbia | $40,604 | $20 |
| 10 | South Carolina | $40,417 | $19 |
| 11 | Arizona | $40,320 | $19 |
| 12 | Utah | $40,077 | $19 |
| 13 | Illinois | $39,769 | $19 |
| 14 | Minnesota | $39,020 | $19 |
| 15 | North Carolina | $38,921 | $19 |
| 16 | Pennsylvania | $38,897 | $19 |
| 17 | Texas | $38,339 | $18 |
| 18 | Maryland | $37,419 | $18 |
| 19 | Florida | $37,123 | $18 |
| 20 | Alabama | $36,876 | $18 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Novartis | $67,754 | $32.57 | 14 |
| 2 | Boston Scientific | $58,650 | $28.20 | 16 |
| 3 | Genentech | $57,463 | $27.63 | |
| 4 | Life Care Centers of America | $50,447 | $24.25 | 4 |
| 5 | Children's Hospital Colorado | $50,340 | $24.20 | 1 |
| 6 | Minnesota State Fair | $45,604 | $21.93 | 3 |
| 7 | Prime Healthcare | $44,886 | $21.58 | 8 |
| 8 | Smith & Nephew | $44,783 | $21.53 | |
| 9 | East Tennessee Children's Hospital | $44,188 | $21.24 | |
| 10 | Myriad Genetics | $43,982 | $21.15 | 2 |
| 11 | Tandem Diabetes Care | $43,585 | $20.95 | |
| 12 | Summit Orthopedics | $43,293 | $20.81 | 5 |
| 13 | NeoGenomics Laboratories | $43,021 | $20.68 | |
| 14 | Baptist Health Home Care | $42,953 | $20.65 | 12 |
| 15 | Cape Cod Healthcare | $42,656 | $20.51 | 15 |
| 16 | AmerisourceBergen | $42,622 | $20.49 | |
| 17 | Cincinnati Eye Institute | $42,505 | $20.44 | 7 |
| 18 | USMD Health System | $42,330 | $20.35 | |
| 19 | Prince William County | $42,314 | $20.34 | |
| 20 | West Tennessee Healthcare | $41,564 | $19.98 |
A good reimbursement specialist 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 specialist job description:
There are a few common ways to find reimbursement specialists for your business:
Your first interview with reimbursement specialist candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the reimbursement specialist candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
It's also good etiquette to follow up with applicants who don't get the job by sending them 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.
There are different types of costs for hiring reimbursement specialists. 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 specialist employee.
You can expect to pay around $38,273 per year for a reimbursement specialist, 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 reimbursement specialists in the US typically range between $13 and $23 an hour.