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What is the highest and lowest hourly pay for Payment Recovery Specialist?

As of April 01, 2025, the average hourly pay of Payment Recovery Specialist in the United States is $29. While Salary.com is seeing that the highest pay for Payment Recovery Specialist in the US can go up to $35 and the lowest down to $25, but most earn between $27 and $32. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Payment Recovery Specialist in the United States.

Payment Recovery Specialist Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $66,907 $5,576 $1,287 $32
Average $61,057 $5,088 $1,174 $29
25th Percentile $55,778 $4,648 $1,073 $27
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What is the yearly and monthly salary as a Payment Recovery Specialist?

As of April 01, 2025, the average annual salary is $61,057 (range: $50,972 to $72,233); the average monthly salary is $5,088 (range: $4,248 to $6,019).

Click the switch button below to see weekly and hourly salary of a Payment Recovery Specialist.

Last Updated on April 01, 2025
Last Updated on April 01, 2025

How Does Experience Level Affect a Payment Recovery Specialist's Salary?

As of April 01, 2025, Salary.com is seeing that an entry-level Payment Recovery Specialist with under 1 year experience makes about $59,324. With less than 2 years of experience, a mid-level Payment Recovery Specialist makes around $59,481. After 2-4 years, the Payment Recovery Specialist pay rises to about $60,112. Those senior Payment Recovery Specialist with 5-8 years of experience earn roughly $61,057, and those Payment Recovery Specialist having 8 years or more experience is expected to earn about $62,978 on average.

Levels Salary
Entry Level Payment Recovery Specialist $59,324
Intermediate Level Payment Recovery Specialist $59,481
Senior Level Payment Recovery Specialist $60,112
Specialist Level Payment Recovery Specialist $61,057
Expert Level Payment Recovery Specialist $62,978
$59,324 0 yr
$59,481 < 2 yrs
$60,112 2-4 yrs
$61,057 5-8 yrs
$62,978 > 8 yrs
Last Updated on April 01, 2025
Entry Level 3%
Mid Level 3%
Senior Level 2%
Top Level 0%
Experienced 3%
View as graph
Last Updated on April 01, 2025

How much does salary of Payment Recovery Specialist vary from city to city?

Salaries in the United States can vary significantly from city to city due to a multitude of factors, including cost of living, local economic conditions, and industry presence.

For example, as of April 01, 2025, the average yearly salary of Payment Recovery Specialist in San Francisco, CA is $76,254 and in New York, NY, the average annual salary goes to $70,759. While a Payment Recovery Specialist earns $68,097 per year in Boston, MA.

What is the salary trend of Payment Recovery Specialist?

For those exploring the changing dynamics of Payment Recovery Specialist salaries, Salary.com offers detailed insights through our Job Trending in CA Labor Market analysis. As of April 01, 2025, our research highlights a notable shift in Payment Recovery Specialist compensation over the past six years. For instance, the median salary has moved from $81,122 in 2023 to about $78,331 in 2024 (for a comprehensive analysis of Payment Recovery Specialist salary trends, click here). It's crucial to consider several elements, including geographical location, experience level, industry demand, and economic development, as they play a significant role in influencing salary variations.

Average Annual Salary of Payment Recovery Specialist Over Time

2020
$???
2021
$???
2022
$???
$81,122
2023
$78,331
2024
$77,134
2025
2026
$???
Last Updated on April 01, 2025
2020
$???
2021
$???
2022
$???
2023
$81,122
2024
$78,331
2025
$77,134
2026
$???
Last Updated on April 01, 2025

Payment Recovery Specialist Salary by Year

Year Average Annual Salary
2020 View More
2021 View More
2022 View More
2023 $81,122
2024 $78,331
2025 $77,134
2026 View More
Last Updated on April 01, 2025

Job Openings of Payment Recovery Specialist

Salary.com job board provides millions of Payment Recovery Specialist information for you to search for. Click on search button below to see Payment Recovery Specialist job openings or enter a new job title here.

Most Common Benefits for Payment Recovery Specialist

Based on HR-reported data: a national average with a geographic differential
Base Salary 70.7%
Bonuses 0.0%
Social Security 5.4%
401k/403b 3.5%
Disability 1.1%
Healthcare 7.4%
Pension 3.0%
Time Off 9.0%
Core Compensation
Core Compensation Median % of Total
Base Salary $61,057 70.7%
Bonus $0 0.0%
Value of Benefits
Core Compensation Median % of Total
Social Security $4,671 5.4%
401K/403B $2,992 3.5%
Disability $977 1.1%
Healthcare $6,371 7.4%
Pension $2,564 3.0%
Time Off $7,750 9.0%
Total Compensation $86,381 100%
Core Compensation is based on averages for this job and does not reflect personal factors used to determine your projected salary range.
Value of Benefits indicates the employer's expected contribution and paid time off.
Last Updated on April 01, 2025

What are the salaries of a Payment Recovery Specialist with different levels of education?

Salaries for Payment Recovery Specialist with a High School Diploma or Technical Certificate

According to our 100% employer reported salary sources the median salary for a Payment Recovery Specialist with a Bachelor's Degree is $53,333 - $57,478. Please try our salary wizard to explore how other factors like location, Years of experience and number of direct reports can impact your base pay and bonus.

Payment Recovery Specialist Salaries by Degree Level

Last Updated on April 01, 2025
Typical Education for Payment Recovery Specialist
Degree Level % of user with this level of education
High School 48.6%
Associates 16.2%
Bachelors 30.5%
Masters 2.9%
Doctorate 1.9%
Typical Education for Payment Recovery Specialist
High School 48.6%
Associates 16.2%
Bachelors 30.5%
Masters 2.9%
Doctorate 1.9%
view as table

Payment Recovery Specialist Salaries by Degree Level

Last Updated on April 01, 2025

What Am I Worth?

FAQ about Payment Recovery Specialist

1. What are the responsibilities of Payment Recovery Specialist?

Responsible for analysis of denied reimbursement claims. Ensures appropriate insurance coverage for compliance standards and revenue generation. Monitors, evaluates, and reviews all cost reporting in support of claims. Coordinates with departments and insurance companies to correct errors as necessary. Requires a bachelor's degree in area of specialty. Typically reports to a supervisor or manager. Typically requires 4 to 7 years of related experience. Contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature.

2. What are the skills of Payment Recovery Specialist

Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.)

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.)

Project Planning: Project planning is part of project management, which relates to the use of schedules such as Gantt charts to plan and subsequently report progress within the project environment. Project planning can be done manually or by the use of project management software.

3.)

Accounting Systems: An accounting system is a system that is employed in a company to organize financial information. It can be either manual or computerized.

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average hourly salary for a Payment Recovery Specialist is $29 per hour in the United States, updated at April 01, 2025.
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