Hourly Wage for Payment Recovery Specialist Salary in the United States

Hourly Wage for Payment Recovery Specialist Salary

How much does a Payment Recovery Specialist make hourly in the United States? The average hourly wage for a Payment Recovery Specialist in the United States is $26 as of May 01, 2023, but the range typically falls between $23 and $30. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Jobs with a similar salary range to Payment Recovery Specialist : Medical Device Sales, Medical Sales Consultant, Medical Marketing Representative

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Based on HR-reported data: a national average with a geographic differential
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25% $23 10% $20 90% $33 75% $30 $26 50%(Median) Didn’t find job title? Click
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Job Description for Payment Recovery Specialist

Payment Recovery Specialist is responsible for analysis of denied reimbursement claims. Ensures appropriate insurance coverage for compliance standards and revenue generation. Being a Payment Recovery Specialist monitors, evaluates, and reviews all cost reporting in support of claims. Coordinates with departments and insurance companies to correct errors as necessary. Additionally, Payment Recovery Specialist requires a bachelor's degree in area of specialty. Typically reports to a supervisor or manager. To be a Payment Recovery Specialist 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. (Copyright 2023 Salary.com)... View full job description

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Job Openings for Payment Recovery Specialist
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Mital Patel, Executive Vice President of Financial Planning and Analysis and Chief Administrative Officer
RadNet, Inc.
RadNet, Inc., together with its subsidiaries, provides outpatient diagnostic imaging services in the United States. Its services include magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mammography, ultrasound, diagnostic radiology, fluoroscopy, and other related procedur... More
Fiscal Year Ended in 2021
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Payment Recovery Specialist Pay Difference by Location

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total hourly compensation opportunity for a Payment Recovery Specialist, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
23
30
26

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
23
30
26
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Payment Recovery Specialist in the United States. The average hourly rate for Payment Recovery Specialist ranges from $23 to $30 with the average hourly pay of $26. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $23 to $30 with the average total hourly cash compensation of $26.
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23
30

 

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Skills associated with Payment Recovery Specialist: CPT Coding (Current Procedural Terminology), ICD Coding, Health Care Operations Software, Medical Practice Management Software ...More

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