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.
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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 Title | Experience | EDUCATION | Salary Compared to This Job |
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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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