How much does a Payment Recovery Specialist make in the United States? The average Payment Recovery Specialist salary in the United States is $51,253 as of August 27, 2021, but the range typically falls between $44,620 and $58,659. Salary ranges 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. 

Based on HR-reported data: a national average with a geographic differential
25% $44,620 10% $38,581 90% $65,401 75% $58,659 $51,253 50%(Median)
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Check out Payment Recovery Specialist jobs in Virginia

Insurance Billing Associate

Outreach Recovery - Arlington, VA

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Outreach - Arlington, VA

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AllyAlign Health - Glen Allen, VA

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District 19 Community Service Board - Petersburg, VA

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 2021 Salary.com)... View full job description

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See user submitted job responsibilities for Payment Recovery Specialist.

Job Openings for Payment Recovery Specialist
Those that have already made the climb...
Mital Patel, Executive Vice President of Financial Planning and Analysis and Chief Administrative Officer
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 2020
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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
-2.6%
City, State Chicago, IL Compared to national average
+ 6.1%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 20.3%
City, State Dallas, TX Compared to national average
-0.7%

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Average Base Salary

Core compensation

 
 
 
44620
58659
51253

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
44653
58765
51331
These charts show 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. The base salary for Payment Recovery Specialist ranges from $44,620 to $58,659 with the average base salary of $51,253. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $44,653 to $58,765 with the average total cash compensation of $51,331.
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44620
58659

 

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

Salary estimation for Payment Recovery Specialist at companies like : BRIGHT HORIZONS FAMILY SOLTN, FONAR CORP, QUORUM HEALTH CORP

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