Payment Recovery Specialist Salary in the United States

Payment Recovery Specialist Salary

How much does a Payment Recovery Specialist make in the United States? The average Payment Recovery Specialist salary in the United States is $55,148 as of September 25, 2023, but the range typically falls between $48,018 and $63,114. 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. 

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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Payment Recovery Specialist Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Payment Recovery Specialist Salary $41,527 US September 25, 2023
25th Percentile Payment Recovery Specialist Salary $48,018 US September 25, 2023
50th Percentile Payment Recovery Specialist Salary $55,148 US September 25, 2023
75th Percentile Payment Recovery Specialist Salary $63,114 US September 25, 2023
90th Percentile Payment Recovery Specialist Salary $70,367 US September 25, 2023
25% $48,018 10% $41,527 90% $70,367 75% $63,114 $55,148 50%(Median) Didn’t find job title? Click
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Contract Closeout Specialist (Top Secret/SCI Required)

One Federal Solution Corp - Springfield, VA

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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 2022
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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 compensation opportunity for a Payment Recovery Specialist, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
48018
63114
55148

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
48055
63226
55234
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 $48,018 to $63,114 with the average base salary of $55,148. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $48,055 to $63,226 with the average total cash compensation of $55,234.
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48018
63114

 

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

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