Utilization Review Specialist salary in Iceland

Average Yearly Salary of Utilization Review Specialist in Iceland is approximately 7,607,521 ISK (53,227 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Utilization Review Specialist do?

A utilization review specialist is responsible for evaluating and analyzing medical records, treatment plans, and insurance claims to ensure that healthcare services provided to patients are medically necessary, cost-effective, and in compliance with regulations and policies. They collaborate with healthcare professionals, insurance companies, and patients to determine the appropriate level of care, length of stay, and treatment options. Utilization review specialists also assess the quality and efficiency of healthcare services and make recommendations for improvement.

Skills: Utilization review, Medical records analysis, Insurance claims, Healthcare compliance, Cost-effective care, Treatment planning
Job industry: Healthcare

How much does Utilization Review Specialist make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Utilization Review Specialist a well paid job?

Yes, our data show that Utilization Review Specialist is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Utilization Review Specialist?

High salary for Utilization Review Specialist would be somewhere between 8,368,273 ISK and 11,030,905 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Utilization Review Specialist in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 7,607,521 ISK
Estimated Monthly Salary: 633,960 ISK
Estimated Weekly Salary: 146,298 ISK per week
Estimated Hourly Salary: 3,657 ISK per hour
By working as Utilization Review Specialist a person can save up to 1,707 USD per month or 20,481 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Utilization Review Specialist

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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