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The differences between analysts and claims analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become an analyst, becoming a claims analyst takes usually requires 4-6 years. Additionally, an analyst has an average salary of $73,007, which is higher than the $48,398 average annual salary of a claims analyst.
The top three skills for an analyst include customer service, troubleshoot and data analysis. The most important skills for a claims analyst are customer service, medical terminology, and CPT.
| Analyst | Claims Analyst | |
| Yearly salary | $73,007 | $48,398 |
| Hourly rate | $35.10 | $23.27 |
| Growth rate | 11% | -6% |
| Number of jobs | 253,138 | 22,062 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 52% |
| Average age | 44 | 44 |
| Years of experience | 4 | 6 |
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
A claims analyst specializes in processing medical insurance claims. They are primarily responsible for verifying the authenticity and eligibility of claims, analyzing the billing, communicating with policyholders, and ensuring adherence to all the policies and regulations during the entire procedure. Furthermore, a claims analyst is also in charge of administrative tasks such as keeping and updating records, reaching out and sending reports to creditors, setting appointments and schedules, processing paperwork, coordinating with key personnel, and discussing terms and necessary information to clients.
Analysts and claims analysts have different pay scales, as shown below.
| Analyst | Claims Analyst | |
| Average salary | $73,007 | $48,398 |
| Salary range | Between $53,000 And $99,000 | Between $29,000 And $78,000 |
| Highest paying City | Jersey City, NJ | Trenton, NJ |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | The Citadel | |
| Best paying industry | Technology | - |
There are a few differences between an analyst and a claims analyst in terms of educational background:
| Analyst | Claims Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 52% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Stanford University |
Here are the differences between analysts' and claims analysts' demographics:
| Analyst | Claims Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 52.4% Female, 47.6% | Male, 27.6% Female, 72.4% |
| Race ratio | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% | Black or African American, 11.3% Unknown, 4.4% Hispanic or Latino, 16.4% Asian, 5.1% White, 62.3% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 12% | 10% |