Billing consultant vs insurance clerk

The differences between billing consultants and insurance clerks can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a billing consultant, becoming an insurance clerk takes usually requires 2-4 years. Additionally, a billing consultant has an average salary of $94,948, which is higher than the $33,089 average annual salary of an insurance clerk.

The top three skills for a billing consultant include patients, medicaid and billing procedures. The most important skills for an insurance clerk are patients, insurance verification, and data entry.

Billing consultant vs insurance clerk overview

	Billing Consultant	Insurance Clerk
Yearly salary	$94,948	$33,089
Hourly rate	$45.65	$15.91
Growth rate	-3%	-3%
Number of jobs	25,943	147,755
Job satisfaction	-	2
Most common degree	Bachelor's Degree, 47%	High School Diploma, 29%
Average age	46	44
Years of experience	2	4

Billing consultant vs insurance clerk salary

Billing consultants and insurance clerks have different pay scales, as shown below.

	Billing Consultant	Insurance Clerk
Average salary	$94,948	$33,089
Salary range	Between $75,000 And $119,000	Between $27,000 And $39,000
Highest paying City	Washington, DC	Henderson, NV
Highest paying state	Maryland	New Hampshire
Best paying company	Slalom	Lenoir Memorial Hospital
Best paying industry	Finance	Finance

Differences between billing consultant and insurance clerk education

There are a few differences between a billing consultant and an insurance clerk in terms of educational background:

	Billing Consultant	Insurance Clerk
Most common degree	Bachelor's Degree, 47%	High School Diploma, 29%
Most common major	Business	Business
Most common college	Stanford University	-

Billing consultant vs insurance clerk demographics

Here are the differences between billing consultants' and insurance clerks' demographics:

	Billing Consultant	Insurance Clerk
Average age	46	44
Gender ratio	Male, 24.9% Female, 75.1%	Male, 8.3% Female, 91.7%
Race ratio	Black or African American, 12.0% Unknown, 4.4% Hispanic or Latino, 18.4% Asian, 7.7% White, 56.7% American Indian and Alaska Native, 0.9%	Black or African American, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	11%

Differences between billing consultant and insurance clerk duties and responsibilities

Billing consultant example responsibilities.

Manage software programs for MSP accounts, monthly billing and EMC file transfers to Medicare.
Register incoming patients, verify demographics as well as insurance verification.
Research and determine the viability of collections on all Medicaid accounts receivables.
Audit EMR system and correct ICD-9 coding errors.
Review EOB's, and apply payments to the patient's accounts, making applicable adjustments.
Contact insurance carrier directly, review eob's, reviewing medical records, denials, write appeals.

Insurance clerk example responsibilities.

Manage front office check-in, insurance verification and certifications from doctors.
Establish and implement procedures for completion of patient super bills with proper diagnostic coding utilizing ICD-9 and CPT code manuals.
Maintain patient medical records insuring diagnosis codes (ICD-9) are itemized correctly and name and address of insurance carriers record.
Schedule and obtain authorization for outpatient procedures for patients via private insurance, worker's compensation, and Medicare/ Medicaid.
Complete several ICD-10 training courses.
Perform medical coding with most accurate and descriptive HCPCS code.

Billing consultant vs insurance clerk skills

Common billing consultant skills

Patients, 13%
Medicaid, 10%
Billing Procedures, 8%
Medical Claims, 5%
Patient Accounts, 4%
Medical Billing Software, 3%

Common insurance clerk skills

Patients, 25%
Insurance Verification, 7%
Data Entry, 7%
Customer Service, 6%
Insurance Coverage, 5%
Computer System, 3%