Billing consultant vs medical billing and coding externship

The differences between billing consultants and medical billing and coding externships can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a billing consultant and a medical billing and coding externship. Additionally, a billing consultant has an average salary of $94,948, which is higher than the $36,112 average annual salary of a medical billing and coding externship.

The top three skills for a billing consultant include patients, medicaid and billing procedures. The most important skills for a medical billing and coding externship are patients, insurance eligibility, and data entry.

Billing consultant vs medical billing and coding externship overview

	Billing Consultant	Medical Billing And Coding Externship
Yearly salary	$94,948	$36,112
Hourly rate	$45.65	$17.36
Growth rate	-3%	-3%
Number of jobs	25,943	98,089
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 47%	Diploma, 43%
Average age	46	46
Years of experience	2	2

Billing consultant vs medical billing and coding externship salary

Billing consultants and medical billing and coding externships have different pay scales, as shown below.

	Billing Consultant	Medical Billing And Coding Externship
Average salary	$94,948	$36,112
Salary range	Between $75,000 And $119,000	Between $30,000 And $42,000
Highest paying City	Washington, DC	-
Highest paying state	Maryland	-
Best paying company	Slalom	-
Best paying industry	Finance	-

Differences between billing consultant and medical billing and coding externship education

There are a few differences between a billing consultant and a medical billing and coding externship in terms of educational background:

	Billing Consultant	Medical Billing And Coding Externship
Most common degree	Bachelor's Degree, 47%	Diploma, 43%
Most common major	Business	Health Care Administration
Most common college	Stanford University	Boston University

Billing consultant vs medical billing and coding externship demographics

Here are the differences between billing consultants' and medical billing and coding externships' demographics:

	Billing Consultant	Medical Billing And Coding Externship
Average age	46	46
Gender ratio	Male, 24.9% Female, 75.1%	Male, 11.8% Female, 88.2%
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, 10.6% Unknown, 4.3% Hispanic or Latino, 21.8% Asian, 6.8% White, 55.7% American Indian and Alaska Native, 0.8%
LGBT Percentage	7%	7%

Differences between billing consultant and medical billing and coding externship 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.

Medical billing and coding externship example responsibilities.

Manage chart completion (ICD-9-CM and CPT coding/abstracting), chart assembly and analysis, patient admission and patient information privacy/security.
Verify correct ICD-10 and CPT codes for a variety of specialties.
Review physicians' appointment notes to determine appropriate ICD-9 and HCPCS code for the medical service render.
Identify and code the principal diagnosis and procedures using ICD-9-CM and CPT-4 codes to each patient's medical records
Perform billing and collection procedures, utilize CPT-4 and ICD-9 coding, insurance claim preparation, processing and follow-ups.
Resolve and research of insurance denials, rejections, providing correction of claims, involving CPT and HCPCS codes.

Billing consultant vs medical billing and coding externship skills

Common billing consultant skills

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

Common medical billing and coding externship skills

Patients, 23%
Insurance Eligibility, 6%
Data Entry, 5%
EOB, 5%
Insurance Verification, 4%
CPT-4, 3%

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Billing Consultant vs Medical Billing And Coding Externship

Updated January 8, 2025

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