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Business associate vs business specialist

The differences between business associates and business specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business specialist has an average salary of $73,521, which is higher than the $72,369 average annual salary of a business associate.

The top three skills for a business associate include customer service, patients and powerpoint. The most important skills for a business specialist are patients, customer service, and product knowledge.

Business associate vs business specialist overview

Business AssociateBusiness Specialist
Yearly salary$72,369$73,521
Hourly rate$34.79$35.35
Growth rate-8%4%
Number of jobs60,88695,909
Job satisfaction--
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 65%
Average age4444
Years of experience--

What does a business associate do?

Business associates are individuals who perform certain roles and duties that involve safeguarding protected health information on behalf of a covered entity. They perform several duties that include handling and managing claims administration and processing, data processing and analysis, and ensuring quality assurance. In addition, business associates conduct market research and identify prospective clients, and develop and implement client retention plans and sales strategies. They are also responsible for identifying new business partners and opportunities.

What does a business specialist do?

A business specialist's role is to perform research and analysis to determine the company's strengths and weaknesses, aiming to improve and develop areas for optimal performance. Their responsibilities revolve around coordinating with different departments to gather relevant data, identifying new opportunities and ways to meet clients' needs, devising strategies and programs for profit growth, and developing new processes for business efficiency. Furthermore, it is essential to provide corrective measures on various issues and concerns, all while implementing the company's policies and regulations.

Business associate vs business specialist salary

Business associates and business specialists have different pay scales, as shown below.

Business AssociateBusiness Specialist
Average salary$72,369$73,521
Salary rangeBetween $46,000 And $111,000Between $44,000 And $120,000
Highest paying CitySan Francisco, CASeattle, WA
Highest paying stateCaliforniaWashington
Best paying companyThe CitadelBP America Inc
Best paying industryFinance-

Differences between business associate and business specialist education

There are a few differences between a business associate and a business specialist in terms of educational background:

Business AssociateBusiness Specialist
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityWestern Carolina University

Business associate vs business specialist demographics

Here are the differences between business associates' and business specialists' demographics:

Business AssociateBusiness Specialist
Average age4444
Gender ratioMale, 38.2% Female, 61.8%Male, 48.1% Female, 51.9%
Race ratioBlack or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%
LGBT Percentage11%11%

Differences between business associate and business specialist duties and responsibilities

Business associate example responsibilities.

  • Manage company's Facebook page and advertisements.
  • Develop, implement and manage commission payroll for all associates within the telemarketing department.
  • Market the company brand via Facebook and MailChimp.
  • Maintain medical APS from doctors on a timely basis.
  • Experience with diagnosis coding including ICD-9, CPT-4 and HCPCS codes.
  • Organize, update, and maintain company CRM database in preparation for flagship migration to larger corporate-wide CRM.
  • Show more

Business specialist example responsibilities.

  • Manage existing accounts while identifying new sources of opportunities for sales in the SME segment through cold calling and prospecting.
  • Schedule appointments for estimates for replacement windows, doors, bathroom remodels, gutter replacements, etc.
  • Contribute to product development and roll out of multiple insulation, foam, windows & siding products.
  • Analyze weekly POS data to identify product trends, additional sales opportunities, and drive sales to exceed budgets.
  • Observe strict confidentiality within HIPAA regulations.
  • Work with electronic medical records system uploading documents into patients files.
  • Show more

Business associate vs business specialist skills

Common business associate skills
  • Customer Service, 15%
  • Patients, 11%
  • PowerPoint, 6%
  • SQL, 4%
  • Data Analysis, 4%
  • Phone Calls, 4%
Common business specialist skills
  • Patients, 16%
  • Customer Service, 14%
  • Product Knowledge, 7%
  • Power Bi, 7%
  • Data Analysis, 4%
  • Treasury, 4%

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