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Claim approver vs claims vice president

The differences between claim approvers and claims vice presidents can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a claim approver and a claims vice president. Additionally, a claims vice president has an average salary of $93,687, which is higher than the $44,986 average annual salary of a claim approver.

The top three skills for a claim approver include process claims, medical terminology and disability claims. The most important skills for a claims vice president are litigation, claims handling, and claims operations.

Claim approver vs claims vice president overview

Claim ApproverClaims Vice President
Yearly salary$44,986$93,687
Hourly rate$21.63$45.04
Growth rate-6%-6%
Number of jobs2,91839,652
Job satisfaction--
Most common degreeBachelor's Degree, 44%Bachelor's Degree, 68%
Average age4444
Years of experience66

Claim approver vs claims vice president salary

Claim approvers and claims vice presidents have different pay scales, as shown below.

Claim ApproverClaims Vice President
Average salary$44,986$93,687
Salary rangeBetween $31,000 And $63,000Between $55,000 And $158,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between claim approver and claims vice president education

There are a few differences between a claim approver and a claims vice president in terms of educational background:

Claim ApproverClaims Vice President
Most common degreeBachelor's Degree, 44%Bachelor's Degree, 68%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaStanford University

Claim approver vs claims vice president demographics

Here are the differences between claim approvers' and claims vice presidents' demographics:

Claim ApproverClaims Vice President
Average age4444
Gender ratioMale, 25.6% Female, 74.4%Male, 77.3% Female, 22.7%
Race ratioBlack or African American, 10.5% Unknown, 4.4% Hispanic or Latino, 16.3% Asian, 5.5% White, 62.8% American Indian and Alaska Native, 0.5%Black or African American, 11.3% Unknown, 4.4% Hispanic or Latino, 17.0% Asian, 5.3% White, 61.5% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between claim approver and claims vice president duties and responsibilities

Claim approver example responsibilities.

  • Manage confidential medical records and directs them to the appropriate practitioners while ensuring HIPPA regulations are maintain.
  • Train new hires on HMO claim processing.
  • Provide claim processing information for medical indemnity and PPO plans.
  • Present clinical management appeals for physician review and prepare provider resolution correspondence.
  • Submit appeals insurance follow-ups electronically, no fault, and workers compensation insurance.
  • Direct litigation in the areas of environmental liability, extra contractual claims, general liability, and medical malpractice.
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Claims vice president example responsibilities.

  • Retain and manage outside counsel; develop and coordinate strategy for litigation; participate in alternative dispute resolution and negotiate settlements.
  • Provide management oversight of client support at offices in Indiana, Kentucky and Ohio.
  • Provide vision, oversight and direction to claims and encounter processing and claims systems configuration.
  • Work with underwriting carrier to ensure that all TPA responsibilities are being handle according to the TPA guidelines.
  • Establish and direct internal and external performance standards and procedures for use with TPA's or general agents.
  • Negotiate claims litigation, including settling lawsuits via mediation strategies.
  • Show more

Claim approver vs claims vice president skills

Common claim approver skills
  • Process Claims, 24%
  • Medical Terminology, 23%
  • Disability Claims, 11%
  • Dental Claims, 9%
  • Data Entry, 5%
  • Insurance Claims, 4%
Common claims vice president skills
  • Litigation, 15%
  • Claims Handling, 13%
  • Claims Operations, 10%
  • Oversight, 8%
  • Direct Reports, 6%
  • Coverage Issues, 5%

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