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Claim processing specialist vs retention specialist

The differences between claim processing specialists and retention specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a claim processing specialist and a retention specialist. Additionally, a retention specialist has an average salary of $37,175, which is higher than the $34,436 average annual salary of a claim processing specialist.

The top three skills for a claim processing specialist include data entry, process claims and insurance claims. The most important skills for a retention specialist are customer service, outbound calls, and powerpoint.

Claim processing specialist vs retention specialist overview

Claim Processing SpecialistRetention Specialist
Yearly salary$34,436$37,175
Hourly rate$16.56$17.87
Growth rate-4%-4%
Number of jobs55,392199,631
Job satisfaction--
Most common degreeBachelor's Degree, 40%Bachelor's Degree, 40%
Average age4040
Years of experience1212

Claim processing specialist vs retention specialist salary

Claim processing specialists and retention specialists have different pay scales, as shown below.

Claim Processing SpecialistRetention Specialist
Average salary$34,436$37,175
Salary rangeBetween $27,000 And $43,000Between $28,000 And $48,000
Highest paying City-Los Angeles, CA
Highest paying state-California
Best paying company-Adobe
Best paying industry-Finance

Differences between claim processing specialist and retention specialist education

There are a few differences between a claim processing specialist and a retention specialist in terms of educational background:

Claim Processing SpecialistRetention Specialist
Most common degreeBachelor's Degree, 40%Bachelor's Degree, 40%
Most common majorBusinessBusiness
Most common college--

Claim processing specialist vs retention specialist demographics

Here are the differences between claim processing specialists' and retention specialists' demographics:

Claim Processing SpecialistRetention Specialist
Average age4040
Gender ratioMale, 20.3% Female, 79.7%Male, 37.0% Female, 63.0%
Race ratioBlack or African American, 11.5% Unknown, 5.0% Hispanic or Latino, 17.6% Asian, 7.5% White, 57.9% American Indian and Alaska Native, 0.6%Black or African American, 11.4% Unknown, 5.3% Hispanic or Latino, 20.6% Asian, 6.0% White, 55.9% American Indian and Alaska Native, 0.7%
LGBT Percentage7%7%

Differences between claim processing specialist and retention specialist duties and responsibilities

Claim processing specialist example responsibilities.

  • Manage expedition of appeals via problem solving and collaboration with other departments.
  • Provide consumer-oriented health benefit plans, process all types of health claims knowledgeable of ICD-9 and CPT codes.
  • Process medical claims for Medicaid recipients via a state-fund Medicaid insurance carrier per plan guidelines and department procedures.
  • Ensure all work processes are compliant with various HIPAA regulations.
  • Train on how to utilize reference materials to determine diagnosis, CPT, or appropriate HCPCS codes for claims processing.
  • Provide speeches, educational information to various veterans organizations.
  • Show more

Retention specialist example responsibilities.

  • Save customer relationship by managing and exceeding TWC goals.
  • Prepare proposals and analysis for county Medicaid facilitators to educate regarding available manage care programs.
  • Increase revenue through up-selling and cross-selling video, HSI, wireless, and telephony services to existing customers.
  • Provide advance troubleshooting of wireless broadband, IP services, PC's, wireless routers.
  • Process payments via CSG and ICOMS.
  • Provide rep support, assist with account flow, escalation, reschedule, expedites, construction/survey.
  • Show more

Claim processing specialist vs retention specialist skills

Common claim processing specialist skills
  • Data Entry, 12%
  • Process Claims, 10%
  • Insurance Claims, 7%
  • Inbound Calls, 6%
  • CPT, 5%
  • Medicaid, 5%
Common retention specialist skills
  • Customer Service, 26%
  • Outbound Calls, 11%
  • PowerPoint, 5%
  • Customer Satisfaction, 5%
  • Customer Accounts, 4%
  • Billing Issues, 3%

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