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Claims vice president vs claims benefit specialist

The differences between claims vice presidents and claims benefit specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a claims vice president and a claims benefit specialist. Additionally, a claims vice president has an average salary of $93,687, which is higher than the $47,292 average annual salary of a claims benefit specialist.

The top three skills for a claims vice president include litigation, claims handling and claims operations. The most important skills for a claims benefit specialist are customer inquiries, appeals, and medical terminology.

Claims vice president vs claims benefit specialist overview

Claims Vice PresidentClaims Benefit Specialist
Yearly salary$93,687$47,292
Hourly rate$45.04$22.74
Growth rate-6%-6%
Number of jobs39,65232,208
Job satisfaction--
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 40%
Average age4444
Years of experience66

Claims vice president vs claims benefit specialist salary

Claims vice presidents and claims benefit specialists have different pay scales, as shown below.

Claims Vice PresidentClaims Benefit Specialist
Average salary$93,687$47,292
Salary rangeBetween $55,000 And $158,000Between $32,000 And $68,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between claims vice president and claims benefit specialist education

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

Claims Vice PresidentClaims Benefit Specialist
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 40%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Claims vice president vs claims benefit specialist demographics

Here are the differences between claims vice presidents' and claims benefit specialists' demographics:

Claims Vice PresidentClaims Benefit Specialist
Average age4444
Gender ratioMale, 77.3% Female, 22.7%Male, 19.6% Female, 80.4%
Race ratioBlack 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%Black or African American, 11.4% Unknown, 4.4% Hispanic or Latino, 16.9% Asian, 5.2% White, 61.6% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between claims vice president and claims benefit specialist duties and responsibilities

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

Claims benefit specialist example responsibilities.

  • Analyze, process and manage FMLA claims to determine eligibility and certification in compliance with state and federal regulations.
  • Establish a working knowledge of CPT, ICD-9, HCPCS codes, terminology, member benefits and claim flow.
  • Process claims utilizing appropriate ICD-9, DSM-IV and HCPCS codes.
  • Analyze each claim and calculate percentages for both PPO and NON-PPO providers.
  • Understand CPT, HCPCS, ICD-9-CM and ICD-10-CM medical claims coding regulations and guidelines
  • Process Non-HMO and PPO paper and electronic claims in an accurate and time manner.
  • Show more

Claims vice president vs claims benefit specialist skills

Common claims vice president skills
  • Litigation, 15%
  • Claims Handling, 13%
  • Claims Operations, 10%
  • Oversight, 8%
  • Direct Reports, 6%
  • Coverage Issues, 5%
Common claims benefit specialist skills
  • Customer Inquiries, 11%
  • Appeals, 7%
  • Medical Terminology, 6%
  • Routine Claims, 5%
  • CPT, 4%
  • Processing Issues, 4%

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