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Claims vice president vs senior claims processor

The differences between claims vice presidents and senior claims processors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a claims vice president, becoming a senior claims processor takes usually requires 2-4 years. Additionally, a claims vice president has an average salary of $93,687, which is higher than the $44,873 average annual salary of a senior claims processor.

The top three skills for a claims vice president include litigation, claims handling and claims operations. The most important skills for a senior claims processor are customer service, process claims, and SR.

Claims vice president vs senior claims processor overview

Claims Vice PresidentSenior Claims Processor
Yearly salary$93,687$44,873
Hourly rate$45.04$21.57
Growth rate-6%-3%
Number of jobs39,65214,768
Job satisfaction--
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 37%
Average age4444
Years of experience64

Claims vice president vs senior claims processor salary

Claims vice presidents and senior claims processors have different pay scales, as shown below.

Claims Vice PresidentSenior Claims Processor
Average salary$93,687$44,873
Salary rangeBetween $55,000 And $158,000Between $30,000 And $65,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between claims vice president and senior claims processor education

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

Claims Vice PresidentSenior Claims Processor
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 37%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Claims vice president vs senior claims processor demographics

Here are the differences between claims vice presidents' and senior claims processors' demographics:

Claims Vice PresidentSenior Claims Processor
Average age4444
Gender ratioMale, 77.3% Female, 22.7%Male, 16.3% Female, 83.7%
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, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5%
LGBT Percentage10%11%

Differences between claims vice president and senior claims processor 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

Senior claims processor example responsibilities.

  • Manage confidential medical records and directs them to the appropriate practitioners while ensuring HIPPA regulations are maintain.
  • Investigate, manage, negotiate and resolve claims arising out of accidents involving automobile and homeowner policies.
  • Process CalPERS HMO facility claims.
  • Experience with HMO's, IPA's and insurance authorizations.
  • Handle confidential information according to new laws (HIPPA).
  • Review ICD-9 diagnosis codes against CPT codes for claim payment guidelines.
  • Show more

Claims vice president vs senior claims processor skills

Common claims vice president skills
  • Litigation, 15%
  • Claims Handling, 13%
  • Claims Operations, 10%
  • Oversight, 8%
  • Direct Reports, 6%
  • Coverage Issues, 5%
Common senior claims processor skills
  • Customer Service, 16%
  • Process Claims, 8%
  • SR, 6%
  • Medical Terminology, 5%
  • Appeals, 5%
  • CMS, 5%

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