Clerk analyst vs payment processor

The differences between clerks analyst and payment processors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a clerk analyst and a payment processor. Additionally, a clerk analyst has an average salary of $58,408, which is higher than the $34,030 average annual salary of a payment processor.

The top three skills for a clerk analyst include data entry, route correspondence and patient charts. The most important skills for a payment processor are customer service, patients, and data entry.

Clerk analyst vs payment processor overview

	Clerk Analyst	Payment Processor
Yearly salary	$58,408	$34,030
Hourly rate	$28.08	$16.36
Growth rate	-5%	-5%
Number of jobs	76,104	33,161
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 38%	Bachelor's Degree, 35%
Average age	51	51
Years of experience	6	6

Clerk analyst vs payment processor salary

Clerks analyst and payment processors have different pay scales, as shown below.

	Clerk Analyst	Payment Processor
Average salary	$58,408	$34,030
Salary range	Between $42,000 And $80,000	Between $27,000 And $42,000
Highest paying City	-	San Jose, CA
Highest paying state	-	Alaska
Best paying company	-	University of California, Berkeley
Best paying industry	-	Insurance

Differences between clerk analyst and payment processor education

There are a few differences between a clerk analyst and a payment processor in terms of educational background:

	Clerk Analyst	Payment Processor
Most common degree	Bachelor's Degree, 38%	Bachelor's Degree, 35%
Most common major	Business	Business
Most common college	SUNY at Binghamton	University of Pennsylvania

Clerk analyst vs payment processor demographics

Here are the differences between clerks analyst' and payment processors' demographics:

	Clerk Analyst	Payment Processor
Average age	51	51
Gender ratio	Male, 32.4% Female, 67.6%	Male, 21.5% Female, 78.5%
Race ratio	Black or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.2% Asian, 6.5% White, 68.0% American Indian and Alaska Native, 0.6%	Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.4% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between clerk analyst and payment processor duties and responsibilities

Clerk analyst example responsibilities.

Manage finance operations of assign USPS location.
Complete daily tally, communication logs, benefit updates, medical policy reviews and review policies and procedures using SharePoint applications.
Perform research on potentially suspicious transactions/activities through analysis of internal systems, AML databases and communication with bank personnel.

Payment processor example responsibilities.

Manage and review all incoming discounts and electronic contractual adjustments for accuracy per the negotiated Medicaid and Medicare contracts ;.
Maintain daily transactions for customer payments and various bank accounts using Quickbooks to track transactions.
Prepare and print all reports for EDI processing.
Maintain client customer confidentiality and HIPAA regulations with all data handling and transfers.
Uphold and reinforce compliance with hospital policies and federal regulations such as HIPAA.
Investigate and take corrective action regarding invoices reject by system or through EDI.

Clerk analyst vs payment processor skills

Common clerk analyst skills

Data Entry, 46%
Route Correspondence, 24%
Patient Charts, 20%
PowerPoint, 9%

Common payment processor skills

Customer Service, 15%
Patients, 10%
Data Entry, 10%
ACH, 8%
Phone Calls, 5%
Credit Card Payments, 4%