Compensation adjuster vs claims analyst

The differences between compensation adjusters and claims analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a compensation adjuster, becoming a claims analyst takes usually requires 4-6 years. Additionally, a compensation adjuster has an average salary of $59,246, which is higher than the $48,398 average annual salary of a claims analyst.

The top three skills for a compensation adjuster include litigation, workers compensation claims and medical treatment. The most important skills for a claims analyst are customer service, medical terminology, and CPT.

Compensation adjuster vs claims analyst overview

	Compensation Adjuster	Claims Analyst
Yearly salary	$59,246	$48,398
Hourly rate	$28.48	$23.27
Growth rate	-6%	-6%
Number of jobs	15,062	22,062
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 52%
Average age	44	44
Years of experience	4	6

Compensation adjuster vs claims analyst salary

Compensation adjusters and claims analysts have different pay scales, as shown below.

	Compensation Adjuster	Claims Analyst
Average salary	$59,246	$48,398
Salary range	Between $39,000 And $89,000	Between $29,000 And $78,000
Highest paying City	-	Trenton, NJ
Highest paying state	-	New Jersey
Best paying company	-	Google
Best paying industry	-	-

Differences between compensation adjuster and claims analyst education

There are a few differences between a compensation adjuster and a claims analyst in terms of educational background:

	Compensation Adjuster	Claims Analyst
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 52%
Most common major	Business	Business
Most common college	Stanford University	Stanford University

Compensation adjuster vs claims analyst demographics

Here are the differences between compensation adjusters' and claims analysts' demographics:

	Compensation Adjuster	Claims Analyst
Average age	44	44
Gender ratio	Male, 23.6% Female, 76.4%	Male, 27.6% Female, 72.4%
Race ratio	Black or African American, 12.1% Unknown, 4.4% Hispanic or Latino, 16.5% Asian, 5.1% White, 61.4% American Indian and Alaska Native, 0.5%	Black or African American, 11.3% Unknown, 4.4% Hispanic or Latino, 16.4% Asian, 5.1% White, 62.3% American Indian and Alaska Native, 0.5%
LGBT Percentage	10%	10%

Differences between compensation adjuster and claims analyst duties and responsibilities

Compensation adjuster example responsibilities.

Manage litigation claims including mediation and arbitration from inception to close.
Apply strong customer service, organizational and multitasking skills to efficiently manage auto insurance claims.
Compile and validate information relay to legal department for litigation arising from medical claims.
Research and review delinquent mortgage cases, financial scenarios and individual homeowner situations to develop solutions compliant with investor policy.
Close files once MMI and/or settlement reach
Input new CPT codes into system as changed by HIPPA law regulations.

Claims analyst example responsibilities.

Help managed meetings regarding decision making on CMS regulations.
Process UB's and HCFA's according to guidelines.
Analyze and investigate medical claims utilizing ICD-9 and CPT-4 coding.
Review claims (HCFA and UB) for accurate billing submission.
Interpret medical reports to apply appropriate ICD-9, CPT-4 and HCPCS codes for member submit claims.
Acquire biometrics and perform phlebotomy.

Compensation adjuster vs claims analyst skills

Common compensation adjuster skills

Litigation, 16%
Workers Compensation Claims, 11%
Medical Treatment, 7%
Medical Terminology, 7%
Disability Claims, 5%
Medical Bills, 5%

Common claims analyst skills

Customer Service, 14%
Medical Terminology, 5%
CPT, 5%
Process Claims, 5%
Medicaid, 5%
Data Entry, 5%