Post job

Compensation analyst vs provider enrollment specialist

The differences between compensation analysts and provider enrollment 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 compensation analyst and a provider enrollment specialist. Additionally, a compensation analyst has an average salary of $66,487, which is higher than the $39,494 average annual salary of a provider enrollment specialist.

The top three skills for a compensation analyst include HR, compensation programs and HRIS. The most important skills for a provider enrollment specialist are data entry, patients, and CAQH.

Compensation analyst vs provider enrollment specialist overview

Compensation AnalystProvider Enrollment Specialist
Yearly salary$66,487$39,494
Hourly rate$31.96$18.99
Growth rate7%7%
Number of jobs19,34442,271
Job satisfaction5-
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 46%
Average age4545
Years of experience66

What does a compensation analyst do?

Compensation analysts are responsible for managing company compensation programs by evaluating and analyzing employees' salaries, assist the planning and development of a new and modified sales compensation plan, as well as managing sales compensation short-term incentive programs. The compensation programs are used to improve hiring and boost employee retention. These analysts are skilled and knowledgeable about managing labor costs, benefits structures, and compensation analysis to determine if the employees are fairly compensated.

What does a provider enrollment specialist do?

A provider enrollment specialist is in charge of handling application procedures in a company or facility. Their responsibilities typically revolve around gathering information, reviewing and verifying requirements, processing applications, and liaising with clients. They may also maintain and update databases, assist during complicated procedures, and ensure that all requirements are complete and accurate. Furthermore, as a provider enrollment specialist, it is essential to discuss terms and conditions to clients, helping them understand the company's policies and regulations, including its vision and mission.

Compensation analyst vs provider enrollment specialist salary

Compensation analysts and provider enrollment specialists have different pay scales, as shown below.

Compensation AnalystProvider Enrollment Specialist
Average salary$66,487$39,494
Salary rangeBetween $48,000 And $90,000Between $28,000 And $54,000
Highest paying CitySacramento, CAOakland, CA
Highest paying stateWashingtonAlaska
Best paying companyMetaMcKinsey & Company Inc
Best paying industryTechnologyTechnology

Differences between compensation analyst and provider enrollment specialist education

There are a few differences between a compensation analyst and a provider enrollment specialist in terms of educational background:

Compensation AnalystProvider Enrollment Specialist
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 46%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Compensation analyst vs provider enrollment specialist demographics

Here are the differences between compensation analysts' and provider enrollment specialists' demographics:

Compensation AnalystProvider Enrollment Specialist
Average age4545
Gender ratioMale, 36.2% Female, 63.8%Male, 19.6% Female, 80.4%
Race ratioBlack or African American, 10.5% Unknown, 3.9% Hispanic or Latino, 15.0% Asian, 7.7% White, 62.3% American Indian and Alaska Native, 0.5%Black or African American, 12.5% Unknown, 3.6% Hispanic or Latino, 15.6% Asian, 7.5% White, 60.4% American Indian and Alaska Native, 0.3%
LGBT Percentage9%9%

Differences between compensation analyst and provider enrollment specialist duties and responsibilities

Compensation analyst example responsibilities.

  • Manage vendor relationships with fiscal oversight, and ongoing cost management.
  • Manage long-term incentive plan administration including SARP and stock option granting programs (LTI).
  • Create and manage communication materials via PowerPoint publish to sales organization.
  • Report and manage company healthcare budget and direct all vendor relationships.
  • Manage special projects, develop senior level presentations and handle communications on behalf of SVP
  • Provide oversight of sales compensation short-term incentive programs.
  • Show more

Provider enrollment specialist example responsibilities.

  • Manage federal and state-mandate physician credentialing activities; act as NCQA committee liaison.
  • Provide enrollment counseling to eligible recipients about Medicaid manage care and promote their voluntary enrollment into an HMO.
  • Review provider enrollment applications to ensure the credentials and licenses meet all requirements for participation in the Medicare program.
  • Verify provider is eligible to participate in Medicare according to CMS guidelines.
  • Verify claim information using ICD-9 and medical terminology and CHAMPUS/ TRICARE guidelines .!
  • Complete require forms and application for changes or updates in billing systems including EFT and or notification of Athena.
  • Show more

Compensation analyst vs provider enrollment specialist skills

Common compensation analyst skills
  • HR, 12%
  • Compensation Programs, 7%
  • HRIS, 6%
  • PowerPoint, 5%
  • Data Analysis, 5%
  • Customer Service, 4%
Common provider enrollment specialist skills
  • Data Entry, 12%
  • Patients, 12%
  • CAQH, 9%
  • Medicare, 7%
  • Medicaid, 7%
  • Provider Enrollment Applications, 6%

Browse business and financial jobs