Contract processor vs medical typist

The differences between contract processors and medical typists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a contract processor and a medical typist. Additionally, a contract processor has an average salary of $35,234, which is higher than the $30,231 average annual salary of a medical typist.

The top three skills for a contract processor include data entry, computer system and contract data. The most important skills for a medical typist are dictation, medical reports, and transcription.

Contract processor vs medical typist overview

	Contract Processor	Medical Typist
Yearly salary	$35,234	$30,231
Hourly rate	$16.94	$14.53
Growth rate	-3%	16%
Number of jobs	13,996	69,593
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 45%	Bachelor's Degree, 37%
Average age	50	50
Years of experience	12	12

Contract processor vs medical typist salary

Contract processors and medical typists have different pay scales, as shown below.

	Contract Processor	Medical Typist
Average salary	$35,234	$30,231
Salary range	Between $27,000 And $45,000	Between $24,000 And $37,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between contract processor and medical typist education

There are a few differences between a contract processor and a medical typist in terms of educational background:

	Contract Processor	Medical Typist
Most common degree	Bachelor's Degree, 45%	Bachelor's Degree, 37%
Most common major	Business	Business
Most common college	-	-

Contract processor vs medical typist demographics

Here are the differences between contract processors' and medical typists' demographics:

	Contract Processor	Medical Typist
Average age	50	50
Gender ratio	Male, 28.2% Female, 71.8%	Male, 6.5% Female, 93.5%
Race ratio	Black or African American, 6.7% Unknown, 4.5% Hispanic or Latino, 10.7% Asian, 4.7% White, 72.3% American Indian and Alaska Native, 1.1%	Black or African American, 6.7% Unknown, 4.5% Hispanic or Latino, 10.7% Asian, 4.7% White, 72.3% American Indian and Alaska Native, 1.1%
LGBT Percentage	7%	7%

Differences between contract processor and medical typist duties and responsibilities

Contract processor example responsibilities.

Coach fellow team members to help attain higher QA and assist with CANDE questions to ensure efficiency.
Process FHA, VA and CONV.
Process and pre-underwrite FHA and conventional loans.
Schedule closings and review final HUD report and any adverse compliance action.
Recognize for being proficient in thinking outside the box for satisfactory documentation to clear underwriting conditions and RESPA regulations.
Respond to mortgage lenders and taxing agency jurisdictions by utilizing effective verbal and written communication in a prompt and accurate manner.

Medical typist example responsibilities.

Adhere to OSHA guidelines while performing instrument sterilization in addition to managing medical inventory.
Serve as an executive member on departmental teams providing regulatory guidance and technical assistance on HIPAA privacy and security rules.
Conduct diagnostic testing, including abdominal, obstetrics/gynecology, small parts, and vascular procedures.

Contract processor vs medical typist skills

Common contract processor skills

Data Entry, 24%
Computer System, 14%
Contract Data, 9%
Process Contracts, 9%
Customer Issues, 7%
Financial Transactions, 6%

Common medical typist skills

Dictation, 37%
Medical Reports, 32%
Transcription, 31%

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Updated January 8, 2025

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