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Hospital insurance representative vs business development consultant

The differences between hospital insurance representatives and business development consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business development consultant has an average salary of $85,153, which is higher than the $31,416 average annual salary of a hospital insurance representative.

The top three skills for a hospital insurance representative include HMO, medical terminology and EOB. The most important skills for a business development consultant are healthcare, CRM, and cloud.

Hospital insurance representative vs business development consultant overview

Hospital Insurance RepresentativeBusiness Development Consultant
Yearly salary$31,416$85,153
Hourly rate$15.10$40.94
Growth rate-4%6%
Number of jobs39,948168,111
Job satisfaction-5
Most common degreeBachelor's Degree, 36%Bachelor's Degree, 72%
Average age4444
Years of experience--

Hospital insurance representative vs business development consultant salary

Hospital insurance representatives and business development consultants have different pay scales, as shown below.

Hospital Insurance RepresentativeBusiness Development Consultant
Average salary$31,416$85,153
Salary rangeBetween $24,000 And $40,000Between $52,000 And $137,000
Highest paying City-Minneapolis, MN
Highest paying state-Pennsylvania
Best paying company-Veeva Systems
Best paying industry-Media

Differences between hospital insurance representative and business development consultant education

There are a few differences between a hospital insurance representative and a business development consultant in terms of educational background:

Hospital Insurance RepresentativeBusiness Development Consultant
Most common degreeBachelor's Degree, 36%Bachelor's Degree, 72%
Most common majorHealth Care AdministrationBusiness
Most common collegeDuke UniversityWestern Carolina University

Hospital insurance representative vs business development consultant demographics

Here are the differences between hospital insurance representatives' and business development consultants' demographics:

Hospital Insurance RepresentativeBusiness Development Consultant
Average age4444
Gender ratioMale, 15.4% Female, 84.6%Male, 64.1% Female, 35.9%
Race ratioBlack or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%
LGBT Percentage11%11%

Differences between hospital insurance representative and business development consultant duties and responsibilities

Hospital insurance representative example responsibilities.

  • Cold-Cal to generate leads for individual life and disability insurance and annuities.
  • Verify that each CPT code are paid correctly and according to fee schedule for any overpayment or underpayment ..
  • Provide financial counseling for patients and their families by explaining financial policies and providing available resources for alternative payment.
  • Fill out refund form with copy of all relate EOB's when credit balances are find on account.
  • Serve as a resource/ advocate to all employees regarding claims problem resolution, benefits explanations and EOB issues.
  • Collect patient demographic & insurance information via telephone for outpatient surgery and radiology.

Business development consultant example responsibilities.

  • Manage and negotiate key vendor relationships including financial transaction processing, product marketing, advertising and collateral fulfillment to maximize ROI.
  • Improve customer retention and customer satisfaction by implementing a CRM system.
  • Work alongside CEO in developing and implementing a sales training program/protocols for new salespeople using a customize CRM
  • Connect business processes through its online payroll solution, integrate human resource information system and cloud computing services.
  • Conduct extensive research to identify healthcare provider clients and physician job candidates.
  • Arrange in-person meetings to referring primary care providers and other community healthcare organizations.
  • Show more

Hospital insurance representative vs business development consultant skills

Common hospital insurance representative skills
  • HMO, 32%
  • Medical Terminology, 24%
  • EOB, 22%
  • CPT, 22%
Common business development consultant skills
  • Healthcare, 13%
  • CRM, 9%
  • Cloud, 9%
  • Customer Satisfaction, 8%
  • Sales Training, 6%
  • Sales Pipeline, 5%

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