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Hospital insurance representative vs contractor/consultant

The differences between hospital insurance representatives and contractor/consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a contractor/consultant has an average salary of $84,811, 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 contractor/consultant are healthcare, post implementation, and data analysis.

Hospital insurance representative vs contractor/consultant overview

Hospital Insurance RepresentativeContractor/Consultant
Yearly salary$31,416$84,811
Hourly rate$15.10$40.77
Growth rate-4%11%
Number of jobs39,94864,573
Job satisfaction-5
Most common degreeBachelor's Degree, 36%Bachelor's Degree, 64%
Average age4444
Years of experience--

Hospital insurance representative vs contractor/consultant salary

Hospital insurance representatives and contractor/consultants have different pay scales, as shown below.

Hospital Insurance RepresentativeContractor/Consultant
Average salary$31,416$84,811
Salary rangeBetween $24,000 And $40,000Between $58,000 And $123,000
Highest paying City-Boston, MA
Highest paying state-New Jersey
Best paying company-Cerner
Best paying industry-Technology

Differences between hospital insurance representative and contractor/consultant education

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

Hospital Insurance RepresentativeContractor/Consultant
Most common degreeBachelor's Degree, 36%Bachelor's Degree, 64%
Most common majorHealth Care AdministrationBusiness
Most common collegeDuke UniversityWestern Carolina University

Hospital insurance representative vs contractor/consultant demographics

Here are the differences between hospital insurance representatives' and contractor/consultants' demographics:

Hospital Insurance RepresentativeContractor/Consultant
Average age4444
Gender ratioMale, 15.4% Female, 84.6%Male, 66.2% Female, 33.8%
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 contractor/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.

Contractor/consultant example responsibilities.

  • Manage design and development of cloud-base billing application for streamlining payroll and invoicing, as well as offering real-time business analytics.
  • Assist PMO in defining project scope, task and budget, collaborating closely with developers.
  • Bill and provide appropriate documentation to submit reimbursement for services to appropriate insurance to include Medicaid, Medicare, etc.
  • Motivate and ensure SME team member engagement in projects.
  • Provide Linux server setup, documentation, and internal support.
  • Develop and implement SQL store procedures and DTS packages to process client billing data.
  • Show more

Hospital insurance representative vs contractor/consultant skills

Common hospital insurance representative skills
  • HMO, 32%
  • Medical Terminology, 24%
  • EOB, 22%
  • CPT, 22%
Common contractor/consultant skills
  • Healthcare, 30%
  • Post Implementation, 25%
  • Data Analysis, 7%
  • Project Management, 5%
  • Financial Statements, 3%
  • Medicaid, 3%

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