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Insurance specialist vs patient service specialist

The differences between insurance specialists and patient service specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an insurance specialist and a patient service specialist. Additionally, an insurance specialist has an average salary of $34,281, which is higher than the $33,563 average annual salary of a patient service specialist.

The top three skills for an insurance specialist include patients, customer service and insurance coverage. The most important skills for a patient service specialist are patients, patient service, and physical therapy.

Insurance specialist vs patient service specialist overview

Insurance SpecialistPatient Service Specialist
Yearly salary$34,281$33,563
Hourly rate$16.48$16.14
Growth rate-3%-4%
Number of jobs98,595105,915
Job satisfaction--
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 36%
Average age4440
Years of experience44

What does an insurance specialist do?

An insurance specialist is an individual responsible for interpreting insurance plans and providing risk management advice to clients and wealth managers. Insurance specialists must have a full understanding of risk management to craft a comprehensive solution that integrates well with the client's portfolio. They need to manage their clients' accounts and should maintain contact with clients after the application process. Insurance specialists must ensure that government insurance programs comply with federal laws, regulations, and contracts within the healthcare industry.

What does a patient service specialist do?

A patient service representative serves as a patient's primary point of contact in a hospital or clinic, ensuring accuracy and customer satisfaction. They are mainly responsible for gathering a patient's information and medical history, verifying insurance forms, managing accounts, and processing payments, arranging appointments, and even performing reminder calls and correspondence. There are also instances when a patient service representative must discuss situations to patients and their families, and even alert the doctors when a patient displays strange or unlikely behavior.

Insurance specialist vs patient service specialist salary

Insurance specialists and patient service specialists have different pay scales, as shown below.

Insurance SpecialistPatient Service Specialist
Average salary$34,281$33,563
Salary rangeBetween $27,000 And $42,000Between $27,000 And $40,000
Highest paying CityNew York, NYSpringfield, MA
Highest paying stateNew HampshireMassachusetts
Best paying companyDeloitteVirginia Eye Institute
Best paying industryGovernmentHealth Care

Differences between insurance specialist and patient service specialist education

There are a few differences between an insurance specialist and a patient service specialist in terms of educational background:

Insurance SpecialistPatient Service Specialist
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 36%
Most common majorBusinessBusiness
Most common college-University of Pennsylvania

Insurance specialist vs patient service specialist demographics

Here are the differences between insurance specialists' and patient service specialists' demographics:

Insurance SpecialistPatient Service Specialist
Average age4440
Gender ratioMale, 22.1% Female, 77.9%Male, 12.5% Female, 87.5%
Race ratioBlack or African American, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5%Black or African American, 12.0% Unknown, 5.1% Hispanic or Latino, 21.9% Asian, 6.4% White, 54.0% American Indian and Alaska Native, 0.6%
LGBT Percentage11%7%

Differences between insurance specialist and patient service specialist duties and responsibilities

Insurance specialist example responsibilities.

  • Manage database by processing renewals and endorsements.
  • Maintain confidentiality and adhere HIPPA guidelines with handling patients' information
  • Make recommendations on operationalization and oversight of specific marketplace enrollment policies.
  • Verify various health insurance plan benefit information and eligibility for patients with chronic illnesses.
  • Identify third party patient eligibility for Medicaid, Medicare, private insurance and alternate resources.
  • Enter and prepare advanced beneficiary notices base on diagnosis and procedure codes for Medicare cover patients.
  • Show more

Patient service specialist example responsibilities.

  • Benefit coverage eligibility or concerns for patients will be complete timely to achieve identify outcomes or solutions.
  • Greet patients and visitors with warmth, compassion, and demonstrate commitment to exceptional service.
  • Provide customer service to patients via registration, co-pay and co-insurance payment collection, appointment scheduling and telephone service
  • Obtain patient demographic, billing, insurance, and other necessary intake information for patients seeking rehabilitation services.
  • Screen, triage, register and verify a high volume of client eligibility and demographic data.
  • Direct callers to appropriate personnel, and initiate a triage slip for response by medical personnel.
  • Show more

Insurance specialist vs patient service specialist skills

Common insurance specialist skills
  • Patients, 18%
  • Customer Service, 11%
  • Insurance Coverage, 4%
  • Insurance Verification, 4%
  • Life Insurance, 4%
  • Data Entry, 4%
Common patient service specialist skills
  • Patients, 20%
  • Patient Service, 9%
  • Physical Therapy, 8%
  • Rehabilitation, 8%
  • Patient Appointments, 8%
  • Front Desk, 7%

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