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Insurance specialist vs registration specialist

The differences between insurance specialists and registration 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 registration specialist. Additionally, an insurance specialist has an average salary of $34,281, which is higher than the $30,422 average annual salary of a registration specialist.

The top three skills for an insurance specialist include patients, customer service and insurance coverage. The most important skills for a registration specialist are patients, customer service, and medical terminology.

Insurance specialist vs registration specialist overview

Insurance SpecialistRegistration Specialist
Yearly salary$34,281$30,422
Hourly rate$16.48$14.63
Growth rate-3%-4%
Number of jobs98,59579,118
Job satisfaction--
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 38%
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 registration specialist do?

A registration specialist is responsible for managing patient information, including the verification of their insurance details and medical treatment schedules. Registration specialists assign admission rooms and processing payments for discharge. They also assist patients with the completion of medical forms by helping them fill-out papers with the most accurate information. A registration specialist performs administrative and clerical duties as needed, requiring them to have excellent data management skills to process information and provide the highest quality care services for the patients.

Insurance specialist vs registration specialist salary

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

Insurance SpecialistRegistration Specialist
Average salary$34,281$30,422
Salary rangeBetween $27,000 And $42,000Between $23,000 And $40,000
Highest paying CityNew York, NYBoston, MA
Highest paying stateNew HampshireMassachusetts
Best paying companyDeloitteDeloitte
Best paying industryGovernmentHealth Care

Differences between insurance specialist and registration specialist education

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

Insurance SpecialistRegistration Specialist
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 38%
Most common majorBusinessBusiness
Most common college-University of Pennsylvania

Insurance specialist vs registration specialist demographics

Here are the differences between insurance specialists' and registration specialists' demographics:

Insurance SpecialistRegistration Specialist
Average age4440
Gender ratioMale, 22.1% Female, 77.9%Male, 14.5% Female, 85.5%
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, 10.7% Unknown, 5.1% Hispanic or Latino, 18.0% Asian, 6.0% White, 59.5% American Indian and Alaska Native, 0.7%
LGBT Percentage11%7%

Differences between insurance specialist and registration 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

Registration specialist example responsibilities.

  • Attain and authenticate patient insurance information, counsel patients on changes in insurance policies, verify patient demographics.
  • Help patients through the registration and admitting processes and also contribute to the PBX department.
  • Input data entries for insurance billing; adding CPT codes and diagnosis from face sheets as patients arrive.
  • Act as hospital PBX operator.
  • Complete all charge entry, enter all CPT and ICD-9 codes for billing for multiple doctors each day.
  • Enter patient information and verify information according to HIPAA regulations.
  • Show more

Insurance specialist vs registration specialist skills

Common insurance specialist skills
  • Patients, 18%
  • Customer Service, 11%
  • Insurance Coverage, 4%
  • Insurance Verification, 4%
  • Life Insurance, 4%
  • Data Entry, 4%
Common registration specialist skills
  • Patients, 25%
  • Customer Service, 14%
  • Medical Terminology, 8%
  • Patient Registration, 5%
  • Insurance Verification, 4%
  • Data Entry, 4%

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