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Insurance verification representative vs verification specialist

The differences between insurance verification representatives and verification specialists can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become an insurance verification representative, becoming a verification specialist takes usually requires 4-6 years. Additionally, an insurance verification representative has an average salary of $32,706, which is higher than the $31,564 average annual salary of a verification specialist.

The top three skills for an insurance verification representative include patients, insurance verification and customer service. The most important skills for a verification specialist are customer service, patients, and data entry.

Insurance verification representative vs verification specialist overview

Insurance Verification RepresentativeVerification Specialist
Yearly salary$32,706$31,564
Hourly rate$15.72$15.18
Growth rate-4%7%
Number of jobs150,26026,348
Job satisfaction-5
Most common degreeBachelor's Degree, 28%Bachelor's Degree, 37%
Average age4045
Years of experience46

What does an insurance verification representative do?

An insurance verification representative is responsible for ensuring the coverage of a patient's healthcare benefits by required procedures. Your duties will typically include updating patient information, verifying insurance coverage of patients, and arranging payment for medical services that are not covered under insurance. In addition, you will be checking eligibility and benefits for healthcare providers and explaining Medicare and CMS guidelines as needed. As an insurance verification representative, you are also expected to advise and discuss various financing options that best fit a patient's budget.

What does a verification specialist do?

The verification specialist's primary role is to make and take calls to employers for the purpose of verifying information stated by an applicant on his/her /her job application. They manage calls inbound/outbound for education, employment, reference, and licensing verification purposes. They also maintain and keep records of all calls handled to ensure all verifications made are followed upon on time. They communicate effectively and proficiently to all parties involved in attaining verification information. Moreover, they do monthly review to quality check all data gathered for verifications.

Insurance verification representative vs verification specialist salary

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

Insurance Verification RepresentativeVerification Specialist
Average salary$32,706$31,564
Salary rangeBetween $28,000 And $37,000Between $24,000 And $41,000
Highest paying CityCharleston, WVSan Jose, CA
Highest paying stateMassachusettsCalifornia
Best paying companyStudent Conservation AssociationJacobs Engineering Group
Best paying industryHealth CareInsurance

Differences between insurance verification representative and verification specialist education

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

Insurance Verification RepresentativeVerification Specialist
Most common degreeBachelor's Degree, 28%Bachelor's Degree, 37%
Most common majorBusinessBusiness
Most common collegeStanford UniversityUniversity of Pennsylvania

Insurance verification representative vs verification specialist demographics

Here are the differences between insurance verification representatives' and verification specialists' demographics:

Insurance Verification RepresentativeVerification Specialist
Average age4045
Gender ratioMale, 15.1% Female, 84.9%Male, 23.9% Female, 76.1%
Race ratioBlack or African American, 12.6% Unknown, 4.8% Hispanic or Latino, 22.0% Asian, 6.3% White, 53.8% American Indian and Alaska Native, 0.6%Black or African American, 11.2% Unknown, 3.7% Hispanic or Latino, 15.2% Asian, 7.3% White, 62.3% American Indian and Alaska Native, 0.4%
LGBT Percentage7%9%

Differences between insurance verification representative and verification specialist duties and responsibilities

Insurance verification representative example responsibilities.

  • Coach, evaluate and performance manage MSRs to ensure timely and accurate service to clients.
  • Practice confidentiality while handling patients' medical information with use of the HIPAA law.
  • Verify Medicare, Medicaid, other government agencies and private insurance for new patients to determine their individualize eligibility and benefits.
  • Verify HMO referrals and treatment plans are authorize.
  • Have knowledge in difference between HMO and PPO insurance.
  • Comply with HIPPA due to the nature of client information.
  • Show more

Verification specialist example responsibilities.

  • Manage the TRICARE information program by presenting information utilizing available media, group presentations, or mailings.
  • Maintain confidentiality of all patient medical information adhering to HIPPA regulations and Medicare / Medicaid policies.
  • Verify primary insurance eligibility by phone with agents or online regarding Medicaid recipients and to determine payment responsibilities to providers.
  • Verify medical coverage and benefits to providers and members, review certain ICD9 and CPT codes.
  • Verify patient effective date of insurance, including CPT and diagnosis codes and general policy information.
  • Receive extensive training on insurance plans and types, HIPAA compliance, PatientPlus programming and other workplace relate topics.
  • Show more

Insurance verification representative vs verification specialist skills

Common insurance verification representative skills
  • Patients, 21%
  • Insurance Verification, 14%
  • Customer Service, 11%
  • Medical Terminology, 6%
  • Insurance Benefits, 4%
  • Insurance Eligibility, 4%
Common verification specialist skills
  • Customer Service, 23%
  • Patients, 18%
  • Data Entry, 13%
  • Insurance Verification, 4%
  • Medicaid, 4%
  • Verification Process, 3%

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