Medical accountant vs accountant

The differences between medical accountants and accountants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a medical accountant and an accountant. Additionally, an accountant has an average salary of $54,890, which is higher than the $43,023 average annual salary of a medical accountant.

The top three skills for a medical accountant include medical billing, reconciliations and patient accounts. The most important skills for an accountant are reconciliations, general ledger accounts, and account reconciliations.

Medical accountant vs accountant overview

	Medical Accountant	Accountant
Yearly salary	$43,023	$54,890
Hourly rate	$20.68	$26.39
Growth rate	6%	6%
Number of jobs	79,480	60,073
Job satisfaction	-	3
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 71%
Average age	44	44
Years of experience	4	4

Medical accountant vs accountant salary

Medical accountants and accountants have different pay scales, as shown below.

	Medical Accountant	Accountant
Average salary	$43,023	$54,890
Salary range	Between $25,000 And $71,000	Between $41,000 And $72,000
Highest paying City	Nashua, NH	Washington, DC
Highest paying state	New York	New York
Best paying company	LifePoint Health	Meta
Best paying industry	Health Care	Technology

Differences between medical accountant and accountant education

There are a few differences between a medical accountant and an accountant in terms of educational background:

	Medical Accountant	Accountant
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 71%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Medical accountant vs accountant demographics

Here are the differences between medical accountants' and accountants' demographics:

	Medical Accountant	Accountant
Average age	44	44
Gender ratio	Male, 27.3% Female, 72.7%	Male, 38.2% Female, 61.8%
Race ratio	Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.2% White, 63.7% American Indian and Alaska Native, 0.5%	Black or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 15.0% White, 61.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between medical accountant and accountant duties and responsibilities

Medical accountant example responsibilities.

Maintain and order supplies, manage medical office, prepare office payroll.
Process all payroll deduction for employees that have outstanding balances including setting up new contracts and managing current deductions.
Post all EOB payments and adjustments.
File and forward secondary claims and process appeals.
Perform payment postings, deposit reconciliations, batch reviews, and adjustments.
Enter vendor invoices and cut checks on a bi-weekly basis using QuickBooks.

Accountant example responsibilities.

Manage preparation of the statutory financial statements and financial aggregates in compliance with IFRS and local applicable norms.
Manage personnel financial matters including salaries, taxation procedures and other relate issues.
Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
Reconstruct and improve many balance sheet account reconciliations for easier reading and interpretation by senior level management.
Perform complex general accounting functions, including preparation of journal entries, account analysis and balance sheet reconciliations.
Maintain general ledgers and preparation of monthly and other periodic financial reports in accordance with GAAP and international accounting standards.

Medical accountant vs accountant skills

Common medical accountant skills

Medical Billing, 21%
Reconciliations, 16%
Patient Accounts, 11%
EOB, 10%
Appeals, 10%
Financial Reports, 8%

Common accountant skills

Reconciliations, 14%
General Ledger Accounts, 6%
Account Reconciliations, 6%
GAAP, 5%
Payroll Tax Returns, 5%
Customer Service, 5%