Medical accountant vs fund accountant

The differences between medical accountants and fund 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 a fund accountant. Additionally, a fund accountant has an average salary of $60,203, 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 a fund accountant are reconciliations, calculation, and securities.

Medical accountant vs fund accountant overview

	Medical Accountant	Fund Accountant
Yearly salary	$43,023	$60,203
Hourly rate	$20.68	$28.94
Growth rate	6%	6%
Number of jobs	79,480	35,702
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 84%
Average age	44	44
Years of experience	4	4

Medical accountant vs fund accountant salary

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

	Medical Accountant	Fund Accountant
Average salary	$43,023	$60,203
Salary range	Between $25,000 And $71,000	Between $44,000 And $80,000
Highest paying City	Nashua, NH	New York, NY
Highest paying state	New York	New York
Best paying company	LifePoint Health	Warburg Pincus
Best paying industry	Health Care	Finance

Differences between medical accountant and fund accountant education

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

	Medical Accountant	Fund Accountant
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 84%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Medical accountant vs fund accountant demographics

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

	Medical Accountant	Fund Accountant
Average age	44	44
Gender ratio	Male, 27.3% Female, 72.7%	Male, 61.5% Female, 38.5%
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, 7.6% Unknown, 3.9% Hispanic or Latino, 9.9% Asian, 18.4% White, 59.7% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between medical accountant and fund 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.

Fund accountant example responsibilities.

Manage fund accounting activities for five funds for an investment manager with $80b in AUM.
Manage accoutningtransition from Quickbooks to Yardi.
Prepare internal financial reports for treasury manage accounts include in external compliance reports.
Record efficiently accounting records, securities positions, corporate actions and journal entries accordance with department policies and procedures.
Process complex transactions for foreign and domestic bonds, equities, futures, and options.
Prepare annual and semi-annual financial statements using GAAP.

Medical accountant vs fund accountant skills

Common medical accountant skills

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

Common fund accountant skills

Reconciliations, 12%
Calculation, 5%
Securities, 5%
GAAP, 5%
Accruals, 5%
Journal Entries, 4%