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Medical accountant vs general accountant

The differences between medical accountants and general 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 general accountant. Additionally, a general accountant has an average salary of $55,043, 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 general accountant are financial data, reconciliations, and cash handling.

Medical accountant vs general accountant overview

Medical AccountantGeneral Accountant
Yearly salary$43,023$55,043
Hourly rate$20.68$26.46
Growth rate6%6%
Number of jobs79,48087,663
Job satisfaction--
Most common degreeBachelor's Degree, 43%Bachelor's Degree, 75%
Average age4444
Years of experience44

Medical accountant vs general accountant salary

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

Medical AccountantGeneral Accountant
Average salary$43,023$55,043
Salary rangeBetween $25,000 And $71,000Between $40,000 And $73,000
Highest paying CityNashua, NHWashington, DC
Highest paying stateNew YorkNew Jersey
Best paying companyLifePoint HealthApple
Best paying industryHealth CareAutomotive

Differences between medical accountant and general accountant education

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

Medical AccountantGeneral Accountant
Most common degreeBachelor's Degree, 43%Bachelor's Degree, 75%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Medical accountant vs general accountant demographics

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

Medical AccountantGeneral Accountant
Average age4444
Gender ratioMale, 27.3% Female, 72.7%Male, 43.1% Female, 56.9%
Race ratioBlack 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, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 13.7% White, 62.1% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between medical accountant and general 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.
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General accountant example responsibilities.

  • Manage payroll functions, financial statements, accounts payable, basic job cost, account analysis, accruals, year-end audits.
  • Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
  • Assist manager with cash flow, preparing financial statement, BBC, and report to CPA.
  • Create budget at beginning and coordinate CPA firm's audit at the end of year.
  • Assist in any kind of audit engagement (internal control, external, SOX, etc . )
  • Provide support for the controller with period-end close accruals and journal entries and assist in various duties and responsibilities.
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Medical accountant vs general accountant skills

Common medical accountant skills
  • Medical Billing, 21%
  • Reconciliations, 16%
  • Patient Accounts, 11%
  • EOB, 10%
  • Appeals, 10%
  • Financial Reports, 8%
Common general accountant skills
  • Financial Data, 11%
  • Reconciliations, 10%
  • Cash Handling, 9%
  • Vendor Invoices, 6%
  • General Ledger Accounts, 6%
  • Account Reconciliations, 5%

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