Medical accountant vs junior accountant

The differences between medical accountants and junior 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 junior accountant. Additionally, a junior accountant has an average salary of $50,444, 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 junior accountant are reconciliations, general ledger accounts, and account reconciliations.

Medical accountant vs junior accountant overview

	Medical Accountant	Junior Accountant
Yearly salary	$43,023	$50,444
Hourly rate	$20.68	$24.25
Growth rate	6%	6%
Number of jobs	79,480	57,892
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 70%
Average age	44	44
Years of experience	4	4

Medical accountant vs junior accountant salary

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

	Medical Accountant	Junior Accountant
Average salary	$43,023	$50,444
Salary range	Between $25,000 And $71,000	Between $38,000 And $66,000
Highest paying City	Nashua, NH	New York, NY
Highest paying state	New York	New York
Best paying company	LifePoint Health	Fuhu
Best paying industry	Health Care	Construction

Differences between medical accountant and junior accountant education

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

	Medical Accountant	Junior Accountant
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 70%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Medical accountant vs junior accountant demographics

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

	Medical Accountant	Junior Accountant
Average age	44	44
Gender ratio	Male, 27.3% Female, 72.7%	Male, 39.6% Female, 60.4%
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, 7.9% Unknown, 3.9% Hispanic or Latino, 10.2% Asian, 16.6% White, 60.9% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between medical accountant and junior 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.

Junior accountant example responsibilities.

Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
Perform and assist with month-end close procedures, including preparation of monthly balance sheet and income statement account reconciliations.
Identify hundreds of daily transactions from banking statements using QuickBooks and present monthly financial reports
Perform bank and credit card reconciliations and assist with month-end accruals in addition to inter-company reconciliations.
Prepare financial schedules, account reconciliations, and detail financial statements and reports for analysis, financial reporting, and decision-making.
Deposit checks into lockbox and post to funds to proper accounts daily.

Medical accountant vs junior accountant skills

Common medical accountant skills

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

Common junior accountant skills

Reconciliations, 18%
General Ledger Accounts, 8%
Account Reconciliations, 5%
Data Entry, 5%
QuickBooks, 4%
Payroll Taxes, 4%

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Medical Accountant vs Junior Accountant

Updated January 8, 2025

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