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Medical accountant vs senior accountant

The differences between medical accountants and senior 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 senior accountant. Additionally, a senior accountant has an average salary of $71,967, 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 senior accountant are reconciliations, CPA, and GAAP.

Medical accountant vs senior accountant overview

Medical AccountantSenior Accountant
Yearly salary$43,023$71,967
Hourly rate$20.68$34.60
Growth rate6%6%
Number of jobs79,48076,816
Job satisfaction-4
Most common degreeBachelor's Degree, 43%Bachelor's Degree, 78%
Average age4444
Years of experience44

Medical accountant vs senior accountant salary

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

Medical AccountantSenior Accountant
Average salary$43,023$71,967
Salary rangeBetween $25,000 And $71,000Between $55,000 And $92,000
Highest paying CityNashua, NHWashington, DC
Highest paying stateNew YorkNew York
Best paying companyLifePoint HealthGoogle
Best paying industryHealth CareFinance

Differences between medical accountant and senior accountant education

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

Medical AccountantSenior Accountant
Most common degreeBachelor's Degree, 43%Bachelor's Degree, 78%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Medical accountant vs senior accountant demographics

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

Medical AccountantSenior Accountant
Average age4444
Gender ratioMale, 27.3% Female, 72.7%Male, 46.9% Female, 53.1%
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, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 14.5% White, 61.8% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between medical accountant and senior 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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Senior accountant example responsibilities.

  • Manage complex pricing structure and maintain SalesForce CRM funnel for forecasting accuracy.
  • Prepare internal financial reports for treasury manage accounts include in external compliance reports.
  • Manage the review, enhancement, and creation of department policy and procedure documentation require for Sarbanes-Oxley auditing and compliance.
  • Compile and analyze financial information to prepare monthly accruals, payroll journal, general journal and bank reconciliations.
  • Research and develop policies around Medicaid and Medicare billings and prepare Medicaid cost reports.
  • Coordinate submissions of financial data from regional divisions and prepare the consolidated company financial statement using Hyperion program.
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Medical accountant vs senior accountant skills

Common medical accountant skills
  • Medical Billing, 21%
  • Reconciliations, 16%
  • Patient Accounts, 11%
  • EOB, 10%
  • Appeals, 10%
  • Financial Reports, 8%
Common senior accountant skills
  • Reconciliations, 13%
  • CPA, 8%
  • GAAP, 7%
  • External Auditors, 4%
  • Internal Controls, 4%
  • Payroll, 4%

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