Medical accountant vs tax accountant

The differences between medical accountants and tax 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 tax accountant. Additionally, a tax accountant has an average salary of $62,142, 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 tax accountant are CPA, tax audits, and income tax returns.

Medical accountant vs tax accountant overview

	Medical Accountant	Tax Accountant
Yearly salary	$43,023	$62,142
Hourly rate	$20.68	$29.88
Growth rate	6%	6%
Number of jobs	79,480	57,919
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 72%
Average age	44	44
Years of experience	4	4

Medical accountant vs tax accountant salary

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

	Medical Accountant	Tax Accountant
Average salary	$43,023	$62,142
Salary range	Between $25,000 And $71,000	Between $45,000 And $83,000
Highest paying City	Nashua, NH	New York, NY
Highest paying state	New York	New York
Best paying company	LifePoint Health	Pacific Investment Management Company LLC
Best paying industry	Health Care	Finance

Differences between medical accountant and tax accountant education

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

	Medical Accountant	Tax Accountant
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 72%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Medical accountant vs tax accountant demographics

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

	Medical Accountant	Tax Accountant
Average age	44	44
Gender ratio	Male, 27.3% Female, 72.7%	Male, 47.3% Female, 52.7%
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, 8.2% Unknown, 3.9% Hispanic or Latino, 10.5% Asian, 15.5% White, 61.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between medical accountant and tax 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.

Tax accountant example responsibilities.

Utilize QuickBooks to manage client data and prepare necessary financial statements.
Manage and prepare sales and use tax account reconciliations and property tax liability accounts and prepare corresponding journal entries.
Prepared/Review financial statements according to GAAP and propose adjusting entries for clients.
Prepare tax returns for corporations, partnerships, non-profit organizations and individuals.
Work with various accounting departments, with duties such as account reconciliations, customer service, and administrative/clerical positions.
SAP, ONESOURCE, YESWIN, and BSAEfiling

Medical accountant vs tax accountant skills

Common medical accountant skills

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

Common tax accountant skills

CPA, 9%
Tax Audits, 4%
Income Tax Returns, 4%
Tax Research, 4%
Reconciliations, 4%
Financial Statements, 4%