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Medical billing and coding externship vs billing analyst

The differences between medical billing and coding externships and billing analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a medical billing and coding externship and a billing analyst. Additionally, a billing analyst has an average salary of $51,544, which is higher than the $36,112 average annual salary of a medical billing and coding externship.

The top three skills for a medical billing and coding externship include patients, insurance eligibility and data entry. The most important skills for a billing analyst are customer service, patients, and billing issues.

Medical billing and coding externship vs billing analyst overview

Medical Billing And Coding ExternshipBilling Analyst
Yearly salary$36,112$51,544
Hourly rate$17.36$24.78
Growth rate-3%-3%
Number of jobs98,08930,566
Job satisfaction--
Most common degreeDiploma, 43%Bachelor's Degree, 59%
Average age4646
Years of experience22

Medical billing and coding externship vs billing analyst salary

Medical billing and coding externships and billing analysts have different pay scales, as shown below.

Medical Billing And Coding ExternshipBilling Analyst
Average salary$36,112$51,544
Salary rangeBetween $30,000 And $42,000Between $35,000 And $73,000
Highest paying City-Washington, DC
Highest paying state-Alaska
Best paying company-Meta
Best paying industry-Finance

Differences between medical billing and coding externship and billing analyst education

There are a few differences between a medical billing and coding externship and a billing analyst in terms of educational background:

Medical Billing And Coding ExternshipBilling Analyst
Most common degreeDiploma, 43%Bachelor's Degree, 59%
Most common majorHealth Care AdministrationBusiness
Most common collegeBoston UniversityUniversity of Pennsylvania

Medical billing and coding externship vs billing analyst demographics

Here are the differences between medical billing and coding externships' and billing analysts' demographics:

Medical Billing And Coding ExternshipBilling Analyst
Average age4646
Gender ratioMale, 11.8% Female, 88.2%Male, 29.7% Female, 70.3%
Race ratioBlack or African American, 10.6% Unknown, 4.3% Hispanic or Latino, 21.8% Asian, 6.8% White, 55.7% American Indian and Alaska Native, 0.8%Black or African American, 11.3% Unknown, 4.4% Hispanic or Latino, 18.4% Asian, 7.3% White, 57.7% American Indian and Alaska Native, 0.9%
LGBT Percentage7%7%

Differences between medical billing and coding externship and billing analyst duties and responsibilities

Medical billing and coding externship example responsibilities.

  • Manage chart completion (ICD-9-CM and CPT coding/abstracting), chart assembly and analysis, patient admission and patient information privacy/security.
  • Verify correct ICD-10 and CPT codes for a variety of specialties.
  • Review physicians' appointment notes to determine appropriate ICD-9 and HCPCS code for the medical service render.
  • Identify and code the principal diagnosis and procedures using ICD-9-CM and CPT-4 codes to each patient's medical records
  • Perform billing and collection procedures, utilize CPT-4 and ICD-9 coding, insurance claim preparation, processing and follow-ups.
  • Resolve and research of insurance denials, rejections, providing correction of claims, involving CPT and HCPCS codes.
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Billing analyst example responsibilities.

  • Set up, manage, and terminate ACH accounts.
  • Manage multiple contracts including timely and accurate billing of monthly invoices, payment notifications, and reconciliations.
  • Use of the CMS website to determine the correct LCDs or NCDs for Medicare claims.
  • Master sales, events, and reservations systems.
  • Produce month-end reports from IDX for executive staff.
  • Prepare provisional invoices for billing after provisional rates are receive from DCAA.
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Medical billing and coding externship vs billing analyst skills

Common medical billing and coding externship skills
  • Patients, 23%
  • Insurance Eligibility, 6%
  • Data Entry, 5%
  • EOB, 5%
  • Insurance Verification, 4%
  • CPT-4, 3%
Common billing analyst skills
  • Customer Service, 16%
  • Patients, 7%
  • Billing Issues, 6%
  • Strong Analytical, 5%
  • Billing System, 5%
  • Data Entry, 4%

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