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Medical billing and coding externship vs insurance clerk

The differences between medical billing and coding externships and insurance clerks can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a medical billing and coding externship, becoming an insurance clerk takes usually requires 2-4 years. Additionally, a medical billing and coding externship has an average salary of $36,112, which is higher than the $33,089 average annual salary of an insurance clerk.

The top three skills for a medical billing and coding externship include patients, insurance eligibility and data entry. The most important skills for an insurance clerk are patients, insurance verification, and data entry.

Medical billing and coding externship vs insurance clerk overview

Medical Billing And Coding ExternshipInsurance Clerk
Yearly salary$36,112$33,089
Hourly rate$17.36$15.91
Growth rate-3%-3%
Number of jobs98,089147,755
Job satisfaction-2
Most common degreeDiploma, 43%High School Diploma, 29%
Average age4644
Years of experience24

Medical billing and coding externship vs insurance clerk salary

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

Medical Billing And Coding ExternshipInsurance Clerk
Average salary$36,112$33,089
Salary rangeBetween $30,000 And $42,000Between $27,000 And $39,000
Highest paying City-Henderson, NV
Highest paying state-New Hampshire
Best paying company-Lenoir Memorial Hospital
Best paying industry-Finance

Differences between medical billing and coding externship and insurance clerk education

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

Medical Billing And Coding ExternshipInsurance Clerk
Most common degreeDiploma, 43%High School Diploma, 29%
Most common majorHealth Care AdministrationBusiness
Most common collegeBoston University-

Medical billing and coding externship vs insurance clerk demographics

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

Medical Billing And Coding ExternshipInsurance Clerk
Average age4644
Gender ratioMale, 11.8% Female, 88.2%Male, 8.3% Female, 91.7%
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, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5%
LGBT Percentage7%11%

Differences between medical billing and coding externship and insurance clerk 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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Insurance clerk example responsibilities.

  • Manage front office check-in, insurance verification and certifications from doctors.
  • Establish and implement procedures for completion of patient super bills with proper diagnostic coding utilizing ICD-9 and CPT code manuals.
  • Maintain patient medical records insuring diagnosis codes (ICD-9) are itemized correctly and name and address of insurance carriers record.
  • Schedule and obtain authorization for outpatient procedures for patients via private insurance, worker's compensation, and Medicare/ Medicaid.
  • Complete several ICD-10 training courses.
  • Perform medical coding with most accurate and descriptive HCPCS code.
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Medical billing and coding externship vs insurance clerk 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 insurance clerk skills
  • Patients, 25%
  • Insurance Verification, 7%
  • Data Entry, 7%
  • Customer Service, 6%
  • Insurance Coverage, 5%
  • Computer System, 3%

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