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Medical claims analyst vs insurance adjuster

The differences between medical claims analysts and insurance adjusters can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a medical claims analyst, becoming an insurance adjuster takes usually requires 2-4 years. Additionally, an insurance adjuster has an average salary of $57,315, which is higher than the $46,708 average annual salary of a medical claims analyst.

The top three skills for a medical claims analyst include medical terminology, medicaid and medical insurance claims. The most important skills for an insurance adjuster are insurance policies, customer service, and liability claims.

Medical claims analyst vs insurance adjuster overview

Medical Claims AnalystInsurance Adjuster
Yearly salary$46,708$57,315
Hourly rate$22.46$27.56
Growth rate-6%-6%
Number of jobs65,89744,837
Job satisfaction-3
Most common degreeBachelor's Degree, 36%Bachelor's Degree, 58%
Average age4444
Years of experience64

Medical claims analyst vs insurance adjuster salary

Medical claims analysts and insurance adjusters have different pay scales, as shown below.

Medical Claims AnalystInsurance Adjuster
Average salary$46,708$57,315
Salary rangeBetween $32,000 And $68,000Between $40,000 And $80,000
Highest paying CityBridgewater, NJHagerstown, MD
Highest paying stateNew JerseyNew Jersey
Best paying companyMontefiore Mount Vernon HospitalCunningham Lindsey
Best paying industryInsuranceInsurance

Differences between medical claims analyst and insurance adjuster education

There are a few differences between a medical claims analyst and an insurance adjuster in terms of educational background:

Medical Claims AnalystInsurance Adjuster
Most common degreeBachelor's Degree, 36%Bachelor's Degree, 58%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaStanford University

Medical claims analyst vs insurance adjuster demographics

Here are the differences between medical claims analysts' and insurance adjusters' demographics:

Medical Claims AnalystInsurance Adjuster
Average age4444
Gender ratioMale, 14.2% Female, 85.8%Male, 66.6% Female, 33.4%
Race ratioBlack or African American, 11.2% Unknown, 4.4% Hispanic or Latino, 16.4% Asian, 5.1% White, 62.4% American Indian and Alaska Native, 0.5%Black or African American, 13.0% Unknown, 4.4% Hispanic or Latino, 16.3% Asian, 5.1% White, 60.8% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between medical claims analyst and insurance adjuster duties and responsibilities

Medical claims analyst example responsibilities.

  • Manage cases by aggressively directing the litigation process.
  • Analyze incoming medical claims using ICD-9, CPT, HCPCS coding, and Medicare fee schedules.
  • Determine if claims are in compliance under patient benefit plans for payments using DRG regulations :
  • Review medical records to determine if the ICD-9, CPT codes and modifiers are processed correctly.
  • Adhere to the HIPAA privacy, security regulations, and maintain confidentiality of patient a business records.
  • Research medical claims issues in response to informational inquiries by accessing and interpreting EOB's and claims history.
  • Show more

Insurance adjuster example responsibilities.

  • Achieve targeted performance goals in every aspect to manage costs and support Allstate's industry-leading operational standards.
  • Manage and dispose of claims in litigation by preparing and developing strategy with defense counsel and consensus relative to litigation handling.
  • Train in Xactimate estimation and sketch programs.
  • Manage and dispose of claims in litigation by preparing and developing strategy with defense counsel and consensus relative to litigation handling.
  • Skil in complex arbitration and mediation negotiations.
  • Recommend files for arbitration or litigation base on evidence available and inability to compromise with adverse party.
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Medical claims analyst vs insurance adjuster skills

Common medical claims analyst skills
  • Medical Terminology, 9%
  • Medicaid, 6%
  • Medical Insurance Claims, 6%
  • Customer Service, 6%
  • Data Entry, 6%
  • Patients, 5%
Common insurance adjuster skills
  • Insurance Policies, 15%
  • Customer Service, 15%
  • Liability Claims, 9%
  • Auto Claims, 7%
  • Catastrophe Claims, 5%
  • Public Adjusters, 4%

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