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The differences between medical coding technicians and reimbursement specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a medical coding technician and a reimbursement specialist. Additionally, a reimbursement specialist has an average salary of $38,273, which is higher than the $35,307 average annual salary of a medical coding technician.
The top three skills for a medical coding technician include medical billing, data entry and front desk. The most important skills for a reimbursement specialist are patients, customer service, and appeals.
| Medical Coding Technician | Reimbursement Specialist | |
| Yearly salary | $35,307 | $38,273 |
| Hourly rate | $16.97 | $18.40 |
| Growth rate | 11% | 11% |
| Number of jobs | 67,197 | 32,292 |
| Job satisfaction | - | - |
| Most common degree | Associate Degree, 30% | Bachelor's Degree, 40% |
| Average age | 45 | 45 |
| Years of experience | 12 | 12 |
The job of a medical coding technician is to assist in the management of insurance claims, payments, and invoices. Your day-to-day duties may include reviewing claims data to ensure that the assigned codes meet the insurance and legal rules, understanding the diagnosis of patients and medical procedures that have been performed, and extracting information from documentation such as the name of the physician and the date of the procedure. Additionally, abmedical coding technician also follows up with patients and insurance firms regarding outstanding bills.
A reimbursement specialist is responsible for analyzing insurance documents, processing reimbursement claims, and releasing accurate billing statements for insurance claims. Reimbursement specialists must have excellent analytical skills, especially on performing clerical tasks to evaluate insurance cases, investigate cases, and update the account information of the clients on the database. They should also have impeccable communication skills and understanding of the insurance processes to be able to coordinate with the clients, explaining the procedures of their claims accurately, and coordinate with the insurance management to improve the claims processes.
Medical coding technicians and reimbursement specialists have different pay scales, as shown below.
| Medical Coding Technician | Reimbursement Specialist | |
| Average salary | $35,307 | $38,273 |
| Salary range | Between $28,000 And $43,000 | Between $29,000 And $49,000 |
| Highest paying City | - | Lynchburg, VA |
| Highest paying state | - | Virginia |
| Best paying company | - | Novartis |
| Best paying industry | - | Pharmaceutical |
There are a few differences between a medical coding technician and a reimbursement specialist in terms of educational background:
| Medical Coding Technician | Reimbursement Specialist | |
| Most common degree | Associate Degree, 30% | Bachelor's Degree, 40% |
| Most common major | Health Care Administration | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between medical coding technicians' and reimbursement specialists' demographics:
| Medical Coding Technician | Reimbursement Specialist | |
| Average age | 45 | 45 |
| Gender ratio | Male, 15.3% Female, 84.7% | Male, 15.2% Female, 84.8% |
| Race ratio | Black or African American, 9.2% Unknown, 4.2% Hispanic or Latino, 17.1% Asian, 8.6% White, 59.7% American Indian and Alaska Native, 1.3% | Black or African American, 9.8% Unknown, 4.2% Hispanic or Latino, 16.9% Asian, 8.1% White, 59.8% American Indian and Alaska Native, 1.3% |
| LGBT Percentage | 9% | 9% |