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The differences between medical records 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 records technician and a reimbursement specialist. Additionally, a reimbursement specialist has an average salary of $38,273, which is higher than the $37,087 average annual salary of a medical records technician.
The top three skills for a medical records technician include patients, medical terminology and HIPAA. The most important skills for a reimbursement specialist are patients, customer service, and appeals.
| Medical Records Technician | Reimbursement Specialist | |
| Yearly salary | $37,087 | $38,273 |
| Hourly rate | $17.83 | $18.40 |
| Growth rate | 11% | 11% |
| Number of jobs | 67,660 | 32,292 |
| Job satisfaction | - | - |
| Most common degree | Associate Degree, 34% | Bachelor's Degree, 40% |
| Average age | 45 | 45 |
| Years of experience | 12 | 12 |
A medical records technician is responsible for performing administrative duties, handling patients' medical records for medical purposes. Medical records technicians keep an organized database of patients' information, including medical history, diagnosis, healthcare treatments, laboratory schedules, and insurance details using specific healthcare coding procedures. Medical records technicians must be detail-oriented and highly organizational, especially on maintaining the accuracy and confidentiality of patients' information. This job is critical in the healthcare industry for the doctors' reference and determining treatment costs.
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 records technicians and reimbursement specialists have different pay scales, as shown below.
| Medical Records Technician | Reimbursement Specialist | |
| Average salary | $37,087 | $38,273 |
| Salary range | Between $28,000 And $48,000 | Between $29,000 And $49,000 |
| Highest paying City | Long Branch, NJ | Lynchburg, VA |
| Highest paying state | New Jersey | Virginia |
| Best paying company | Guidehouse | Novartis |
| Best paying industry | Government | Pharmaceutical |
There are a few differences between a medical records technician and a reimbursement specialist in terms of educational background:
| Medical Records Technician | Reimbursement Specialist | |
| Most common degree | Associate Degree, 34% | 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 records technicians' and reimbursement specialists' demographics:
| Medical Records Technician | Reimbursement Specialist | |
| Average age | 45 | 45 |
| Gender ratio | Male, 18.8% Female, 81.2% | Male, 15.2% Female, 84.8% |
| Race ratio | Black or African American, 9.3% Unknown, 4.2% Hispanic or Latino, 17.3% Asian, 8.7% White, 59.3% 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% |