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Medical reimbursement specialist vs billing specialist

The differences between medical reimbursement specialists and billing specialists can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a medical reimbursement specialist, becoming a billing specialist takes usually requires 1-2 years. Additionally, a medical reimbursement specialist has an average salary of $39,870, which is higher than the $35,624 average annual salary of a billing specialist.

The top three skills for a medical reimbursement specialist include patients, medical billing and appeals. The most important skills for a billing specialist are patients, customer service, and data entry.

Medical reimbursement specialist vs billing specialist overview

Medical Reimbursement SpecialistBilling Specialist
Yearly salary$39,870$35,624
Hourly rate$19.17$17.13
Growth rate11%-3%
Number of jobs77,27255,205
Job satisfaction--
Most common degreeAssociate Degree, 31%Bachelor's Degree, 31%
Average age4546
Years of experience122

Medical reimbursement specialist vs billing specialist salary

Medical reimbursement specialists and billing specialists have different pay scales, as shown below.

Medical Reimbursement SpecialistBilling Specialist
Average salary$39,870$35,624
Salary rangeBetween $31,000 And $50,000Between $27,000 And $45,000
Highest paying City-Washington, DC
Highest paying state-Delaware
Best paying company-TIBCO Software
Best paying industry-Manufacturing

Differences between medical reimbursement specialist and billing specialist education

There are a few differences between a medical reimbursement specialist and a billing specialist in terms of educational background:

Medical Reimbursement SpecialistBilling Specialist
Most common degreeAssociate Degree, 31%Bachelor's Degree, 31%
Most common majorHealth Care AdministrationBusiness
Most common collegeStanford UniversityUniversity of Pennsylvania

Medical reimbursement specialist vs billing specialist demographics

Here are the differences between medical reimbursement specialists' and billing specialists' demographics:

Medical Reimbursement SpecialistBilling Specialist
Average age4546
Gender ratioMale, 11.9% Female, 88.1%Male, 12.7% Female, 87.3%
Race ratioBlack or African American, 9.7% Unknown, 4.2% Hispanic or Latino, 16.8% Asian, 8.4% White, 59.7% American Indian and Alaska Native, 1.3%Black or African American, 10.9% Unknown, 4.4% Hispanic or Latino, 19.2% Asian, 7.4% White, 57.3% American Indian and Alaska Native, 0.9%
LGBT Percentage9%7%

Differences between medical reimbursement specialist and billing specialist duties and responsibilities

Medical reimbursement specialist example responsibilities.

  • Accept and process healthcare claims and confidential medical records; verify patient eligibility and manage the Medicare and Medicaid billing process.
  • Review and submit medical documentation for medical claims appeals as necessary.
  • Review and assign ICD-9, CPT-4 and HCPCS, and correct E/M codes to each patient encounter to prevent recovery credits.
  • Verify private medical insurance benefits and Medicaid eligibility.
  • Follow up on unpaid/unresolve account balances, including claims reject electronically and EOB denials.
  • Research account activity base on analysis reports and correspondence resulting in additional follow-up with patients, insurance carriers and referring physicians.
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Billing specialist example responsibilities.

  • Use of QuickBooks to manage vendors' accounts, set up filing system to maintain files and supporting billing documents.
  • Manage the daily correspondence with keeping doctor/patient confidentiality under consideration along with HIPPA regulations.
  • Use independent judgment, manage and impart confidential information appropriately per HIPAA regulations and company requirements.
  • Accept and process healthcare claims and confidential medical records; verify patient eligibility and manage the Medicare and Medicaid billing process.
  • Provide additional information/clarification for insurance claims using knowledge of CPT, ICD-9, and HCPCS codes, as well as modifiers.
  • Assist staff with proper billing for patients, ensure proper coding using ICD-10, ICD-9 and CPT-4 coding.
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Medical reimbursement specialist vs billing specialist skills

Common medical reimbursement specialist skills
  • Patients, 12%
  • Medical Billing, 9%
  • Appeals, 8%
  • EOB, 7%
  • Medicare, 5%
  • Medicaid, 5%
Common billing specialist skills
  • Patients, 16%
  • Customer Service, 10%
  • Data Entry, 9%
  • Medical Billing, 7%
  • Medicaid, 6%
  • CPT, 3%

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