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Medical reimbursement specialist vs medical claims processor

The differences between medical reimbursement specialists and medical claims processors 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 medical claims processor takes usually requires 2-4 years. Additionally, a medical reimbursement specialist has an average salary of $39,870, which is higher than the $36,777 average annual salary of a medical claims processor.

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

Medical reimbursement specialist vs medical claims processor overview

Medical Reimbursement SpecialistMedical Claims Processor
Yearly salary$39,870$36,777
Hourly rate$19.17$17.68
Growth rate11%-3%
Number of jobs77,27259,992
Job satisfaction--
Most common degreeAssociate Degree, 31%Bachelor's Degree, 29%
Average age4544
Years of experience124

Medical reimbursement specialist vs medical claims processor salary

Medical reimbursement specialists and medical claims processors have different pay scales, as shown below.

Medical Reimbursement SpecialistMedical Claims Processor
Average salary$39,870$36,777
Salary rangeBetween $31,000 And $50,000Between $29,000 And $45,000
Highest paying City-Dover, DE
Highest paying state-Delaware
Best paying company-Cognizant
Best paying industry-Government

Differences between medical reimbursement specialist and medical claims processor education

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

Medical Reimbursement SpecialistMedical Claims Processor
Most common degreeAssociate Degree, 31%Bachelor's Degree, 29%
Most common majorHealth Care AdministrationBusiness
Most common collegeStanford University-

Medical reimbursement specialist vs medical claims processor demographics

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

Medical Reimbursement SpecialistMedical Claims Processor
Average age4544
Gender ratioMale, 11.9% Female, 88.1%Male, 16.0% Female, 84.0%
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, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5%
LGBT Percentage9%11%

Differences between medical reimbursement specialist and medical claims processor 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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Medical claims processor example responsibilities.

  • Enter UB 92 and 1500 HCFA medical claims into computer system manage and process insurance claims.
  • Manage cases by aggressively directing the litigation process.
  • Submit medical claims to commercial insurance companies, Medicare, and Medicaid for payment with use of ICD-9 and CPT coding.
  • Review and verify patient account information against insurance program specifications, analyze surgical procedures and diagnoses using CPT-4 and ICD-9 codes.
  • Acknowledge and enforces confidentiality in alignment with (HIPPA) guidelines.
  • Audit encounters and ICD-10 codes to ensure correct coding and maximum reimbursement.
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Medical reimbursement specialist vs medical claims processor skills

Common medical reimbursement specialist skills
  • Patients, 12%
  • Medical Billing, 9%
  • Appeals, 8%
  • EOB, 7%
  • Medicare, 5%
  • Medicaid, 5%
Common medical claims processor skills
  • Patients, 13%
  • Healthcare, 10%
  • Data Entry, 10%
  • Medical Insurance Claims, 9%
  • Medical Terminology, 6%
  • Customer Service, 3%

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