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Medicare billing specialist vs billing analyst

The differences between medicare billing specialists and billing analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a medicare billing specialist and a billing analyst. Additionally, a billing analyst has an average salary of $51,544, which is higher than the $36,773 average annual salary of a medicare billing specialist.

The top three skills for a medicare billing specialist include patients, patient accounts and data entry. The most important skills for a billing analyst are customer service, patients, and billing issues.

Medicare billing specialist vs billing analyst overview

Medicare Billing SpecialistBilling Analyst
Yearly salary$36,773$51,544
Hourly rate$17.68$24.78
Growth rate-3%-3%
Number of jobs54,59330,566
Job satisfaction--
Most common degreeAssociate Degree, 34%Bachelor's Degree, 59%
Average age4646
Years of experience22

Medicare billing specialist vs billing analyst salary

Medicare billing specialists and billing analysts have different pay scales, as shown below.

Medicare Billing SpecialistBilling Analyst
Average salary$36,773$51,544
Salary rangeBetween $30,000 And $44,000Between $35,000 And $73,000
Highest paying City-Washington, DC
Highest paying state-Alaska
Best paying company-Meta
Best paying industry-Finance

Differences between medicare billing specialist and billing analyst education

There are a few differences between a medicare billing specialist and a billing analyst in terms of educational background:

Medicare Billing SpecialistBilling Analyst
Most common degreeAssociate Degree, 34%Bachelor's Degree, 59%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Medicare billing specialist vs billing analyst demographics

Here are the differences between medicare billing specialists' and billing analysts' demographics:

Medicare Billing SpecialistBilling Analyst
Average age4646
Gender ratioMale, 9.3% Female, 90.7%Male, 29.7% Female, 70.3%
Race ratioBlack or African American, 10.3% Unknown, 4.4% Hispanic or Latino, 16.5% Asian, 7.9% White, 59.8% American Indian and Alaska Native, 1.0%Black or African American, 11.3% Unknown, 4.4% Hispanic or Latino, 18.4% Asian, 7.3% White, 57.7% American Indian and Alaska Native, 0.9%
LGBT Percentage7%7%

Differences between medicare billing specialist and billing analyst duties and responsibilities

Medicare billing specialist example responsibilities.

  • Accept and process healthcare claims and confidential medical records; verify patient eligibility and manage the Medicare and Medicaid billing process.
  • Resolve billing issues, ensure accuracy re: CPT, HCPCS, ICD-9 codes as applicable.
  • Expand knowledge with insurance EOB & Tennessee Medicare (handle denials and some occurring problems )
  • Call Medicare to re-open claims due to date, CPT, units, or other changes.
  • Used CPT-4 coders/Modifiers, ICD-9 codes, HCPCS codes when applicable for the resolution of claim payments.
  • Comply with all HIPPA laws.
  • Show more

Billing analyst example responsibilities.

  • Set up, manage, and terminate ACH accounts.
  • Manage multiple contracts including timely and accurate billing of monthly invoices, payment notifications, and reconciliations.
  • Use of the CMS website to determine the correct LCDs or NCDs for Medicare claims.
  • Master sales, events, and reservations systems.
  • Produce month-end reports from IDX for executive staff.
  • Prepare provisional invoices for billing after provisional rates are receive from DCAA.
  • Show more

Medicare billing specialist vs billing analyst skills

Common medicare billing specialist skills
  • Patients, 20%
  • Patient Accounts, 6%
  • Data Entry, 5%
  • Medicare, 5%
  • Medicaid, 5%
  • CPT, 5%
Common billing analyst skills
  • Customer Service, 16%
  • Patients, 7%
  • Billing Issues, 6%
  • Strong Analytical, 5%
  • Billing System, 5%
  • Data Entry, 4%

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