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Medicare billing specialist vs insurance clerk

The differences between medicare billing specialists and insurance clerks can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a medicare billing specialist, becoming an insurance clerk takes usually requires 2-4 years. Additionally, a medicare billing specialist has an average salary of $36,773, which is higher than the $33,089 average annual salary of an insurance clerk.

The top three skills for a medicare billing specialist include patients, patient accounts and data entry. The most important skills for an insurance clerk are patients, insurance verification, and data entry.

Medicare billing specialist vs insurance clerk overview

Medicare Billing SpecialistInsurance Clerk
Yearly salary$36,773$33,089
Hourly rate$17.68$15.91
Growth rate-3%-3%
Number of jobs54,593147,755
Job satisfaction-2
Most common degreeAssociate Degree, 34%High School Diploma, 29%
Average age4644
Years of experience24

Medicare billing specialist vs insurance clerk salary

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

Medicare Billing SpecialistInsurance Clerk
Average salary$36,773$33,089
Salary rangeBetween $30,000 And $44,000Between $27,000 And $39,000
Highest paying City-Henderson, NV
Highest paying state-New Hampshire
Best paying company-Lenoir Memorial Hospital
Best paying industry-Finance

Differences between medicare billing specialist and insurance clerk education

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

Medicare Billing SpecialistInsurance Clerk
Most common degreeAssociate Degree, 34%High School Diploma, 29%
Most common majorBusinessBusiness
Most common collegeUniversity of Pennsylvania-

Medicare billing specialist vs insurance clerk demographics

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

Medicare Billing SpecialistInsurance Clerk
Average age4644
Gender ratioMale, 9.3% Female, 90.7%Male, 8.3% Female, 91.7%
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, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5%
LGBT Percentage7%11%

Differences between medicare billing specialist and insurance clerk 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.
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Insurance clerk example responsibilities.

  • Manage front office check-in, insurance verification and certifications from doctors.
  • Establish and implement procedures for completion of patient super bills with proper diagnostic coding utilizing ICD-9 and CPT code manuals.
  • Maintain patient medical records insuring diagnosis codes (ICD-9) are itemized correctly and name and address of insurance carriers record.
  • Schedule and obtain authorization for outpatient procedures for patients via private insurance, worker's compensation, and Medicare/ Medicaid.
  • Complete several ICD-10 training courses.
  • Perform medical coding with most accurate and descriptive HCPCS code.
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Medicare billing specialist vs insurance clerk skills

Common medicare billing specialist skills
  • Patients, 20%
  • Patient Accounts, 6%
  • Data Entry, 5%
  • Medicare, 5%
  • Medicaid, 5%
  • CPT, 5%
Common insurance clerk skills
  • Patients, 25%
  • Insurance Verification, 7%
  • Data Entry, 7%
  • Customer Service, 6%
  • Insurance Coverage, 5%
  • Computer System, 3%

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