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Medicare billing specialist vs medical billing and coding externship

The differences between medicare billing specialists and medical billing and coding externships 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 medical billing and coding externship. Additionally, a medicare billing specialist has an average salary of $36,773, which is higher than the $36,112 average annual salary of a medical billing and coding externship.

The top three skills for a medicare billing specialist include patients, patient accounts and data entry. The most important skills for a medical billing and coding externship are patients, insurance eligibility, and data entry.

Medicare billing specialist vs medical billing and coding externship overview

Medicare Billing SpecialistMedical Billing And Coding Externship
Yearly salary$36,773$36,112
Hourly rate$17.68$17.36
Growth rate-3%-3%
Number of jobs54,59398,089
Job satisfaction--
Most common degreeAssociate Degree, 34%Diploma, 43%
Average age4646
Years of experience22

Medicare billing specialist vs medical billing and coding externship salary

Medicare billing specialists and medical billing and coding externships have different pay scales, as shown below.

Medicare Billing SpecialistMedical Billing And Coding Externship
Average salary$36,773$36,112
Salary rangeBetween $30,000 And $44,000Between $30,000 And $42,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between medicare billing specialist and medical billing and coding externship education

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

Medicare Billing SpecialistMedical Billing And Coding Externship
Most common degreeAssociate Degree, 34%Diploma, 43%
Most common majorBusinessHealth Care Administration
Most common collegeUniversity of PennsylvaniaBoston University

Medicare billing specialist vs medical billing and coding externship demographics

Here are the differences between medicare billing specialists' and medical billing and coding externships' demographics:

Medicare Billing SpecialistMedical Billing And Coding Externship
Average age4646
Gender ratioMale, 9.3% Female, 90.7%Male, 11.8% Female, 88.2%
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, 10.6% Unknown, 4.3% Hispanic or Latino, 21.8% Asian, 6.8% White, 55.7% American Indian and Alaska Native, 0.8%
LGBT Percentage7%7%

Differences between medicare billing specialist and medical billing and coding externship 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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Medical billing and coding externship example responsibilities.

  • Manage chart completion (ICD-9-CM and CPT coding/abstracting), chart assembly and analysis, patient admission and patient information privacy/security.
  • Verify correct ICD-10 and CPT codes for a variety of specialties.
  • Review physicians' appointment notes to determine appropriate ICD-9 and HCPCS code for the medical service render.
  • Identify and code the principal diagnosis and procedures using ICD-9-CM and CPT-4 codes to each patient's medical records
  • Perform billing and collection procedures, utilize CPT-4 and ICD-9 coding, insurance claim preparation, processing and follow-ups.
  • Resolve and research of insurance denials, rejections, providing correction of claims, involving CPT and HCPCS codes.
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Medicare billing specialist vs medical billing and coding externship skills

Common medicare billing specialist skills
  • Patients, 20%
  • Patient Accounts, 6%
  • Data Entry, 5%
  • Medicare, 5%
  • Medicaid, 5%
  • CPT, 5%
Common medical billing and coding externship skills
  • Patients, 23%
  • Insurance Eligibility, 6%
  • Data Entry, 5%
  • EOB, 5%
  • Insurance Verification, 4%
  • CPT-4, 3%

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