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Medicare billing specialist vs revenue specialist

The differences between medicare billing specialists and revenue specialists 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 revenue specialist. Additionally, a revenue specialist has an average salary of $44,779, 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 revenue specialist are patients, revenue cycle, and CPT.

Medicare billing specialist vs revenue specialist overview

Medicare Billing SpecialistRevenue Specialist
Yearly salary$36,773$44,779
Hourly rate$17.68$21.53
Growth rate-3%-7%
Number of jobs54,59328,763
Job satisfaction--
Most common degreeAssociate Degree, 34%Bachelor's Degree, 52%
Average age4648
Years of experience22

Medicare billing specialist vs revenue specialist salary

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

Medicare Billing SpecialistRevenue Specialist
Average salary$36,773$44,779
Salary rangeBetween $30,000 And $44,000Between $28,000 And $71,000
Highest paying City-Camden, NJ
Highest paying state-New Jersey
Best paying company-McKinsey & Company Inc
Best paying industry-Manufacturing

Differences between medicare billing specialist and revenue specialist education

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

Medicare Billing SpecialistRevenue Specialist
Most common degreeAssociate Degree, 34%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Southern California

Medicare billing specialist vs revenue specialist demographics

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

Medicare Billing SpecialistRevenue Specialist
Average age4648
Gender ratioMale, 9.3% Female, 90.7%Male, 24.3% Female, 75.7%
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, 12.9% Unknown, 3.2% Hispanic or Latino, 16.2% Asian, 9.9% White, 57.5% American Indian and Alaska Native, 0.2%
LGBT Percentage7%8%

Differences between medicare billing specialist and revenue specialist 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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Revenue specialist example responsibilities.

  • Process account receivables, charge entry, claims, and reimbursement in adherence to Medicare and all HMO guidelines.
  • Establish a strong understanding of ICD-9 diagnosis and medical inventory codes.
  • Work claim edits to ensure clean claim billing to Medicare/Medicare HMO's.
  • Review the complex medical records and accurately codes primary/secondary diagnoses and procedures using ICD-10-CM and CPT coding conventions.
  • Initiate appeals and ensure required documentation are submitted in the appeals process.
  • Complete appeals when authorization are not obtain and or unusual procedure are performed.
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Medicare billing specialist vs revenue specialist skills

Common medicare billing specialist skills
  • Patients, 20%
  • Patient Accounts, 6%
  • Data Entry, 5%
  • Medicare, 5%
  • Medicaid, 5%
  • CPT, 5%
Common revenue specialist skills
  • Patients, 17%
  • Revenue Cycle, 13%
  • CPT, 6%
  • Data Entry, 5%
  • Medical Terminology, 5%
  • Medicaid, 5%

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