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Medicare specialist vs revenue specialist

The differences between medicare specialists and revenue specialists can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a medicare specialist, becoming a revenue specialist takes usually requires 1-2 years. Additionally, a revenue specialist has an average salary of $44,779, which is higher than the $36,923 average annual salary of a medicare specialist.

The top three skills for a medicare specialist include customer service, patients and health insurance. The most important skills for a revenue specialist are patients, revenue cycle, and CPT.

Medicare specialist vs revenue specialist overview

Medicare SpecialistRevenue Specialist
Yearly salary$36,923$44,779
Hourly rate$17.75$21.53
Growth rate11%-7%
Number of jobs31,86328,763
Job satisfaction--
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 52%
Average age4548
Years of experience122

Medicare specialist vs revenue specialist salary

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

Medicare SpecialistRevenue Specialist
Average salary$36,923$44,779
Salary rangeBetween $29,000 And $46,000Between $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 specialist and revenue specialist education

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

Medicare SpecialistRevenue Specialist
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Southern California

Medicare specialist vs revenue specialist demographics

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

Medicare SpecialistRevenue Specialist
Average age4548
Gender ratioMale, 23.0% Female, 77.0%Male, 24.3% Female, 75.7%
Race ratioBlack or African American, 8.5% Unknown, 4.4% Hispanic or Latino, 16.1% Asian, 8.0% White, 61.6% American Indian and Alaska Native, 1.4%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 Percentage9%8%

Differences between medicare specialist and revenue specialist duties and responsibilities

Medicare specialist example responsibilities.

  • Manage cases by aggressively directing the litigation process.
  • Submit correct claims when appropriate, assigning ICD-9-CM, CPT, HCPCS, and / or service codes when necessary.
  • Maintain HIPPA compliance with all communications.
  • Obtain accurate ICD-9 codes and process completed CMN's.
  • Include knowledge of ICD-9 codes and state fee schedules/usual and customary.
  • Code claims using the CPT and ICD-9-CM coding systems appropriate at the time.
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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 specialist vs revenue specialist skills

Common medicare specialist skills
  • Customer Service, 9%
  • Patients, 9%
  • Health Insurance, 9%
  • CMS, 7%
  • CPT, 7%
  • Appeals, 6%
Common revenue specialist skills
  • Patients, 17%
  • Revenue Cycle, 13%
  • CPT, 6%
  • Data Entry, 5%
  • Medical Terminology, 5%
  • Medicaid, 5%

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