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Provider enrollment specialist vs retirement specialist

The differences between provider enrollment specialists and retirement specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a provider enrollment specialist and a retirement specialist. Additionally, a retirement specialist has an average salary of $40,474, which is higher than the $39,494 average annual salary of a provider enrollment specialist.

The top three skills for a provider enrollment specialist include data entry, patients and CAQH. The most important skills for a retirement specialist are life insurance, HR, and recordkeeping.

Provider enrollment specialist vs retirement specialist overview

Provider Enrollment SpecialistRetirement Specialist
Yearly salary$39,494$40,474
Hourly rate$18.99$19.46
Growth rate7%7%
Number of jobs42,27124,916
Job satisfaction--
Most common degreeBachelor's Degree, 46%Bachelor's Degree, 71%
Average age4545
Years of experience66

What does a provider enrollment specialist do?

A provider enrollment specialist is in charge of handling application procedures in a company or facility. Their responsibilities typically revolve around gathering information, reviewing and verifying requirements, processing applications, and liaising with clients. They may also maintain and update databases, assist during complicated procedures, and ensure that all requirements are complete and accurate. Furthermore, as a provider enrollment specialist, it is essential to discuss terms and conditions to clients, helping them understand the company's policies and regulations, including its vision and mission.

What does a retirement specialist do?

A retirement specialist is responsible for designing and implementing retirement packages such as benefits, savings, profit sharing, and pensions to the employees of a certain company. They work together with the human resource department to ensure that all retirees can access their benefits and pensions. Their duties and responsibilities include explaining the different retirement packages to the potential beneficiaries and working with HR to resolve any issues.

Provider enrollment specialist vs retirement specialist salary

Provider enrollment specialists and retirement specialists have different pay scales, as shown below.

Provider Enrollment SpecialistRetirement Specialist
Average salary$39,494$40,474
Salary rangeBetween $28,000 And $54,000Between $29,000 And $56,000
Highest paying CityOakland, CANewark, NJ
Highest paying stateAlaskaNew Jersey
Best paying companyMcKinsey & Company IncAmgen
Best paying industryTechnologyFinance

Differences between provider enrollment specialist and retirement specialist education

There are a few differences between a provider enrollment specialist and a retirement specialist in terms of educational background:

Provider Enrollment SpecialistRetirement Specialist
Most common degreeBachelor's Degree, 46%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Provider enrollment specialist vs retirement specialist demographics

Here are the differences between provider enrollment specialists' and retirement specialists' demographics:

Provider Enrollment SpecialistRetirement Specialist
Average age4545
Gender ratioMale, 19.6% Female, 80.4%Male, 52.0% Female, 48.0%
Race ratioBlack or African American, 12.5% Unknown, 3.6% Hispanic or Latino, 15.6% Asian, 7.5% White, 60.4% American Indian and Alaska Native, 0.3%Black or African American, 10.8% Unknown, 3.6% Hispanic or Latino, 15.4% Asian, 7.7% White, 62.2% American Indian and Alaska Native, 0.3%
LGBT Percentage9%9%

Differences between provider enrollment specialist and retirement specialist duties and responsibilities

Provider enrollment specialist example responsibilities.

  • Manage federal and state-mandate physician credentialing activities; act as NCQA committee liaison.
  • Provide enrollment counseling to eligible recipients about Medicaid manage care and promote their voluntary enrollment into an HMO.
  • Review provider enrollment applications to ensure the credentials and licenses meet all requirements for participation in the Medicare program.
  • Verify provider is eligible to participate in Medicare according to CMS guidelines.
  • Verify claim information using ICD-9 and medical terminology and CHAMPUS/ TRICARE guidelines .!
  • Complete require forms and application for changes or updates in billing systems including EFT and or notification of Athena.
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Retirement specialist example responsibilities.

  • Manage and resolve participant escalations and requests from DOL.
  • Lead major initiatives in 3concurrent roles successfully manage affluent personal and business portfolio to proactively cross-sell additional products and services.
  • Review social security, Medicare, annuities and tax relate questions.
  • Process recalculations and payroll for retirees resuming their retirement benefits.
  • Utilize ASC and SRT recordkeeping systems.
  • Educate participants, clients and third party facilitators on various ERISA regulations and procedures.
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Provider enrollment specialist vs retirement specialist skills

Common provider enrollment specialist skills
  • Data Entry, 12%
  • Patients, 12%
  • CAQH, 9%
  • Medicare, 7%
  • Medicaid, 7%
  • Provider Enrollment Applications, 6%
Common retirement specialist skills
  • Life Insurance, 11%
  • HR, 10%
  • Recordkeeping, 8%
  • Payroll, 8%
  • Medicare, 7%
  • Financial Products, 6%

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