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Quality improvement specialist vs funding specialist

The differences between quality improvement specialists and funding specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a quality improvement specialist has an average salary of $67,474, which is higher than the $43,459 average annual salary of a funding specialist.

The top three skills for a quality improvement specialist include performance improvement, quality improvement and data collection. The most important skills for a funding specialist are data entry, excellent organizational, and ACH.

Quality improvement specialist vs funding specialist overview

Quality Improvement SpecialistFunding Specialist
Yearly salary$67,474$43,459
Hourly rate$32.44$20.89
Growth rate28%-3%
Number of jobs80,50447,806
Job satisfaction--
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 61%
Average age4444
Years of experience--

What does a quality improvement specialist do?

A Quality Improvement Specialist in the healthcare system ensures all data and information from patients are correctly handled and coordinates care to the patient. It is the quality improvement specialist's job to ensure that patients get the quality care they needed by creating, developing, and implementing policies set in a medical facility to help patients. A quality improvement specialist must know how to use office-related computer programs, preferably have a degree in the health or medical field, and have good organizational skills.

What does a funding specialist do?

A Funding Specialist is in charge of facilitating the funding procedures of a company. They mainly function by identifying the funding needs of projects and programs, conducting extensive research and analyses, and developing plans and strategies to secure funding, all while adhering to the company's policies and regulations. Moreover, aside from planning, a funding specialist is also responsible for liaising with internal and external parties, establishing budget guidelines, preparing and processing documents, and resolving issues promptly and efficiently should any arise.

Quality improvement specialist vs funding specialist salary

Quality improvement specialists and funding specialists have different pay scales, as shown below.

Quality Improvement SpecialistFunding Specialist
Average salary$67,474$43,459
Salary rangeBetween $47,000 And $96,000Between $30,000 And $62,000
Highest paying CitySanta Rosa, CAUrban Honolulu, HI
Highest paying stateMassachusettsHawaii
Best paying companyTechnipFMCNorthern Trust
Best paying industryAutomotiveFinance

Differences between quality improvement specialist and funding specialist education

There are a few differences between a quality improvement specialist and a funding specialist in terms of educational background:

Quality Improvement SpecialistFunding Specialist
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 61%
Most common majorNursingBusiness
Most common collegeWestern Carolina UniversityWestern Carolina University

Quality improvement specialist vs funding specialist demographics

Here are the differences between quality improvement specialists' and funding specialists' demographics:

Quality Improvement SpecialistFunding Specialist
Average age4444
Gender ratioMale, 24.8% Female, 75.2%Male, 36.9% Female, 63.1%
Race ratioBlack or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%
LGBT Percentage11%11%

Differences between quality improvement specialist and funding specialist duties and responsibilities

Quality improvement specialist example responsibilities.

  • Manage action planning as it relates to the RCA process.
  • Design, run, and manage the HEDIS data review process/claim encounters to ensure accuracy and integrity of data.
  • Lead company-wide preparation for NCQA accreditation.
  • Assist organization in achieving strategic quality/resource consumption goals and JCAHO accreditation.
  • Design and manage an internal SharePoint site utilize compliance with RESPA guidelines
  • Manage investigations using applicable methodology focuse on root cause analysis and CAPA identification / implementation.
  • Show more

Funding specialist example responsibilities.

  • Manage a variety of operational tasks for moderately complex securities transactions that require knowledge of vary systems and processes.
  • Assist the quantitative analyst in improving the work efficiency by optimizing VBA codes for the fund analysis.
  • Work daily with equities, fix income, futures, swaps, options, FX and other derivative instruments.
  • Facilitate month-end close processes, invoicing, journal entries and account reconciliations
  • Perform extensive market research in Bloomberg terminals and Capital-IQ to analyze companies.
  • Prepare PowerPoint presentations and updates of financial spreadsheets for internal and external distribution.
  • Show more

Quality improvement specialist vs funding specialist skills

Common quality improvement specialist skills
  • Performance Improvement, 8%
  • Quality Improvement, 7%
  • Data Collection, 7%
  • Patients, 5%
  • Patient Safety, 5%
  • Process Improvement, 4%
Common funding specialist skills
  • Data Entry, 11%
  • Excellent Organizational, 9%
  • ACH, 7%
  • Quality Customer Service, 6%
  • Escrow, 5%
  • Loan Packages, 4%

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