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Registration specialist vs revenue specialist

The differences between registration specialists and revenue specialists can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a registration 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 $30,422 average annual salary of a registration specialist.

The top three skills for a registration specialist include patients, customer service and medical terminology. The most important skills for a revenue specialist are patients, revenue cycle, and CPT.

Registration specialist vs revenue specialist overview

Registration SpecialistRevenue Specialist
Yearly salary$30,422$44,779
Hourly rate$14.63$21.53
Growth rate-4%-7%
Number of jobs79,11828,763
Job satisfaction--
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 52%
Average age4048
Years of experience42

What does a registration specialist do?

A registration specialist is responsible for managing patient information, including the verification of their insurance details and medical treatment schedules. Registration specialists assign admission rooms and processing payments for discharge. They also assist patients with the completion of medical forms by helping them fill-out papers with the most accurate information. A registration specialist performs administrative and clerical duties as needed, requiring them to have excellent data management skills to process information and provide the highest quality care services for the patients.

What does a revenue specialist do?

A revenue specialist is in charge of overseeing and processing payments for their company, ensuring accuracy and timeliness. Their responsibilities revolve around reviewing invoices and insurance claims, monitoring tax deductions and expenses, liaising with external parties, collecting payments, producing progress and revenue reports, and maintaining records of all transactions. Furthermore, as a revenue specialist, it is essential to devise strategies for managing revenues, all while upholding the company's policies and regulations, including its vision and mission.

Registration specialist vs revenue specialist salary

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

Registration SpecialistRevenue Specialist
Average salary$30,422$44,779
Salary rangeBetween $23,000 And $40,000Between $28,000 And $71,000
Highest paying CityBoston, MACamden, NJ
Highest paying stateMassachusettsNew Jersey
Best paying companyDeloitteMcKinsey & Company Inc
Best paying industryHealth CareManufacturing

Differences between registration specialist and revenue specialist education

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

Registration SpecialistRevenue Specialist
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Southern California

Registration specialist vs revenue specialist demographics

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

Registration SpecialistRevenue Specialist
Average age4048
Gender ratioMale, 14.5% Female, 85.5%Male, 24.3% Female, 75.7%
Race ratioBlack or African American, 10.7% Unknown, 5.1% Hispanic or Latino, 18.0% Asian, 6.0% White, 59.5% American Indian and Alaska Native, 0.7%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 registration specialist and revenue specialist duties and responsibilities

Registration specialist example responsibilities.

  • Attain and authenticate patient insurance information, counsel patients on changes in insurance policies, verify patient demographics.
  • Help patients through the registration and admitting processes and also contribute to the PBX department.
  • Input data entries for insurance billing; adding CPT codes and diagnosis from face sheets as patients arrive.
  • Act as hospital PBX operator.
  • Complete all charge entry, enter all CPT and ICD-9 codes for billing for multiple doctors each day.
  • Enter patient information and verify information according to HIPAA regulations.
  • Show more

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.
  • Show more

Registration specialist vs revenue specialist skills

Common registration specialist skills
  • Patients, 25%
  • Customer Service, 14%
  • Medical Terminology, 8%
  • Patient Registration, 5%
  • Insurance Verification, 4%
  • Data Entry, 4%
Common revenue specialist skills
  • Patients, 17%
  • Revenue Cycle, 13%
  • CPT, 6%
  • Data Entry, 5%
  • Medical Terminology, 5%
  • Medicaid, 5%

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