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The differences between reimbursement analysts and analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a reimbursement analyst, becoming an analyst takes usually requires 2-4 years. Additionally, an analyst has an average salary of $73,007, which is higher than the $65,489 average annual salary of a reimbursement analyst.
The top three skills for a reimbursement analyst include patients, medicare and medicaid. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Reimbursement Analyst | Analyst | |
| Yearly salary | $65,489 | $73,007 |
| Hourly rate | $31.49 | $35.10 |
| Growth rate | 11% | 11% |
| Number of jobs | 10,216 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 67% |
| Average age | 45 | 44 |
| Years of experience | 12 | 4 |
A reimbursement analyst is responsible for determining patients' billing statements and approving reimbursement claims. Reimbursement analysts review reimbursement requests, respond to patients' inquiries and concerns, and resolve billing discrepancies. They also validate patients' information and medical documents to support claims and process reimbursement efficiently. A reimbursement analyst must have excellent analytical and communication skills, as well as have extensive knowledge of the reimbursement policies and procedures to release payments and manage the patients' eligibility for reimbursement.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Reimbursement analysts and analysts have different pay scales, as shown below.
| Reimbursement Analyst | Analyst | |
| Average salary | $65,489 | $73,007 |
| Salary range | Between $48,000 And $87,000 | Between $53,000 And $99,000 |
| Highest paying City | Quincy, MA | Jersey City, NJ |
| Highest paying state | Massachusetts | New Jersey |
| Best paying company | Tufts Health Plan | The Citadel |
| Best paying industry | Pharmaceutical | Technology |
There are a few differences between a reimbursement analyst and an analyst in terms of educational background:
| Reimbursement Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between reimbursement analysts' and analysts' demographics:
| Reimbursement Analyst | Analyst | |
| Average age | 45 | 44 |
| Gender ratio | Male, 27.4% Female, 72.6% | Male, 52.4% Female, 47.6% |
| Race ratio | Black or African American, 9.9% Unknown, 4.2% Hispanic or Latino, 16.4% Asian, 8.4% White, 59.9% American Indian and Alaska Native, 1.2% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 9% | 12% |