Reimbursement analyst vs information management specialist

The differences between reimbursement analysts and information management specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a reimbursement analyst and an information management specialist. Additionally, a reimbursement analyst has an average salary of $65,489, which is higher than the $54,515 average annual salary of an information management specialist.

The top three skills for a reimbursement analyst include patients, medicare and medicaid. The most important skills for an information management specialist are patients, customer service, and medical terminology.

Reimbursement analyst vs information management specialist overview

	Reimbursement Analyst	Information Management Specialist
Yearly salary	$65,489	$54,515
Hourly rate	$31.49	$26.21
Growth rate	11%	11%
Number of jobs	10,216	151,152
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 62%	Bachelor's Degree, 47%
Average age	45	45
Years of experience	12	12

What does a reimbursement analyst do?

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.

What does an information management specialist do?

An information management specialist is responsible for maintaining the security benchmark of all databases across the organization to support business functions and client requirements. Information management specialists sort and file data on the network systems and pull up reports from the storage database. They also analyze project management plans and utilize data tools to identify solutions and collect critical information. An information management specialist handles data management system troubleshooting and provide resolution reports to avoid downtime reoccurrence.

Reimbursement analyst vs information management specialist salary

Reimbursement analysts and information management specialists have different pay scales, as shown below.

	Reimbursement Analyst	Information Management Specialist
Average salary	$65,489	$54,515
Salary range	Between $48,000 And $87,000	Between $28,000 And $105,000
Highest paying City	Quincy, MA	Greenwich, CT
Highest paying state	Massachusetts	Connecticut
Best paying company	Tufts Health Plan	McKinsey & Company Inc
Best paying industry	Pharmaceutical	Technology

Differences between reimbursement analyst and information management specialist education

There are a few differences between a reimbursement analyst and an information management specialist in terms of educational background:

	Reimbursement Analyst	Information Management Specialist
Most common degree	Bachelor's Degree, 62%	Bachelor's Degree, 47%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Southern California

Reimbursement analyst vs information management specialist demographics

Here are the differences between reimbursement analysts' and information management specialists' demographics:

	Reimbursement Analyst	Information Management Specialist
Average age	45	45
Gender ratio	Male, 27.4% Female, 72.6%	Male, 39.8% Female, 60.2%
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, 10.2% Unknown, 4.2% Hispanic or Latino, 17.1% Asian, 8.9% White, 58.3% American Indian and Alaska Native, 1.3%
LGBT Percentage	9%	9%

Differences between reimbursement analyst and information management specialist duties and responsibilities

Reimbursement analyst example responsibilities.

Cultivate relationships with key contacts at insurance companies and manage care organizations, CMS and medical professional societies.
Contract interpretation and enforcement of the agreement with multiple medical insurance companies through written and oral appeals is accomplished daily.
Coordinate third party audits, defend preferential reporting practices and maintain current knowledge of Medicare and Medicaid reimbursement regulations.
Update Meditech charge master with correct pharmacy pricing and HCPCS codes.
Provide overall follow-up and coordination with Medicare and Medicare HMO plans and process with Medicare and Medicare HMO adjustments.
Train on and implement eClinicalworks for several physician practices, taking them live from paper to full electronic medical records.

Information management specialist example responsibilities.

Manage a database to track all adverse drug reactions according to FDA guidelines.
Manage the IM application and infrastructure to maximize the use of standard applications and processes.
Write and modify Perl scripts to automate and streamline daily routines for the Tivoli environment.
Manage the current MPI program and patient portal, with direct supervision of data integrity processes and outcomes.
Achieve this goal by providing clear policies/justification for initiatives which impact designated FTE's.
Test configuration of DNS and DHCP functionality, configure VPN connections with IPSEC and PKI authentication methods.

Reimbursement analyst vs information management specialist skills

Common reimbursement analyst skills

Patients, 11%
Medicare, 7%
Medicaid, 7%
Home Health, 5%
Appeals, 5%
Revenue Cycle, 4%

Common information management specialist skills

Patients, 19%
Customer Service, 11%
Medical Terminology, 8%
Patient Care, 6%
HIPAA, 5%
Data Entry, 4%

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Reimbursement Analyst vs Information Management Specialist

Updated January 8, 2025

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