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Reimbursement analyst vs medical record assistant

The differences between reimbursement analysts and medical record assistants 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 a medical record assistant. Additionally, a reimbursement analyst has an average salary of $65,489, which is higher than the $34,870 average annual salary of a medical record assistant.

The top three skills for a reimbursement analyst include patients, medicare and medicaid. The most important skills for a medical record assistant are patients, data entry, and HIPAA.

Reimbursement analyst vs medical record assistant overview

Reimbursement AnalystMedical Record Assistant
Yearly salary$65,489$34,870
Hourly rate$31.49$16.76
Growth rate11%11%
Number of jobs10,21691,238
Job satisfaction--
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 34%
Average age4545
Years of experience1212

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 a medical record assistant do?

A medical record assistant is responsible for the proper documentation of the patients' information and medical records for reference to the attending physician or other medical professionals. Medical record assistants also track the patient's medical treatments and progress, as well as their health insurance details and coverage. They also respond to the patient's inquiries and concerns, including scheduling physician's appointments and updating the patients for any released medical results. A medical record assistant must have excellent communication and organizational skills, categorizing documents, and retrieving files for medical needs.

Reimbursement analyst vs medical record assistant salary

Reimbursement analysts and medical record assistants have different pay scales, as shown below.

Reimbursement AnalystMedical Record Assistant
Average salary$65,489$34,870
Salary rangeBetween $48,000 And $87,000Between $28,000 And $43,000
Highest paying CityQuincy, MANapa, CA
Highest paying stateMassachusettsAlaska
Best paying companyTufts Health PlanNelson Mullins Riley & Scarborough
Best paying industryPharmaceuticalGovernment

Differences between reimbursement analyst and medical record assistant education

There are a few differences between a reimbursement analyst and a medical record assistant in terms of educational background:

Reimbursement AnalystMedical Record Assistant
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 34%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Reimbursement analyst vs medical record assistant demographics

Here are the differences between reimbursement analysts' and medical record assistants' demographics:

Reimbursement AnalystMedical Record Assistant
Average age4545
Gender ratioMale, 27.4% Female, 72.6%Male, 17.3% Female, 82.7%
Race ratioBlack 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, 9.1% Unknown, 4.2% Hispanic or Latino, 16.9% Asian, 8.5% White, 60.0% American Indian and Alaska Native, 1.3%
LGBT Percentage9%9%

Differences between reimbursement analyst and medical record assistant 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.
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Medical record assistant example responsibilities.

  • Lead special department-wide task force initiative to minimize abuse of Oxycontin prescriptions bill to Medicaid.
  • Manage and organize all paperwork concerning caregivers and patients; organize filing system; ensure operation of electronic filing systems.
  • Work with EHR, provide medical records to patients and specialty centers.
  • Guide department through transition from paper charts to EHR system scan all patient records into database.
  • Scan documents into electronic medical records system and certify HIPAA compliance
  • Implement HIPAA guidelines in keeping patient information secure and confidential.
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Reimbursement analyst vs medical record assistant skills

Common reimbursement analyst skills
  • Patients, 11%
  • Medicare, 7%
  • Medicaid, 7%
  • Home Health, 5%
  • Appeals, 5%
  • Revenue Cycle, 4%
Common medical record assistant skills
  • Patients, 37%
  • Data Entry, 8%
  • HIPAA, 6%
  • Patient Care, 4%
  • Vital Signs, 4%
  • Medical Terminology, 3%

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