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Reimbursement analyst vs medical records clerk

The differences between reimbursement analysts and medical records clerks 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 records clerk. Additionally, a reimbursement analyst has an average salary of $65,489, which is higher than the $32,491 average annual salary of a medical records clerk.

The top three skills for a reimbursement analyst include patients, medicare and medicaid. The most important skills for a medical records clerk are patients, customer service, and data entry.

Reimbursement analyst vs medical records clerk overview

Reimbursement AnalystMedical Records Clerk
Yearly salary$65,489$32,491
Hourly rate$31.49$15.62
Growth rate11%11%
Number of jobs10,216129,998
Job satisfaction-5
Most common degreeBachelor's Degree, 62%Associate Degree, 29%
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 records clerk do?

Medical records clerks are employees in hospitals or clinics who manage office records. They are in charge of creating, updating, and filing patient-related medical records and other related documents. They ensure that all documents are correctly filled out and labeled before storing them safely in their respective storage areas. They may also be in charge of digitizing forms for easier access to files and back up purposes. They ensure that medical records are exact and updated. Medical records clerks should be organized and must always be on top of all tasks related to patient or medical records.

Reimbursement analyst vs medical records clerk salary

Reimbursement analysts and medical records clerks have different pay scales, as shown below.

Reimbursement AnalystMedical Records Clerk
Average salary$65,489$32,491
Salary rangeBetween $48,000 And $87,000Between $25,000 And $40,000
Highest paying CityQuincy, MARochester, NY
Highest paying stateMassachusettsAlaska
Best paying companyTufts Health PlanUniversity of California, Berkeley
Best paying industryPharmaceuticalHealth Care

Differences between reimbursement analyst and medical records clerk education

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

Reimbursement AnalystMedical Records Clerk
Most common degreeBachelor's Degree, 62%Associate Degree, 29%
Most common majorBusinessHealth Care Administration
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Reimbursement analyst vs medical records clerk demographics

Here are the differences between reimbursement analysts' and medical records clerks' demographics:

Reimbursement AnalystMedical Records Clerk
Average age4545
Gender ratioMale, 27.4% Female, 72.6%Male, 13.1% Female, 86.9%
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, 9.2% Unknown, 4.2% Hispanic or Latino, 17.3% Asian, 7.8% White, 60.2% American Indian and Alaska Native, 1.3%
LGBT Percentage9%9%

Differences between reimbursement analyst and medical records clerk 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 records clerk example responsibilities.

  • Manage transition from in-house transcription system to outsource transcription service.
  • Manage front office check-in, insurance verification and certifications from doctors.
  • Accept and process healthcare claims and confidential medical records; verify patient eligibility and manage the Medicare and Medicaid billing process.
  • Perform infant labs and update the system with results, triage incoming patients, perform necessary resuscitation to baby and mom.
  • Provide information to medical facilities and patients when necessary and respond to subpoenas and other general release of patient information.
  • Experience in CPT and ICD-10 coding.
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Reimbursement analyst vs medical records clerk skills

Common reimbursement analyst skills
  • Patients, 11%
  • Medicare, 7%
  • Medicaid, 7%
  • Home Health, 5%
  • Appeals, 5%
  • Revenue Cycle, 4%
Common medical records clerk skills
  • Patients, 27%
  • Customer Service, 9%
  • Data Entry, 7%
  • Medical Terminology, 6%
  • HIPAA, 5%
  • Patient Care, 4%

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