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Reimbursement analyst vs medical records technician

The differences between reimbursement analysts and medical records technicians 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 technician. Additionally, a reimbursement analyst has an average salary of $65,489, which is higher than the $37,087 average annual salary of a medical records technician.

The top three skills for a reimbursement analyst include patients, medicare and medicaid. The most important skills for a medical records technician are patients, medical terminology, and HIPAA.

Reimbursement analyst vs medical records technician overview

Reimbursement AnalystMedical Records Technician
Yearly salary$65,489$37,087
Hourly rate$31.49$17.83
Growth rate11%11%
Number of jobs10,21667,660
Job satisfaction--
Most common degreeBachelor's Degree, 62%Associate 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 records technician do?

A medical records technician is responsible for performing administrative duties, handling patients' medical records for medical purposes. Medical records technicians keep an organized database of patients' information, including medical history, diagnosis, healthcare treatments, laboratory schedules, and insurance details using specific healthcare coding procedures. Medical records technicians must be detail-oriented and highly organizational, especially on maintaining the accuracy and confidentiality of patients' information. This job is critical in the healthcare industry for the doctors' reference and determining treatment costs.

Reimbursement analyst vs medical records technician salary

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

Reimbursement AnalystMedical Records Technician
Average salary$65,489$37,087
Salary rangeBetween $48,000 And $87,000Between $28,000 And $48,000
Highest paying CityQuincy, MALong Branch, NJ
Highest paying stateMassachusettsNew Jersey
Best paying companyTufts Health PlanGuidehouse
Best paying industryPharmaceuticalGovernment

Differences between reimbursement analyst and medical records technician education

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

Reimbursement AnalystMedical Records Technician
Most common degreeBachelor's Degree, 62%Associate Degree, 34%
Most common majorBusinessHealth Care Administration
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Reimbursement analyst vs medical records technician demographics

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

Reimbursement AnalystMedical Records Technician
Average age4545
Gender ratioMale, 27.4% Female, 72.6%Male, 18.8% Female, 81.2%
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, 9.3% Unknown, 4.2% Hispanic or Latino, 17.3% Asian, 8.7% White, 59.3% American Indian and Alaska Native, 1.3%
LGBT Percentage9%9%

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

  • Enter all patient in-take into EMR, manage triage, scheduling, and maintain a sterile clinic setting.
  • Manage medical treatment authorizations and durable medical equipment (DME) requests and verify medical eligibility for all patients requesting treatment.
  • Perform examinations in the ER, main radiology area and surgery.
  • Order medical records for patients, medical staff, outside entities, and court subpoenas for certain dates of services.
  • Audited/Validate daily outpatient medical coding accounts involving emergency rooms, surgery, interventional radiology, radiology, and ancillary services.
  • Staff education on EMR and industry regulations.
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Reimbursement analyst vs medical records technician skills

Common reimbursement analyst skills
  • Patients, 11%
  • Medicare, 7%
  • Medicaid, 7%
  • Home Health, 5%
  • Appeals, 5%
  • Revenue Cycle, 4%
Common medical records technician skills
  • Patients, 20%
  • Medical Terminology, 11%
  • HIPAA, 6%
  • Patient Care, 5%
  • Customer Service, 5%
  • Medical Facilities, 4%

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