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Reimbursement analyst vs records coordinator

The differences between reimbursement analysts and records coordinators 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 records coordinator. Additionally, a reimbursement analyst has an average salary of $65,489, which is higher than the $40,360 average annual salary of a records coordinator.

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

Reimbursement analyst vs records coordinator overview

Reimbursement AnalystRecords Coordinator
Yearly salary$65,489$40,360
Hourly rate$31.49$19.40
Growth rate11%11%
Number of jobs10,21625,060
Job satisfaction--
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 51%
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 records coordinator do?

A records coordinator takes responsibility for doing administrative and clerical work. Records coordinators maintain the filing system of the central records. They monitor, post, and process university forms for personnel and budgetary actions. It is their job to maintain an organized central filing system. They must know the requirements applicable to their organization. There are certain skills every records coordinator should acquire. Some of them are skills in procurement management, organizational, negotiation, finance and accounting, and analytical.

Reimbursement analyst vs records coordinator salary

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

Reimbursement AnalystRecords Coordinator
Average salary$65,489$40,360
Salary rangeBetween $48,000 And $87,000Between $30,000 And $53,000
Highest paying CityQuincy, MATrenton, NJ
Highest paying stateMassachusettsNew Jersey
Best paying companyTufts Health PlanThe American Musical and Dramatic Academy
Best paying industryPharmaceuticalEnergy

Differences between reimbursement analyst and records coordinator education

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

Reimbursement AnalystRecords Coordinator
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 51%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaStanford University

Reimbursement analyst vs records coordinator demographics

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

Reimbursement AnalystRecords Coordinator
Average age4545
Gender ratioMale, 27.4% Female, 72.6%Male, 26.7% Female, 73.3%
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, 9.5% Unknown, 4.2% Hispanic or Latino, 17.6% Asian, 8.5% White, 59.0% American Indian and Alaska Native, 1.3%
LGBT Percentage9%9%

Differences between reimbursement analyst and records coordinator 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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Records coordinator example responsibilities.

  • Manage and maintain appropriate information in the electronic case file as required by federal, state, and HIPAA regulations.
  • Manage SharePoint site used for routing management approvals.
  • Assist DoD and contract personnel in digitizing intelligence onto secure severs for use by senior DoD agencies.
  • Maintain forms inventory in preparation for the EHR.
  • Forward records/documents as requested by FDA staff and outside vendors.
  • Perform software validation testing and QA testing for new CAPA system implementation.
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Reimbursement analyst vs records coordinator skills

Common reimbursement analyst skills
  • Patients, 11%
  • Medicare, 7%
  • Medicaid, 7%
  • Home Health, 5%
  • Appeals, 5%
  • Revenue Cycle, 4%
Common records coordinator skills
  • Customer Service, 24%
  • Data Entry, 20%
  • Patients, 16%
  • HIPAA, 6%
  • Hard Copy, 3%
  • Subpoenas, 3%

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