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The differences between reimbursement specialists 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 specialist and an information management specialist. Additionally, an information management specialist has an average salary of $54,515, which is higher than the $38,273 average annual salary of a reimbursement specialist.
The top three skills for a reimbursement specialist include patients, customer service and appeals. The most important skills for an information management specialist are patients, customer service, and medical terminology.
| Reimbursement Specialist | Information Management Specialist | |
| Yearly salary | $38,273 | $54,515 |
| Hourly rate | $18.40 | $26.21 |
| Growth rate | 11% | 11% |
| Number of jobs | 32,292 | 151,152 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 40% | Bachelor's Degree, 47% |
| Average age | 45 | 45 |
| Years of experience | 12 | 12 |
A reimbursement specialist is responsible for analyzing insurance documents, processing reimbursement claims, and releasing accurate billing statements for insurance claims. Reimbursement specialists must have excellent analytical skills, especially on performing clerical tasks to evaluate insurance cases, investigate cases, and update the account information of the clients on the database. They should also have impeccable communication skills and understanding of the insurance processes to be able to coordinate with the clients, explaining the procedures of their claims accurately, and coordinate with the insurance management to improve the claims processes.
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 specialists and information management specialists have different pay scales, as shown below.
| Reimbursement Specialist | Information Management Specialist | |
| Average salary | $38,273 | $54,515 |
| Salary range | Between $29,000 And $49,000 | Between $28,000 And $105,000 |
| Highest paying City | Lynchburg, VA | Greenwich, CT |
| Highest paying state | Virginia | Connecticut |
| Best paying company | Novartis | McKinsey & Company Inc |
| Best paying industry | Pharmaceutical | Technology |
There are a few differences between a reimbursement specialist and an information management specialist in terms of educational background:
| Reimbursement Specialist | Information Management Specialist | |
| Most common degree | Bachelor's Degree, 40% | Bachelor's Degree, 47% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between reimbursement specialists' and information management specialists' demographics:
| Reimbursement Specialist | Information Management Specialist | |
| Average age | 45 | 45 |
| Gender ratio | Male, 15.2% Female, 84.8% | Male, 39.8% Female, 60.2% |
| Race ratio | Black or African American, 9.8% Unknown, 4.2% Hispanic or Latino, 16.9% Asian, 8.1% White, 59.8% American Indian and Alaska Native, 1.3% | 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% |