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Reinsurance claims analyst vs billing analyst

The differences between reinsurance claims analysts and billing analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a reinsurance claims analyst, becoming a billing analyst takes usually requires 1-2 years. Additionally, a reinsurance claims analyst has an average salary of $92,324, which is higher than the $51,544 average annual salary of a billing analyst.

The top three skills for a reinsurance claims analyst include data analysis, surety and client accounts. The most important skills for a billing analyst are customer service, patients, and billing issues.

Reinsurance claims analyst vs billing analyst overview

Reinsurance Claims AnalystBilling Analyst
Yearly salary$92,324$51,544
Hourly rate$44.39$24.78
Growth rate-6%-3%
Number of jobs18,83330,566
Job satisfaction--
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 59%
Average age4446
Years of experience62

Reinsurance claims analyst vs billing analyst salary

Reinsurance claims analysts and billing analysts have different pay scales, as shown below.

Reinsurance Claims AnalystBilling Analyst
Average salary$92,324$51,544
Salary rangeBetween $64,000 And $132,000Between $35,000 And $73,000
Highest paying CitySan Francisco, CAWashington, DC
Highest paying stateWashingtonAlaska
Best paying companyCNA InsuranceMeta
Best paying industryFinanceFinance

Differences between reinsurance claims analyst and billing analyst education

There are a few differences between a reinsurance claims analyst and a billing analyst in terms of educational background:

Reinsurance Claims AnalystBilling Analyst
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 59%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Reinsurance claims analyst vs billing analyst demographics

Here are the differences between reinsurance claims analysts' and billing analysts' demographics:

Reinsurance Claims AnalystBilling Analyst
Average age4446
Gender ratioMale, 38.0% Female, 62.0%Male, 29.7% Female, 70.3%
Race ratioBlack or African American, 10.5% Unknown, 4.4% Hispanic or Latino, 16.4% Asian, 5.1% White, 63.0% American Indian and Alaska Native, 0.5%Black or African American, 11.3% Unknown, 4.4% Hispanic or Latino, 18.4% Asian, 7.3% White, 57.7% American Indian and Alaska Native, 0.9%
LGBT Percentage10%7%

Differences between reinsurance claims analyst and billing analyst duties and responsibilities

Reinsurance claims analyst example responsibilities.

  • Help managed meetings regarding decision making on CMS regulations.
  • Conduct quarterly internal commutations SOX testing.
  • Ensure the privacy and security of protect health information per HIPPA requirements
  • Confirm general ledger shows all accounting transactions for given period and reconciliations are conduct.
  • Request and review documentation and testing in order to qualify patients for Medicare and Medicaid coverage.
  • Analyze office administration support for analysts supporting DOD projects to identify efficiency opportunities to prototype and write report of analysis findings.
  • Show more

Billing analyst example responsibilities.

  • Set up, manage, and terminate ACH accounts.
  • Manage multiple contracts including timely and accurate billing of monthly invoices, payment notifications, and reconciliations.
  • Use of the CMS website to determine the correct LCDs or NCDs for Medicare claims.
  • Master sales, events, and reservations systems.
  • Produce month-end reports from IDX for executive staff.
  • Prepare provisional invoices for billing after provisional rates are receive from DCAA.
  • Show more

Reinsurance claims analyst vs billing analyst skills

Common reinsurance claims analyst skills
  • Data Analysis, 47%
  • Surety, 13%
  • Client Accounts, 7%
  • Reconciliations, 4%
  • Reinsurance Contracts, 4%
  • Financial Reports, 4%
Common billing analyst skills
  • Customer Service, 16%
  • Patients, 7%
  • Billing Issues, 6%
  • Strong Analytical, 5%
  • Billing System, 5%
  • Data Entry, 4%

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