Post job

Reinsurance claims analyst vs medical claims analyst

The differences between reinsurance claims analysts and medical claims analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a reinsurance claims analyst and a medical claims analyst. Additionally, a reinsurance claims analyst has an average salary of $92,324, which is higher than the $46,708 average annual salary of a medical claims analyst.

The top three skills for a reinsurance claims analyst include data analysis, surety and client accounts. The most important skills for a medical claims analyst are medical terminology, medicaid, and medical insurance claims.

Reinsurance claims analyst vs medical claims analyst overview

Reinsurance Claims AnalystMedical Claims Analyst
Yearly salary$92,324$46,708
Hourly rate$44.39$22.46
Growth rate-6%-6%
Number of jobs18,83365,897
Job satisfaction--
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 36%
Average age4444
Years of experience66

Reinsurance claims analyst vs medical claims analyst salary

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

Reinsurance Claims AnalystMedical Claims Analyst
Average salary$92,324$46,708
Salary rangeBetween $64,000 And $132,000Between $32,000 And $68,000
Highest paying CitySan Francisco, CABridgewater, NJ
Highest paying stateWashingtonNew Jersey
Best paying companyCNA InsuranceMontefiore Mount Vernon Hospital
Best paying industryFinanceInsurance

Differences between reinsurance claims analyst and medical claims analyst education

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

Reinsurance Claims AnalystMedical Claims Analyst
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 36%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Reinsurance claims analyst vs medical claims analyst demographics

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

Reinsurance Claims AnalystMedical Claims Analyst
Average age4444
Gender ratioMale, 38.0% Female, 62.0%Male, 14.2% Female, 85.8%
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, 11.2% Unknown, 4.4% Hispanic or Latino, 16.4% Asian, 5.1% White, 62.4% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between reinsurance claims analyst and medical claims 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

Medical claims analyst example responsibilities.

  • Manage cases by aggressively directing the litigation process.
  • Analyze incoming medical claims using ICD-9, CPT, HCPCS coding, and Medicare fee schedules.
  • Determine if claims are in compliance under patient benefit plans for payments using DRG regulations :
  • Review medical records to determine if the ICD-9, CPT codes and modifiers are processed correctly.
  • Adhere to the HIPAA privacy, security regulations, and maintain confidentiality of patient a business records.
  • Research medical claims issues in response to informational inquiries by accessing and interpreting EOB's and claims history.
  • Show more

Reinsurance claims analyst vs medical claims analyst skills

Common reinsurance claims analyst skills
  • Data Analysis, 47%
  • Surety, 13%
  • Client Accounts, 7%
  • Reconciliations, 4%
  • Reinsurance Contracts, 4%
  • Financial Reports, 4%
Common medical claims analyst skills
  • Medical Terminology, 9%
  • Medicaid, 6%
  • Medical Insurance Claims, 6%
  • Customer Service, 6%
  • Data Entry, 6%
  • Patients, 5%

Browse business and financial jobs