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Revenue specialist vs specialist

The differences between revenue specialists and specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a revenue specialist and a specialist. Additionally, a specialist has an average salary of $58,013, which is higher than the $44,779 average annual salary of a revenue specialist.

The top three skills for a revenue specialist include patients, revenue cycle and CPT. The most important skills for a specialist are patients, customer service, and work ethic.

Revenue specialist vs specialist overview

Revenue SpecialistSpecialist
Yearly salary$44,779$58,013
Hourly rate$21.53$27.89
Growth rate-7%10%
Number of jobs28,763358,433
Job satisfaction--
Most common degreeBachelor's Degree, 52%Bachelor's Degree, 49%
Average age4842
Years of experience22

What does a revenue specialist do?

A revenue specialist is in charge of overseeing and processing payments for their company, ensuring accuracy and timeliness. Their responsibilities revolve around reviewing invoices and insurance claims, monitoring tax deductions and expenses, liaising with external parties, collecting payments, producing progress and revenue reports, and maintaining records of all transactions. Furthermore, as a revenue specialist, it is essential to devise strategies for managing revenues, all while upholding the company's policies and regulations, including its vision and mission.

What does a specialist do?

Specialists are employees who are responsible for specific tasks or activities in the department they are assigned to. The actions or tasks they work on are related to their educational background or work experiences. They are usually highly skilled in specializations related to the work they are assigned to. Specialists are also highly trained on the competencies that are required of their specialty. As such, they are focused on the skills and competencies that are needed to enhance their experience in their specific field further.

Revenue specialist vs specialist salary

Revenue specialists and specialists have different pay scales, as shown below.

Revenue SpecialistSpecialist
Average salary$44,779$58,013
Salary rangeBetween $28,000 And $71,000Between $32,000 And $104,000
Highest paying CityCamden, NJJersey City, NJ
Highest paying stateNew JerseyNew Jersey
Best paying companyMcKinsey & Company IncThe Citadel
Best paying industryManufacturing-

Differences between revenue specialist and specialist education

There are a few differences between a revenue specialist and a specialist in terms of educational background:

Revenue SpecialistSpecialist
Most common degreeBachelor's Degree, 52%Bachelor's Degree, 49%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaStanford University

Revenue specialist vs specialist demographics

Here are the differences between revenue specialists' and specialists' demographics:

Revenue SpecialistSpecialist
Average age4842
Gender ratioMale, 24.3% Female, 75.7%Male, 47.5% Female, 52.5%
Race ratioBlack or African American, 12.9% Unknown, 3.2% Hispanic or Latino, 16.2% Asian, 9.9% White, 57.5% American Indian and Alaska Native, 0.2%Black or African American, 11.4% Unknown, 5.4% Hispanic or Latino, 16.4% Asian, 10.5% White, 55.9% American Indian and Alaska Native, 0.4%
LGBT Percentage8%11%

Differences between revenue specialist and specialist duties and responsibilities

Revenue specialist example responsibilities.

  • Process account receivables, charge entry, claims, and reimbursement in adherence to Medicare and all HMO guidelines.
  • Establish a strong understanding of ICD-9 diagnosis and medical inventory codes.
  • Work claim edits to ensure clean claim billing to Medicare/Medicare HMO's.
  • Review the complex medical records and accurately codes primary/secondary diagnoses and procedures using ICD-10-CM and CPT coding conventions.
  • Initiate appeals and ensure required documentation are submitted in the appeals process.
  • Complete appeals when authorization are not obtain and or unusual procedure are performed.
  • Show more

Specialist example responsibilities.

  • Create, manage, and assist users with SharePoint sites.
  • Manage an on-site IRB and company good clinical practice (GCP) inspection.
  • Manage SharePoint sites by creating, editing, and customizing company sites, libraries and security.
  • Manage the building of accounts, assigning of static IP's, and scheduling of business class installations.
  • Convert servers from UNIX to Linux, all hardware diagnostics and repair including printers/plotters/desktops etc.
  • Follow safety procedures such as maintenance of all equipment (Telxon scanners, terminals and ladders).
  • Show more

Revenue specialist vs specialist skills

Common revenue specialist skills
  • Patients, 17%
  • Revenue Cycle, 13%
  • CPT, 6%
  • Data Entry, 5%
  • Medical Terminology, 5%
  • Medicaid, 5%
Common specialist skills
  • Patients, 15%
  • Customer Service, 11%
  • Work Ethic, 5%
  • Patient Care, 4%
  • Exceptional Client, 4%
  • Troubleshoot, 4%

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