Account processor vs billing and insurance coordinator

The differences between account processors and billing and insurance coordinators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become an account processor, becoming a billing and insurance coordinator takes usually requires 1-2 years. Additionally, a billing and insurance coordinator has an average salary of $41,141, which is higher than the $37,924 average annual salary of an account processor.

The top three skills for an account processor include customer service, customer accounts and data entry. The most important skills for a billing and insurance coordinator are patients, customer service, and data entry.

Account processor vs billing and insurance coordinator overview

	Account Processor	Billing And Insurance Coordinator
Yearly salary	$37,924	$41,141
Hourly rate	$18.23	$19.78
Growth rate	-5%	-3%
Number of jobs	81,434	67,385
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 41%
Average age	51	46
Years of experience	6	2

What does an account processor do?

Account processors are professionals who are responsible for performing various tasks that are related to the processing of client accounts. These processors specialize in maintaining complex customer accounts while working with their clients to update any changes of information in their accounts. They are required to prepare contracts for bank customers and input all the needed data and credit limitations into the bank's systems. Account processors must also perform accounting duties such as preparing financial statements and reconciling general ledger balances.

What does a billing and insurance coordinator do?

A billing and insurance coordinator is responsible for coordinating with employees from different departments of an organization for billing and insurance processing purposes. Billing and insurance coordinators sort mail for distribution to appropriate personnel, performing administrative and clerical duties as needed, managing and releasing of invoices under the manager's supervision, and responding to employees' inquiries and concerns. A billing and insurance coordinator must be highly analytical, as well as have excellent knowledge of the insurance disciplines and processes to assist the employees with their payments and benefits.

Account processor vs billing and insurance coordinator salary

Account processors and billing and insurance coordinators have different pay scales, as shown below.

	Account Processor	Billing And Insurance Coordinator
Average salary	$37,924	$41,141
Salary range	Between $28,000 And $50,000	Between $27,000 And $60,000
Highest paying City	Binghamton, NY	Washington, DC
Highest paying state	New York	Maryland
Best paying company	Republic Services	Kane Russell Coleman Logan
Best paying industry	Utilities	Professional

Differences between account processor and billing and insurance coordinator education

There are a few differences between an account processor and a billing and insurance coordinator in terms of educational background:

	Account Processor	Billing And Insurance Coordinator
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 41%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Account processor vs billing and insurance coordinator demographics

Here are the differences between account processors' and billing and insurance coordinators' demographics:

	Account Processor	Billing And Insurance Coordinator
Average age	51	46
Gender ratio	Male, 25.0% Female, 75.0%	Male, 15.4% Female, 84.6%
Race ratio	Black or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 6.6% White, 67.1% American Indian and Alaska Native, 0.6%	Black or African American, 10.7% Unknown, 4.3% Hispanic or Latino, 21.6% Asian, 6.8% White, 55.9% American Indian and Alaska Native, 0.8%
LGBT Percentage	7%	7%

Differences between account processor and billing and insurance coordinator duties and responsibilities

Account processor example responsibilities.

Manage and review all incoming discounts and electronic contractual adjustments for accuracy per the negotiated Medicaid and Medicare contracts ;.
Perform on line reject re-entry via CRT access on CPCS.
Support other areas as identified outside of Lockbox during non-peak times.
Process ACH's due to carriers base off incoming money and invoices.
Post ACH and wire payments that come through the bank on a daily basis.
Reconcile open A/R balance by program in billing system with A/R total in accounting system.

Billing and insurance coordinator example responsibilities.

Develop a database to maintain/update all manage care, Medicare and Medicaid fee schedules for accessibility by physicians and administrators.
Look up for ICD-9 codes charges on a daily basic to verify that physicians post charges.
Enter new and verify insurance information, putting in ICD-9 codes, correcting location and too late to bill.
Instruct and supervise support staff in accurate CPT and ICD9 coding for the oncology department of a large medical clinic.
Research and resubmitted reject claims with correct diagnosis, CPT codes and erroneous demographics for deny charges to insurances for reprocessing.
Maintain strict patient confidentiality and adhere to HIPAA guidelines/regulations.

Account processor vs billing and insurance coordinator skills

Common account processor skills

Customer Service, 23%
Customer Accounts, 15%
Data Entry, 12%
Customer Inquiries, 8%
Customer Problems, 7%
A/R, 3%

Common billing and insurance coordinator skills

Patients, 16%
Customer Service, 12%
Data Entry, 7%
Billing System, 4%
Billing Issues, 4%
Medical Billing, 3%

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Account Processor
Account Processor vs Billing And Insurance Coordinator

Updated January 8, 2025

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