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Billing Consultant Vs Insurance Coordinator

The differences between billing consultants and insurance coordinators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a billing consultant, becoming an insurance coordinator takes usually requires 2-4 years. Additionally, a billing consultant has an average salary of $94,948, which is higher than the $32,788 average annual salary of an insurance coordinator.

The top three skills for a billing consultant include patients, medicaid and billing procedures. The most important skills for an insurance coordinator are patients, customer service, and insurance verification.

Billing consultant vs insurance coordinator overview

Billing ConsultantInsurance Coordinator
Yearly Salary$94,948$32,788
Hourly rate$45.65$15.76
Growth Rate-3%-3%
Number Of Jobs25,943108,509
Job Satisfaction--
Most Common DegreeBachelor's Degree, 47%Bachelor's Degree, 36%
Average Age4644
Years Of Experience24

Billing consultant vs insurance coordinator salary

Billing consultants and insurance coordinators have different pay scales, as shown below.

Billing ConsultantInsurance Coordinator
Average Salary$94,948$32,788
Salary RangeBetween $75,000 And $119,000Between $25,000 And $41,000
Highest Paying CityWashington, DCOakland, CA
Highest Paying StateMarylandNew Hampshire
Best Paying CompanySlalomUniversity of California, Berkeley
Best Paying IndustryFinancePharmaceutical

Differences between billing consultant and insurance coordinator education

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

Billing ConsultantInsurance Coordinator
Most Common DegreeBachelor's Degree, 47%Bachelor's Degree, 36%
Most Common MajorBusinessBusiness
Most Common CollegeStanford University-

Billing consultant vs insurance coordinator demographics

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

Billing ConsultantInsurance Coordinator
Average Age4644
Gender RatioMale, 24.9% Female, 75.1%Male, 9.9% Female, 90.1%
Race RatioBlack or African American, 12.0% Unknown, 4.4% Hispanic or Latino, 18.4% Asian, 7.7% White, 56.7% American Indian and Alaska Native, 0.9%Black or African American, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5%
LGBT Percentage7%11%

Differences between billing consultant and insurance coordinator duties and responsibilities

Billing Consultant Example Responsibilities.

  • Manage software programs for MSP accounts, monthly billing and EMC file transfers to Medicare.
  • Register incoming patients, verify demographics as well as insurance verification.
  • Research and determine the viability of collections on all Medicaid accounts receivables.
  • Audit EMR system and correct ICD-9 coding errors.
  • Review EOB's, and apply payments to the patient's accounts, making applicable adjustments.
  • Contact insurance carrier directly, review eob's, reviewing medical records, denials, write appeals.
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Insurance Coordinator Example Responsibilities.

  • Verify patient dental insurance coverage and limitations with major private and business dental insurance providers as well as Medicaid and Medicare.
  • File to record patient demographics in numerous EMR systems and paper charts if applicable.
  • Prepare providers and staff for ICD-10 transition.
  • Post and reconcile all daily insurance, patient payments and transactions within the EMR system.
  • Experience in registration in healthcare, business office and physician billing, with reimbursement and collections.
  • Process all Medicare claims, explaining HMO changes to patients in detail and accurately documenting all benefits.
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Billing consultant vs insurance coordinator skills

Common Billing Consultant Skills
  • Patients, 13%
  • Medicaid, 10%
  • Billing Procedures, 8%
  • Medical Claims, 5%
  • Patient Accounts, 4%
  • Medical Billing Software, 3%
Common Insurance Coordinator Skills
  • Patients, 26%
  • Customer Service, 11%
  • Insurance Verification, 7%
  • Insurance Eligibility, 4%
  • Medicaid, 3%
  • Medical Terminology, 3%

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