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Claims vice president vs claim processor

The differences between claims vice presidents and claim processors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a claims vice president and a claim processor. Additionally, a claims vice president has an average salary of $93,687, which is higher than the $41,201 average annual salary of a claim processor.

The top three skills for a claims vice president include litigation, claims handling and claims operations. The most important skills for a claim processor are customer service, data entry, and medical terminology.

Claims vice president vs claim processor overview

Claims Vice PresidentClaim Processor
Yearly salary$93,687$41,201
Hourly rate$45.04$19.81
Growth rate-6%-6%
Number of jobs39,65211,542
Job satisfaction--
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 43%
Average age4444
Years of experience66

Claims vice president vs claim processor salary

Claims vice presidents and claim processors have different pay scales, as shown below.

Claims Vice PresidentClaim Processor
Average salary$93,687$41,201
Salary rangeBetween $55,000 And $158,000Between $26,000 And $62,000
Highest paying City-Columbia, MD
Highest paying state-Connecticut
Best paying company-NTT Data International L.L.C.
Best paying industry-Insurance

Differences between claims vice president and claim processor education

There are a few differences between a claims vice president and a claim processor in terms of educational background:

Claims Vice PresidentClaim Processor
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 43%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Claims vice president vs claim processor demographics

Here are the differences between claims vice presidents' and claim processors' demographics:

Claims Vice PresidentClaim Processor
Average age4444
Gender ratioMale, 77.3% Female, 22.7%Male, 22.9% Female, 77.1%
Race ratioBlack or African American, 11.3% Unknown, 4.4% Hispanic or Latino, 17.0% Asian, 5.3% White, 61.5% American Indian and Alaska Native, 0.5%Black or African American, 11.2% Unknown, 4.4% Hispanic or Latino, 16.7% Asian, 5.2% White, 62.0% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between claims vice president and claim processor duties and responsibilities

Claims vice president example responsibilities.

  • Retain and manage outside counsel; develop and coordinate strategy for litigation; participate in alternative dispute resolution and negotiate settlements.
  • Provide management oversight of client support at offices in Indiana, Kentucky and Ohio.
  • Provide vision, oversight and direction to claims and encounter processing and claims systems configuration.
  • Work with underwriting carrier to ensure that all TPA responsibilities are being handle according to the TPA guidelines.
  • Establish and direct internal and external performance standards and procedures for use with TPA's or general agents.
  • Negotiate claims litigation, including settling lawsuits via mediation strategies.
  • Show more

Claim processor example responsibilities.

  • Experience in many facets of the managed healthcare insurance business.
  • Manage claims, route/queues, and ECHS, within specify turn- around time parameters.
  • Use ICD-9, CPT-4 and other medical manuals to adjudicate claims.
  • Analyze claims submit by providers and facilities for appropriate ICD-9, CPT and HCPCS codes against charges that are being bill.
  • Call DME and HME companies to correct invoices.
  • Coach and assist in the training of new EMR databases.
  • Show more

Claims vice president vs claim processor skills

Common claims vice president skills
  • Litigation, 15%
  • Claims Handling, 13%
  • Claims Operations, 10%
  • Oversight, 8%
  • Direct Reports, 6%
  • Coverage Issues, 5%
Common claim processor skills
  • Customer Service, 20%
  • Data Entry, 8%
  • Medical Terminology, 5%
  • CPT, 5%
  • Claims Processing, 4%
  • Medical Insurance Claims, 4%

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