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Compensation coordinator vs verification specialist

The differences between compensation coordinators and verification specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a compensation coordinator and a verification specialist. Additionally, a compensation coordinator has an average salary of $46,317, which is higher than the $31,564 average annual salary of a verification specialist.

The top three skills for a compensation coordinator include HRIS, worksheets and compensation programs. The most important skills for a verification specialist are customer service, patients, and data entry.

Compensation coordinator vs verification specialist overview

Compensation CoordinatorVerification Specialist
Yearly salary$46,317$31,564
Hourly rate$22.27$15.18
Growth rate7%7%
Number of jobs24,80626,348
Job satisfaction-5
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 37%
Average age4545
Years of experience66

Compensation coordinator vs verification specialist salary

Compensation coordinators and verification specialists have different pay scales, as shown below.

Compensation CoordinatorVerification Specialist
Average salary$46,317$31,564
Salary rangeBetween $36,000 And $58,000Between $24,000 And $41,000
Highest paying City-San Jose, CA
Highest paying state-California
Best paying company-Jacobs Engineering Group
Best paying industry-Insurance

Differences between compensation coordinator and verification specialist education

There are a few differences between a compensation coordinator and a verification specialist in terms of educational background:

Compensation CoordinatorVerification Specialist
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 37%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Compensation coordinator vs verification specialist demographics

Here are the differences between compensation coordinators' and verification specialists' demographics:

Compensation CoordinatorVerification Specialist
Average age4545
Gender ratioMale, 23.5% Female, 76.5%Male, 23.9% Female, 76.1%
Race ratioBlack or African American, 10.5% Unknown, 3.9% Hispanic or Latino, 15.0% Asian, 7.7% White, 62.3% American Indian and Alaska Native, 0.5%Black or African American, 11.2% Unknown, 3.7% Hispanic or Latino, 15.2% Asian, 7.3% White, 62.3% American Indian and Alaska Native, 0.4%
LGBT Percentage9%9%

Differences between compensation coordinator and verification specialist duties and responsibilities

Compensation coordinator example responsibilities.

  • Manage e-verify process for the entire organization working closely with remote managers to ensure timely access to documents.
  • Administer company FMLA leave policies and procedures while reviewing claims for safety hazards and attend hearings as required.
  • Design documents to provide FMLA clarification/responsibilities to employees and management.
  • Process and coordinate appeal requests from members and providers while exceeding contractual and NCQA regulatory requirements for commercial and Medicaid members.
  • Create presentations for weekly department meeting using PowerPoint software.
  • Develop and administer internal databases in a SQL environment consistent with the departmental objectives.

Verification specialist example responsibilities.

  • Manage the TRICARE information program by presenting information utilizing available media, group presentations, or mailings.
  • Maintain confidentiality of all patient medical information adhering to HIPPA regulations and Medicare / Medicaid policies.
  • Verify primary insurance eligibility by phone with agents or online regarding Medicaid recipients and to determine payment responsibilities to providers.
  • Verify medical coverage and benefits to providers and members, review certain ICD9 and CPT codes.
  • Verify patient effective date of insurance, including CPT and diagnosis codes and general policy information.
  • Receive extensive training on insurance plans and types, HIPAA compliance, PatientPlus programming and other workplace relate topics.
  • Show more

Compensation coordinator vs verification specialist skills

Common compensation coordinator skills
  • HRIS, 16%
  • Worksheets, 14%
  • Compensation Programs, 9%
  • Payroll Processing, 9%
  • FLSA, 8%
  • Salary Surveys, 5%
Common verification specialist skills
  • Customer Service, 23%
  • Patients, 18%
  • Data Entry, 13%
  • Insurance Verification, 4%
  • Medicaid, 4%
  • Verification Process, 3%

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