Encoding clerk vs finance coordinator

The differences between encoding clerks and finance coordinators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an encoding clerk and a finance coordinator. Additionally, a finance coordinator has an average salary of $49,358, which is higher than the $32,703 average annual salary of an encoding clerk.

The top three skills for an encoding clerk include encode, bank deposits and telephone calls. The most important skills for a finance coordinator are patients, customer service, and payroll.

Encoding clerk vs finance coordinator overview

	Encoding Clerk	Finance Coordinator
Yearly salary	$32,703	$49,358
Hourly rate	$15.72	$23.73
Growth rate	-5%	-5%
Number of jobs	66,402	106,187
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 38%	Bachelor's Degree, 58%
Average age	51	51
Years of experience	6	6

Encoding clerk vs finance coordinator salary

Encoding clerks and finance coordinators have different pay scales, as shown below.

	Encoding Clerk	Finance Coordinator
Average salary	$32,703	$49,358
Salary range	Between $26,000 And $40,000	Between $34,000 And $71,000
Highest paying City	-	Washington, DC
Highest paying state	-	Maryland
Best paying company	-	McKinsey & Company Inc
Best paying industry	-	Professional

Differences between encoding clerk and finance coordinator education

There are a few differences between an encoding clerk and a finance coordinator in terms of educational background:

	Encoding Clerk	Finance Coordinator
Most common degree	Bachelor's Degree, 38%	Bachelor's Degree, 58%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Encoding clerk vs finance coordinator demographics

Here are the differences between encoding clerks' and finance coordinators' demographics:

	Encoding Clerk	Finance Coordinator
Average age	51	51
Gender ratio	Male, 20.0% Female, 80.0%	Male, 22.1% Female, 77.9%
Race ratio	Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6%	Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between encoding clerk and finance coordinator duties and responsibilities

Encoding clerk example responsibilities.

Demonstrate strong math skills in managing inmate s accounts and calmly and effectively deescalating outbursts of belligerent inmates.
Encode checks and prepare closing paper work for cashiers.
Operate proof machine to encode dollar amount and other require fields on documents.
Encode life insurance applications into mainframe computer system.
Maintain cleanliness of the company warehouse, operate warehouse machinery and organize the warehouse to ensure proper product placement.
Establish financial institutes as levy sources on IDRS system.

Finance coordinator example responsibilities.

Manage patient and insurance account receivables, perform patient account reconciliations, account audits, process insurance billing/correspondence.
Construct posts featuring highlights of past events on Facebook.
Enter EOB payments and denials and perform follow up with insurance company on denials.
Create promotional flyers for annual concerts and fundraisers which are posted through via Facebook and local areas.
Review and process EOB's daily, entering comments into the bill comment log as to status of follow up.
Produce basic PowerPoint presentation materials, including graphical renderings for illustration.

Encoding clerk vs finance coordinator skills

Common encoding clerk skills

Encode, 40%
Bank Deposits, 38%
Telephone Calls, 22%

Common finance coordinator skills

Patients, 21%
Customer Service, 11%
Payroll, 5%
Reconciliations, 4%
Data Entry, 3%
Insurance Benefits, 3%