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The differences between finance coordinators and medication coordinators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a finance coordinator, becoming a medication coordinator takes usually requires 1-2 years. Additionally, a finance coordinator has an average salary of $49,358, which is higher than the $41,887 average annual salary of a medication coordinator.
The top three skills for a finance coordinator include patients, customer service and payroll. The most important skills for a medication coordinator are patients, triage, and HIPAA.
| Finance Coordinator | Medication Coordinator | |
| Yearly salary | $49,358 | $41,887 |
| Hourly rate | $23.73 | $20.14 |
| Growth rate | -5% | -8% |
| Number of jobs | 106,187 | 67,303 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 41% |
| Average age | 51 | 49 |
| Years of experience | 6 | 2 |
Finance coordinators are skilled professionals who are employed by all types of industries to manage their financial records accurately. Under the supervision of financial managers, they correlate the company's accounts receivables and payables. They should be able to keep records together with documentation effectively to ensure precision and punctuality of deliverables. Their responsibilities include ensuring accurate billing of customers, managing billing issues and disputes, and making required adjustments to clients' accounts. Candidates for the job must be organized, detail-oriented, able to multi-task as well as cautiously handle sensitive information.
A medication care coordinator communicates on the job with basic knowledge of medical terminology and human anatomy to ensure that patient medication plans are correct. Medication care coordinators establish relationships with healthcare clinic partners. They serve as liaisons between pharmacies and patients. Their skills to acquire include knowledge and experience in patient care, customer service, medical standards, and treatment plans. They should also develop strong communication skills, attention to detail, and patient relations.
Finance coordinators and medication coordinators have different pay scales, as shown below.
| Finance Coordinator | Medication Coordinator | |
| Average salary | $49,358 | $41,887 |
| Salary range | Between $34,000 And $71,000 | Between $28,000 And $62,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | Maryland | California |
| Best paying company | McKinsey & Company Inc | Catholic Health Care System |
| Best paying industry | Professional | Pharmaceutical |
There are a few differences between a finance coordinator and a medication coordinator in terms of educational background:
| Finance Coordinator | Medication Coordinator | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 41% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between finance coordinators' and medication coordinators' demographics:
| Finance Coordinator | Medication Coordinator | |
| Average age | 51 | 49 |
| Gender ratio | Male, 22.1% Female, 77.9% | Male, 19.5% Female, 80.5% |
| 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, 9.6% Unknown, 3.8% Hispanic or Latino, 12.0% Asian, 3.8% White, 70.6% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 7% | 9% |