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Group billing coordinator vs finance coordinator

The differences between group billing coordinators and finance 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 group billing coordinator, becoming a finance coordinator takes usually requires 4-6 years. Additionally, a finance coordinator has an average salary of $49,358, which is higher than the $41,935 average annual salary of a group billing coordinator.

The top three skills for a group billing coordinator include reservations, data entry and patients. The most important skills for a finance coordinator are patients, customer service, and payroll.

Group billing coordinator vs finance coordinator overview

Group Billing CoordinatorFinance Coordinator
Yearly salary$41,935$49,358
Hourly rate$20.16$23.73
Growth rate-3%-5%
Number of jobs45,877106,187
Job satisfaction-5
Most common degreeBachelor's Degree, 46%Bachelor's Degree, 58%
Average age4651
Years of experience26

Group billing coordinator vs finance coordinator salary

Group billing coordinators and finance coordinators have different pay scales, as shown below.

Group Billing CoordinatorFinance Coordinator
Average salary$41,935$49,358
Salary rangeBetween $31,000 And $56,000Between $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 group billing coordinator and finance coordinator education

There are a few differences between a group billing coordinator and a finance coordinator in terms of educational background:

Group Billing CoordinatorFinance Coordinator
Most common degreeBachelor's Degree, 46%Bachelor's Degree, 58%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Group billing coordinator vs finance coordinator demographics

Here are the differences between group billing coordinators' and finance coordinators' demographics:

Group Billing CoordinatorFinance Coordinator
Average age4651
Gender ratioMale, 19.9% Female, 80.1%Male, 22.1% Female, 77.9%
Race ratioBlack or African American, 10.5% Unknown, 4.3% Hispanic or Latino, 21.7% Asian, 6.8% White, 56.0% American Indian and Alaska Native, 0.8%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 Percentage7%7%

Differences between group billing coordinator and finance coordinator duties and responsibilities

Group billing coordinator example responsibilities.

  • Set up, manage, and terminate ACH accounts.
  • Work with case managers to obtain ICD-9 and CPT codes for qualify children.
  • Perform coding and billing, including: ICD-9 and HCPCS coding for Medicare, AHCCCS, and Medi-Cal.
  • Enter ICD-9 and HCPCS codes, file insurance claims (HCFA and UB04) both electronically and paper.
  • Supervise daily activities of billing specialist by overseeing and reviewing coding procedures and diagnosis coding using CPT and ICD-9 codes.
  • Prepare and submit appeals on deny claims with ADR and letter.
  • Show more

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.
  • Show more

Group billing coordinator vs finance coordinator skills

Common group billing coordinator skills
  • Reservations, 15%
  • Data Entry, 7%
  • Patients, 6%
  • Epic, 6%
  • Billing Issues, 6%
  • CPT, 5%
Common finance coordinator skills
  • Patients, 21%
  • Customer Service, 11%
  • Payroll, 5%
  • Reconciliations, 4%
  • Data Entry, 3%
  • Insurance Benefits, 3%

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