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Insurance collector vs billing and insurance coordinator

The differences between insurance collectors and billing and insurance coordinators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become an insurance collector, becoming a billing and insurance coordinator takes usually requires 1-2 years. Additionally, a billing and insurance coordinator has an average salary of $41,141, which is higher than the $39,463 average annual salary of an insurance collector.

The top three skills for an insurance collector include patients, medical billing and healthcare. The most important skills for a billing and insurance coordinator are patients, customer service, and data entry.

Insurance collector vs billing and insurance coordinator overview

Insurance CollectorBilling And Insurance Coordinator
Yearly salary$39,463$41,141
Hourly rate$18.97$19.78
Growth rate-8%-3%
Number of jobs46,89767,385
Job satisfaction--
Most common degreeAssociate Degree, 29%Bachelor's Degree, 41%
Average age4646
Years of experience122

What does an insurance collector do?

An insurance collector is responsible for collecting and managing insurance payments. They need to generate funds through collecting bills, adhere to ethical standards, handle patients' claims, and complete other clerical work. They usually prepare and submit a member's bill for insurance so that the patient can be sure that there will be no delay in getting their claim.

What does a billing and insurance coordinator do?

A billing and insurance coordinator is responsible for coordinating with employees from different departments of an organization for billing and insurance processing purposes. Billing and insurance coordinators sort mail for distribution to appropriate personnel, performing administrative and clerical duties as needed, managing and releasing of invoices under the manager's supervision, and responding to employees' inquiries and concerns. A billing and insurance coordinator must be highly analytical, as well as have excellent knowledge of the insurance disciplines and processes to assist the employees with their payments and benefits.

Insurance collector vs billing and insurance coordinator salary

Insurance collectors and billing and insurance coordinators have different pay scales, as shown below.

Insurance CollectorBilling And Insurance Coordinator
Average salary$39,463$41,141
Salary rangeBetween $33,000 And $46,000Between $27,000 And $60,000
Highest paying City-Washington, DC
Highest paying state-Maryland
Best paying company-Kane Russell Coleman Logan
Best paying industry-Professional

Differences between insurance collector and billing and insurance coordinator education

There are a few differences between an insurance collector and a billing and insurance coordinator in terms of educational background:

Insurance CollectorBilling And Insurance Coordinator
Most common degreeAssociate Degree, 29%Bachelor's Degree, 41%
Most common majorBusinessBusiness
Most common college-University of Pennsylvania

Insurance collector vs billing and insurance coordinator demographics

Here are the differences between insurance collectors' and billing and insurance coordinators' demographics:

Insurance CollectorBilling And Insurance Coordinator
Average age4646
Gender ratioMale, 12.4% Female, 87.6%Male, 15.4% Female, 84.6%
Race ratioBlack or African American, 13.4% Unknown, 3.9% Hispanic or Latino, 22.6% Asian, 3.3% White, 56.4% American Indian and Alaska Native, 0.5%Black or African American, 10.7% Unknown, 4.3% Hispanic or Latino, 21.6% Asian, 6.8% White, 55.9% American Indian and Alaska Native, 0.8%
LGBT Percentage8%7%

Differences between insurance collector and billing and insurance coordinator duties and responsibilities

Insurance collector example responsibilities.

  • Verify accuracy of claims, work EOB's for all insurance company types, identify and solve problems with unpaid claims.
  • Handle workers' comp., HMO, PPO correspondence.
  • Identify incorrect charges base on proper CPT coding and payment methodologies.
  • Utilize ICD9 and CPT code medical directories for billing purposes to get paid on claims.
  • Perform necessary task to have commercial and workers comp EOB's reprocess to receive the correct total reimbursement.
  • Download weekly Florida Medicaid remittance amounts and send to management.
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Billing and insurance coordinator example responsibilities.

  • Develop a database to maintain/update all manage care, Medicare and Medicaid fee schedules for accessibility by physicians and administrators.
  • Look up for ICD-9 codes charges on a daily basic to verify that physicians post charges.
  • Enter new and verify insurance information, putting in ICD-9 codes, correcting location and too late to bill.
  • Instruct and supervise support staff in accurate CPT and ICD9 coding for the oncology department of a large medical clinic.
  • Research and resubmitted reject claims with correct diagnosis, CPT codes and erroneous demographics for deny charges to insurances for reprocessing.
  • Maintain strict patient confidentiality and adhere to HIPAA guidelines/regulations.
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Insurance collector vs billing and insurance coordinator skills

Common insurance collector skills
  • Patients, 20%
  • Medical Billing, 8%
  • Healthcare, 7%
  • Medicaid, 5%
  • Appeals, 5%
  • Insurance Accounts, 4%
Common billing and insurance coordinator skills
  • Patients, 16%
  • Customer Service, 12%
  • Data Entry, 7%
  • Billing System, 4%
  • Billing Issues, 4%
  • Medical Billing, 3%

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