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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 | Billing And Insurance Coordinator | |
| Yearly salary | $39,463 | $41,141 |
| Hourly rate | $18.97 | $19.78 |
| Growth rate | -8% | -3% |
| Number of jobs | 46,897 | 67,385 |
| Job satisfaction | - | - |
| Most common degree | Associate Degree, 29% | Bachelor's Degree, 41% |
| Average age | 46 | 46 |
| Years of experience | 12 | 2 |
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.
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 collectors and billing and insurance coordinators have different pay scales, as shown below.
| Insurance Collector | Billing And Insurance Coordinator | |
| Average salary | $39,463 | $41,141 |
| Salary range | Between $33,000 And $46,000 | Between $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 |
There are a few differences between an insurance collector and a billing and insurance coordinator in terms of educational background:
| Insurance Collector | Billing And Insurance Coordinator | |
| Most common degree | Associate Degree, 29% | Bachelor's Degree, 41% |
| Most common major | Business | Business |
| Most common college | - | University of Pennsylvania |
Here are the differences between insurance collectors' and billing and insurance coordinators' demographics:
| Insurance Collector | Billing And Insurance Coordinator | |
| Average age | 46 | 46 |
| Gender ratio | Male, 12.4% Female, 87.6% | Male, 15.4% Female, 84.6% |
| Race ratio | Black 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 Percentage | 8% | 7% |