Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between insurance collectors 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 an insurance coordinator takes usually requires 2-4 years. Additionally, an insurance collector has an average salary of $39,463, which is higher than the $32,788 average annual salary of an insurance coordinator.
The top three skills for an insurance collector include patients, medical billing and healthcare. The most important skills for an insurance coordinator are patients, customer service, and insurance verification.
| Insurance Collector | Insurance Coordinator | |
| Yearly salary | $39,463 | $32,788 |
| Hourly rate | $18.97 | $15.76 |
| Growth rate | -8% | -3% |
| Number of jobs | 46,897 | 108,509 |
| Job satisfaction | - | - |
| Most common degree | Associate Degree, 29% | Bachelor's Degree, 36% |
| Average age | 46 | 44 |
| Years of experience | 12 | 4 |
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.
An insurance coordinator is responsible for evaluating and validating insurance information to verify claims and process the necessary claims resolutions for parties. Insurance coordinators submit claims statements timely to the insurance officers for review, coordinate with the clients for inquiries and updates, and reach out to medical institutions for accurate filing of payments. An insurance coordinator must have excellent communication and analytical skills to assess reports, resolve claims discrepancies, and escalate high-level complaints to the officers for immediate action.
Insurance collectors and insurance coordinators have different pay scales, as shown below.
| Insurance Collector | Insurance Coordinator | |
| Average salary | $39,463 | $32,788 |
| Salary range | Between $33,000 And $46,000 | Between $25,000 And $41,000 |
| Highest paying City | - | Oakland, CA |
| Highest paying state | - | New Hampshire |
| Best paying company | - | University of California, Berkeley |
| Best paying industry | - | Pharmaceutical |
There are a few differences between an insurance collector and an insurance coordinator in terms of educational background:
| Insurance Collector | Insurance Coordinator | |
| Most common degree | Associate Degree, 29% | Bachelor's Degree, 36% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between insurance collectors' and insurance coordinators' demographics:
| Insurance Collector | Insurance Coordinator | |
| Average age | 46 | 44 |
| Gender ratio | Male, 12.4% Female, 87.6% | Male, 9.9% Female, 90.1% |
| 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, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 11% |