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Insurance processor vs data processor

The differences between insurance processors and data processors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become an insurance processor, becoming a data processor takes usually requires 1-2 years. Additionally, a data processor has an average salary of $33,076, which is higher than the $33,041 average annual salary of an insurance processor.

The top three skills for an insurance processor include data entry, customer service and phone calls. The most important skills for a data processor are computer database, data processing, and financial data.

Insurance processor vs data processor overview

Insurance ProcessorData Processor
Yearly salary$33,041$33,076
Hourly rate$15.89$15.90
Growth rate-3%-
Number of jobs50,52392,954
Job satisfaction--
Most common degreeBachelor's Degree, 33%Bachelor's Degree, 40%
Average age4444
Years of experience42

What does an insurance processor do?

Insurance Processors deal with the processing of insurance applications, amendments of policies, changes, and cancellations. An Insurance Processor works with the client to choose the best insurance package and advise them on how to maximize their benefits. Clients need to understand the insurance process by answering inquiries. It is also essential that an Insurance Processor work hand in hand with the client, guiding them through the process, explaining all crucial parts of the insurance to establish trust in you and the company.

What does a data processor do?

A data processor is responsible for encoding various information to the organization's database, originating from either manual or electronic communications. Data processors must be highly detail-oriented, especially on analyzing the completeness of data before uploading it to the system. In some cases, a data processor performs in-depth research to verify the authenticity of the information. A data processor should have excellent typing skills and knowledge with office software tools to create proper formatting and ensure accuracy for easy comprehension.

Insurance processor vs data processor salary

Insurance processors and data processors have different pay scales, as shown below.

Insurance ProcessorData Processor
Average salary$33,041$33,076
Salary rangeBetween $28,000 And $38,000Between $26,000 And $40,000
Highest paying CityLeawood, KSLos Angeles, CA
Highest paying stateConnecticutAlaska
Best paying companyMoore County Hospital DistrictAECOM
Best paying industryFinanceTechnology

Differences between insurance processor and data processor education

There are a few differences between an insurance processor and a data processor in terms of educational background:

Insurance ProcessorData Processor
Most common degreeBachelor's Degree, 33%Bachelor's Degree, 40%
Most common majorBusinessBusiness
Most common college--

Insurance processor vs data processor demographics

Here are the differences between insurance processors' and data processors' demographics:

Insurance ProcessorData Processor
Average age4444
Gender ratioMale, 16.3% Female, 83.7%Male, 31.2% Female, 68.8%
Race ratioBlack 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%Black or African American, 9.9% Unknown, 4.2% Hispanic or Latino, 20.7% Asian, 8.5% White, 56.1% American Indian and Alaska Native, 0.6%
LGBT Percentage11%5%

Differences between insurance processor and data processor duties and responsibilities

Insurance processor example responsibilities.

  • Manage database by processing renewals and endorsements.
  • Input and process all dental claims, through electronic and paper submission, to private insurance companies and Medicaid.
  • Maintain patient privacy and confidentiality complaint with HIPPA regulations.
  • Work directly with mortgage lenders and foreclosure attorneys to negotiate timely and cost effective repayment plans or modifications for delinquent loans.
  • Handle a substantial amount of Allstate customers, third party carriers, and others who need assistance to file a claim.

Data processor example responsibilities.

  • Manage and prepare pharmaceutical records for multiple FDA audits.
  • Research the CPT coding manual and edit reference codes from CMS.
  • Utilize knowledge of diagnosis codes and CPT codes to prevent denial of claim.
  • Process Medicare and Medicaid papers.
  • Enter data information about insurance claims for Medicaid.
  • Demonstrate understanding of HIPAA laws and ability to maintain confidentiality.
  • Show more

Insurance processor vs data processor skills

Common insurance processor skills
  • Data Entry, 18%
  • Customer Service, 12%
  • Phone Calls, 9%
  • Outbound Calls, 9%
  • Insurance Claims, 6%
  • Insurance Coverage, 5%
Common data processor skills
  • Computer Database, 18%
  • Data Processing, 16%
  • Financial Data, 5%
  • Data Entry, 5%
  • Computer System, 5%
  • QC, 5%

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