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Medical billing and coding externship vs billing and insurance coordinator

The differences between medical billing and coding externships and billing and insurance coordinators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a medical billing and coding externship and a billing and insurance coordinator. Additionally, a billing and insurance coordinator has an average salary of $41,141, which is higher than the $36,112 average annual salary of a medical billing and coding externship.

The top three skills for a medical billing and coding externship include patients, insurance eligibility and data entry. The most important skills for a billing and insurance coordinator are patients, customer service, and data entry.

Medical billing and coding externship vs billing and insurance coordinator overview

Medical Billing And Coding ExternshipBilling And Insurance Coordinator
Yearly salary$36,112$41,141
Hourly rate$17.36$19.78
Growth rate-3%-3%
Number of jobs98,08967,385
Job satisfaction--
Most common degreeDiploma, 43%Bachelor's Degree, 41%
Average age4646
Years of experience22

Medical billing and coding externship vs billing and insurance coordinator salary

Medical billing and coding externships and billing and insurance coordinators have different pay scales, as shown below.

Medical Billing And Coding ExternshipBilling And Insurance Coordinator
Average salary$36,112$41,141
Salary rangeBetween $30,000 And $42,000Between $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 medical billing and coding externship and billing and insurance coordinator education

There are a few differences between a medical billing and coding externship and a billing and insurance coordinator in terms of educational background:

Medical Billing And Coding ExternshipBilling And Insurance Coordinator
Most common degreeDiploma, 43%Bachelor's Degree, 41%
Most common majorHealth Care AdministrationBusiness
Most common collegeBoston UniversityUniversity of Pennsylvania

Medical billing and coding externship vs billing and insurance coordinator demographics

Here are the differences between medical billing and coding externships' and billing and insurance coordinators' demographics:

Medical Billing And Coding ExternshipBilling And Insurance Coordinator
Average age4646
Gender ratioMale, 11.8% Female, 88.2%Male, 15.4% Female, 84.6%
Race ratioBlack or African American, 10.6% Unknown, 4.3% Hispanic or Latino, 21.8% Asian, 6.8% White, 55.7% American Indian and Alaska Native, 0.8%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 Percentage7%7%

Differences between medical billing and coding externship and billing and insurance coordinator duties and responsibilities

Medical billing and coding externship example responsibilities.

  • Manage chart completion (ICD-9-CM and CPT coding/abstracting), chart assembly and analysis, patient admission and patient information privacy/security.
  • Verify correct ICD-10 and CPT codes for a variety of specialties.
  • Review physicians' appointment notes to determine appropriate ICD-9 and HCPCS code for the medical service render.
  • Identify and code the principal diagnosis and procedures using ICD-9-CM and CPT-4 codes to each patient's medical records
  • Perform billing and collection procedures, utilize CPT-4 and ICD-9 coding, insurance claim preparation, processing and follow-ups.
  • Resolve and research of insurance denials, rejections, providing correction of claims, involving CPT and HCPCS codes.
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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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Medical billing and coding externship vs billing and insurance coordinator skills

Common medical billing and coding externship skills
  • Patients, 23%
  • Insurance Eligibility, 6%
  • Data Entry, 5%
  • EOB, 5%
  • Insurance Verification, 4%
  • CPT-4, 3%
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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