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The differences between medical claims processors and insurance coordinators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a medical claims processor and an insurance coordinator. Additionally, a medical claims processor has an average salary of $36,777, which is higher than the $32,788 average annual salary of an insurance coordinator.
The top three skills for a medical claims processor include patients, healthcare and data entry. The most important skills for an insurance coordinator are patients, customer service, and insurance verification.
| Medical Claims Processor | Insurance Coordinator | |
| Yearly salary | $36,777 | $32,788 |
| Hourly rate | $17.68 | $15.76 |
| Growth rate | -3% | -3% |
| Number of jobs | 59,992 | 108,509 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 29% | Bachelor's Degree, 36% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A medical claims processor has working knowledge of medical billing and coding. The qualifications for this position include knowledge of current procedural terminology (CPT) and international classification of diseases (ICD) coding systems. They are responsible for processing claims forms, adjudicating the allocation of deductibles and copays, and following through with adjudication policies to facilitate proper payment of claims.
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.
Medical claims processors and insurance coordinators have different pay scales, as shown below.
| Medical Claims Processor | Insurance Coordinator | |
| Average salary | $36,777 | $32,788 |
| Salary range | Between $29,000 And $45,000 | Between $25,000 And $41,000 |
| Highest paying City | Dover, DE | Oakland, CA |
| Highest paying state | Delaware | New Hampshire |
| Best paying company | Cognizant | University of California, Berkeley |
| Best paying industry | Government | Pharmaceutical |
There are a few differences between a medical claims processor and an insurance coordinator in terms of educational background:
| Medical Claims Processor | Insurance Coordinator | |
| Most common degree | Bachelor's Degree, 29% | Bachelor's Degree, 36% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between medical claims processors' and insurance coordinators' demographics:
| Medical Claims Processor | Insurance Coordinator | |
| Average age | 44 | 44 |
| Gender ratio | Male, 16.0% Female, 84.0% | Male, 9.9% Female, 90.1% |
| Race ratio | 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% | 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 | 11% | 11% |