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New business coordinator vs contract coordinator

The differences between new business coordinators and contract coordinators can be seen in a few details. Each job has different responsibilities and duties. Additionally, a contract coordinator has an average salary of $43,318, which is higher than the $39,003 average annual salary of a new business coordinator.

The top three skills for a new business coordinator include data entry, customer service and underwriting process. The most important skills for a contract coordinator are customer service, data entry, and contract management.

New business coordinator vs contract coordinator overview

New Business CoordinatorContract Coordinator
Yearly salary$39,003$43,318
Hourly rate$18.75$20.83
Growth rate6%9%
Number of jobs69,99838,845
Job satisfaction--
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 60%
Average age4444
Years of experience--

New business coordinator vs contract coordinator salary

New business coordinators and contract coordinators have different pay scales, as shown below.

New Business CoordinatorContract Coordinator
Average salary$39,003$43,318
Salary rangeBetween $17,000 And $85,000Between $32,000 And $58,000
Highest paying City-New York, NY
Highest paying state-Connecticut
Best paying company-AbbVie
Best paying industry-Finance

Differences between new business coordinator and contract coordinator education

There are a few differences between a new business coordinator and a contract coordinator in terms of educational background:

New Business CoordinatorContract Coordinator
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 60%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityWestern Carolina University

New business coordinator vs contract coordinator demographics

Here are the differences between new business coordinators' and contract coordinators' demographics:

New Business CoordinatorContract Coordinator
Average age4444
Gender ratioMale, 27.8% Female, 72.2%Male, 30.0% Female, 70.0%
Race ratioBlack or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%
LGBT Percentage11%11%

Differences between new business coordinator and contract coordinator duties and responsibilities

New business coordinator example responsibilities.

  • Manage team negotiating rates with underwriters and oversee the entire RFP process by advancing sales leads -respond to questionnaires and proposals.
  • Manage and coordinate the workload of the release team members and are responsible for organizing and hosting all production release windows.
  • Present new attorney orientation PowerPoint and conference calls and answer all on-boarding questions.
  • Create PowerPoint decks for department presentations.
  • Support service-related duties and responsibilities as needed to include analyzing RFP materials and offering comparable plan designs.
  • Verify insurance, process payments and maintain patients records securely and handle in compliance with HIPPA privacy and security regulations.
  • Show more

Contract coordinator example responsibilities.

  • Manage PeopleSoft for files in all departments, along with internal intranet managing.
  • Manage tight deadlines to perform experiments, troubleshoot, submit documents, and train personnel.
  • Manage collections, account reconciliation, discrepancies, payments and create spreadsheets, A/R, A/P and supervise receptionist.
  • Manage technical and non-technical vendors to ensure competitive pricing and timely delivery, with proper RFP's and SLA agreements.
  • Assist management in facilitating start-up QSR accounts while effectively managing GPO accounts.
  • Manage expectations of DCMA / DCAA regulators and when necessary defend evaluated/negotiated positions.
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New business coordinator vs contract coordinator skills

Common new business coordinator skills
  • Data Entry, 14%
  • Customer Service, 12%
  • Underwriting Process, 6%
  • Life Insurance Policies, 5%
  • Business Development, 5%
  • Insurance Carriers, 5%
Common contract coordinator skills
  • Customer Service, 12%
  • Data Entry, 7%
  • Contract Management, 6%
  • Excellent Organizational, 5%
  • Patients, 5%
  • PowerPoint, 4%

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