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Patient coordinator vs finance coordinator

The differences between patient coordinators and finance coordinators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a patient coordinator, becoming a finance coordinator takes usually requires 4-6 years. Additionally, a finance coordinator has an average salary of $49,358, which is higher than the $32,954 average annual salary of a patient coordinator.

The top three skills for a patient coordinator include patients, customer service and patient care. The most important skills for a finance coordinator are patients, customer service, and payroll.

Patient coordinator vs finance coordinator overview

Patient CoordinatorFinance Coordinator
Yearly salary$32,954$49,358
Hourly rate$15.84$23.73
Growth rate-4%-5%
Number of jobs97,878106,187
Job satisfaction-5
Most common degreeBachelor's Degree, 40%Bachelor's Degree, 58%
Average age4051
Years of experience46

What does a patient coordinator do?

A patient coordinator functions as the primary point of contact between health care professionals and patients in a medical facility. They mostly perform administrative tasks such as greeting visitors, answering calls, responding to inquiries, managing schedules, arranging appointments, processing payments, gathering information, and keeping records. Moreover, they assist in filling out forms, escorting patients to different rooms or offices, and setting treatment plans. Most importantly, they discuss and share necessary information with patients and families regarding medications, procedures, and proceeding care according to a physician's assessment.

What does a finance coordinator do?

Finance coordinators are skilled professionals who are employed by all types of industries to manage their financial records accurately. Under the supervision of financial managers, they correlate the company's accounts receivables and payables. They should be able to keep records together with documentation effectively to ensure precision and punctuality of deliverables. Their responsibilities include ensuring accurate billing of customers, managing billing issues and disputes, and making required adjustments to clients' accounts. Candidates for the job must be organized, detail-oriented, able to multi-task as well as cautiously handle sensitive information.

Patient coordinator vs finance coordinator salary

Patient coordinators and finance coordinators have different pay scales, as shown below.

Patient CoordinatorFinance Coordinator
Average salary$32,954$49,358
Salary rangeBetween $25,000 And $41,000Between $34,000 And $71,000
Highest paying CityBrockton, MAWashington, DC
Highest paying stateMassachusettsMaryland
Best paying companyUniversity of California, BerkeleyMcKinsey & Company Inc
Best paying industryHealth CareProfessional

Differences between patient coordinator and finance coordinator education

There are a few differences between a patient coordinator and a finance coordinator in terms of educational background:

Patient CoordinatorFinance Coordinator
Most common degreeBachelor's Degree, 40%Bachelor's Degree, 58%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Patient coordinator vs finance coordinator demographics

Here are the differences between patient coordinators' and finance coordinators' demographics:

Patient CoordinatorFinance Coordinator
Average age4051
Gender ratioMale, 11.2% Female, 88.8%Male, 22.1% Female, 77.9%
Race ratioBlack or African American, 11.1% Unknown, 5.3% Hispanic or Latino, 25.4% Asian, 6.2% White, 51.4% American Indian and Alaska Native, 0.7%Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between patient coordinator and finance coordinator duties and responsibilities

Patient coordinator example responsibilities.

  • Comply with HIPAA regulations by discreetly and professionally handling all patients private medical information.
  • Gather personal plus insurance information and perform thorough insurance breakdowns for patients.
  • Communicate directly with patients to obtain initial patient information and respond to inquiries.
  • Process and update HIPAA relate paperwork and other require institutional forms as necessary.
  • Obtain all necessary documentation prior to surgery such as proof of identification, copy of insurance and require insurance referrals.
  • Respond in writing to all grievances in accordance with CMS and DNV guidelines.
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Finance coordinator example responsibilities.

  • Manage patient and insurance account receivables, perform patient account reconciliations, account audits, process insurance billing/correspondence.
  • Construct posts featuring highlights of past events on Facebook.
  • Enter EOB payments and denials and perform follow up with insurance company on denials.
  • Create promotional flyers for annual concerts and fundraisers which are posted through via Facebook and local areas.
  • Review and process EOB's daily, entering comments into the bill comment log as to status of follow up.
  • Produce basic PowerPoint presentation materials, including graphical renderings for illustration.
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Patient coordinator vs finance coordinator skills

Common patient coordinator skills
  • Patients, 30%
  • Customer Service, 11%
  • Patient Care, 6%
  • Patient Flow, 5%
  • Excellent Organizational, 4%
  • Check-In, 3%
Common finance coordinator skills
  • Patients, 21%
  • Customer Service, 11%
  • Payroll, 5%
  • Reconciliations, 4%
  • Data Entry, 3%
  • Insurance Benefits, 3%

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