Proof clerk vs payment processor

The differences between proof clerks and payment processors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a proof clerk and a payment processor. Additionally, a payment processor has an average salary of $34,030, which is higher than the $33,935 average annual salary of a proof clerk.

The top three skills for a proof clerk include customer accounts, encode and financial institutions. The most important skills for a payment processor are customer service, patients, and data entry.

Proof clerk vs payment processor overview

	Proof Clerk	Payment Processor
Yearly salary	$33,935	$34,030
Hourly rate	$16.31	$16.36
Growth rate	-5%	-5%
Number of jobs	66,500	33,161
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 34%	Bachelor's Degree, 35%
Average age	51	51
Years of experience	6	6

Proof clerk vs payment processor salary

Proof clerks and payment processors have different pay scales, as shown below.

	Proof Clerk	Payment Processor
Average salary	$33,935	$34,030
Salary range	Between $27,000 And $42,000	Between $27,000 And $42,000
Highest paying City	-	San Jose, CA
Highest paying state	-	Alaska
Best paying company	-	University of California, Berkeley
Best paying industry	-	Insurance

Differences between proof clerk and payment processor education

There are a few differences between a proof clerk and a payment processor in terms of educational background:

	Proof Clerk	Payment Processor
Most common degree	Bachelor's Degree, 34%	Bachelor's Degree, 35%
Most common major	Business	Business
Most common college	Northwestern University	University of Pennsylvania

Proof clerk vs payment processor demographics

Here are the differences between proof clerks' and payment processors' demographics:

	Proof Clerk	Payment Processor
Average age	51	51
Gender ratio	Male, 26.9% Female, 73.1%	Male, 21.5% Female, 78.5%
Race ratio	Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.6% American Indian and Alaska Native, 0.6%	Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.4% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between proof clerk and payment processor duties and responsibilities

Proof clerk example responsibilities.

Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
Handle bank transactions send through mail and ATM deposits transactions.
Dispatch cash teams and technicians to replenish/repair branch ATM's.
Support department with human resources functions including benefits administration, staff training and development, and payroll administration.
Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.

Payment processor example responsibilities.

Manage and review all incoming discounts and electronic contractual adjustments for accuracy per the negotiated Medicaid and Medicare contracts ;.
Maintain daily transactions for customer payments and various bank accounts using Quickbooks to track transactions.
Prepare and print all reports for EDI processing.
Maintain client customer confidentiality and HIPAA regulations with all data handling and transfers.
Uphold and reinforce compliance with hospital policies and federal regulations such as HIPAA.
Investigate and take corrective action regarding invoices reject by system or through EDI.

Proof clerk vs payment processor skills

Common proof clerk skills

Customer Accounts, 20%
Encode, 17%
Financial Institutions, 16%
Stop Payments, 14%
Office Machines, 12%
ATM, 12%

Common payment processor skills

Customer Service, 15%
Patients, 10%
Data Entry, 10%
ACH, 8%
Phone Calls, 5%
Credit Card Payments, 4%