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Sales producer vs insurance verification specialist

The differences between sales producers and insurance verification specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a sales producer has an average salary of $51,287, which is higher than the $33,043 average annual salary of an insurance verification specialist.

The top three skills for a sales producer include insurance products, strong work ethic and business relationships. The most important skills for an insurance verification specialist are patients, insurance verification, and customer service.

Sales producer vs insurance verification specialist overview

Sales ProducerInsurance Verification Specialist
Yearly salary$51,287$33,043
Hourly rate$24.66$15.89
Growth rate6%6%
Number of jobs41,95171,688
Job satisfaction--
Most common degreeBachelor's Degree, 60%Associate Degree, 27%
Average age4646
Years of experience--

What does a sales producer do?

A sales producer is responsible for performing sales calls and administering all leads. You will be responsible for preparing the policies aimed at sales procedures and developing the necessary sales documents. Other responsibilities include making sure that all sales personnel adhere to all policies and procedures, coordinating with customers about policy expiration dates, and maintaining strong and long-lasting relationships with customers. As a sales producer, you will be responsible for managing prospective sale campaigns and managing all correspondence with both prospective and existing clients.

What does an insurance verification specialist do?

An insurance verification specialist is responsible for confirming a patient's insurance details and eligibility to receive medical care services. Insurance verification specialists review the insurance documents of the patients, including its coverage and limitations, and escalate concerns to the supervisor for immediate resolution. They process paperwork accordingly upon coordinating with the patients and attending health professionals. An insurance verification specialist must have excellent communication and organizational skills, finishing administrative tasks efficiently under minimal supervision.

Sales producer vs insurance verification specialist salary

Sales producers and insurance verification specialists have different pay scales, as shown below.

Sales ProducerInsurance Verification Specialist
Average salary$51,287$33,043
Salary rangeBetween $24,000 And $107,000Between $28,000 And $37,000
Highest paying CityArlington, MAMadison, WI
Highest paying stateMassachusettsNew Hampshire
Best paying companyCochrane & CompanySt. Luke's Cataract & Laser Institute
Best paying industry-Pharmaceutical

Differences between sales producer and insurance verification specialist education

There are a few differences between a sales producer and an insurance verification specialist in terms of educational background:

Sales ProducerInsurance Verification Specialist
Most common degreeBachelor's Degree, 60%Associate Degree, 27%
Most common majorBusinessHealth Care Administration
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Sales producer vs insurance verification specialist demographics

Here are the differences between sales producers' and insurance verification specialists' demographics:

Sales ProducerInsurance Verification Specialist
Average age4646
Gender ratioMale, 53.2% Female, 46.8%Male, 11.4% Female, 88.6%
Race ratioBlack or African American, 9.5% Unknown, 3.6% Hispanic or Latino, 16.2% Asian, 4.9% White, 65.7% American Indian and Alaska Native, 0.1%Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 16.0% Asian, 4.9% White, 66.1% American Indian and Alaska Native, 0.1%
LGBT Percentage7%7%

Differences between sales producer and insurance verification specialist duties and responsibilities

Sales producer example responsibilities.

  • Sell auto, home, boat, motorcycle and other specialty lines via leads, telemarketing, walk-ins, etc.
  • Generate production and leads through telemarketing sales.
  • Offer to clients annuities and other insurance products.
  • Learned and sell diverse health, life and Medicare insurance product line
  • Produce client's needs analysis and financial planning for retirement and annuities.
  • Help explain to potential prospects there rights and entitlements when electing a Medicare supplement.
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Insurance verification specialist example responsibilities.

  • Check CPT and ICD-10 codes with LCD and policies from multiple insurance companies to make sure procedures will be paid.
  • Support the patient privacy/confidentiality policies and regulations under HIPAA for patients and their medical records.
  • Confirm correct charges base on HCPCS codes.
  • Assist callers as well with questions about their benefits, terms and conditions of medical plans, appeals and grievances.
  • Provide medical record support in the absence of EMR: assist clinics and hospitals in obtaining medical records in appropriate format.
  • Document outbound communication from providers and veterans.
  • Show more

Sales producer vs insurance verification specialist skills

Common sales producer skills
  • Insurance Products, 13%
  • Strong Work Ethic, 10%
  • Business Relationships, 8%
  • Insurance Sales, 6%
  • Cross-Selling, 5%
  • Lead Generation, 5%
Common insurance verification specialist skills
  • Patients, 25%
  • Insurance Verification, 15%
  • Customer Service, 7%
  • Insurance Eligibility, 5%
  • Data Entry, 4%
  • Medical Terminology, 4%