The presenter explained that Walters has taught her a great deal about the art of interviewing.
Hasselbeck told Parade: "She challenges me in the most incredible way. I am better at my job because of Barbara. She exemplifies the hard work, effort, and dedication it takes for live television and news to be great. She has the ability to look across at the sofa at me - and I don't know how - but we've developed this language through our eyes.
"I know when she wants me to skip question four, bump up question six, and wrap the segment. It's wild. I've played athletics a long time, and I've had wonderful coaches.
"She is a Super Bowl-caliber coach, and at the same time she is a great friend. There are days when she's harder on me than others and that's fine. She makes me better and I'm forever thankful for that."
Hasselbeck also admitted that she gets very frustrated when her political beliefs are misunderstood by her fellow View hosts.
"Undoubtedly, the biggest misconception about me is that I'm some staunch conservative, blind, right-wing hardcore Republican who doesn't want to hear anything from the other side," she said. "Quite frankly, if you put anyone next to Joy [Behar] they're going to look very conservative!"
Hasselbeck and former View co-host Rosie O'Donnell had numerous on-air arguments about politics, but the two apparently put aside their disagreements earlier this year.
> Hasselbeck: 'Football brings family together'
Watch one of Elisabeth Hasselbeck, Rosie O'Donnell and Joy Behar's heated View discussions below: