Account specialist vs accounts receivable analyst

The differences between account specialists and accounts receivable analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both an account specialist and an accounts receivable analyst. Additionally, an accounts receivable analyst has an average salary of $43,692, which is higher than the $42,586 average annual salary of an account specialist.

The top three skills for an account specialist include customer service, patients and account management. The most important skills for an accounts receivable analyst are customer service, reconciliations, and customer accounts.

Account specialist vs accounts receivable analyst overview

	Account Specialist	Accounts Receivable Analyst
Yearly salary	$42,586	$43,692
Hourly rate	$20.47	$21.01
Growth rate	-8%	-8%
Number of jobs	116,010	26,558
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 54%	Bachelor's Degree, 61%
Average age	46	46
Years of experience	12	12

What does an account specialist do?

An account specialist is responsible for reaching out to customers or potential clients through calls, emails, and other forms of correspondence to secure sales and strengthen business relations. An account specialist may also perform other tasks such as arranging appointment schedules with clients, providing price quotes and responding to further inquiries, process orders, generating sales leads, and handling complaints and resolving issues. Furthermore, an account specialist may also be involved in developing strategies, finding new opportunities, producing and completing necessary documents, and preparing reports, all in adherence to the company's policies and regulations.

What does an accounts receivable analyst do?

An Accounts Receivable Analyst provides accounts receivable support through monitoring all aspects of the collection of outstanding debts owed to a company. They check missing and unresolved payment issues, monitor overdue accounts, and prepare statements for managers.

Account specialist vs accounts receivable analyst salary

Account specialists and accounts receivable analysts have different pay scales, as shown below.

	Account Specialist	Accounts Receivable Analyst
Average salary	$42,586	$43,692
Salary range	Between $28,000 And $62,000	Between $33,000 And $57,000
Highest paying City	Washington, DC	Arlington, VA
Highest paying state	Virginia	Connecticut
Best paying company	Microsoft	Pacific Investment Management Company LLC
Best paying industry	Finance	Hospitality

Differences between account specialist and accounts receivable analyst education

There are a few differences between an account specialist and an accounts receivable analyst in terms of educational background:

	Account Specialist	Accounts Receivable Analyst
Most common degree	Bachelor's Degree, 54%	Bachelor's Degree, 61%
Most common major	Business	Business
Most common college	-	-

Account specialist vs accounts receivable analyst demographics

Here are the differences between account specialists' and accounts receivable analysts' demographics:

	Account Specialist	Accounts Receivable Analyst
Average age	46	46
Gender ratio	Male, 32.2% Female, 67.8%	Male, 29.4% Female, 70.6%
Race ratio	Black or African American, 13.2% Unknown, 4.1% Hispanic or Latino, 17.8% Asian, 3.7% White, 60.8% American Indian and Alaska Native, 0.5%	Black or African American, 14.2% Unknown, 4.0% Hispanic or Latino, 18.7% Asian, 3.5% White, 59.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between account specialist and accounts receivable analyst duties and responsibilities

Account specialist example responsibilities.

Cultivate productive long-term relationships with all assign accounts, and manage all reporting and presentation needs for RFP's.
Manage a portfolio of accounts end to end RFP program execution inclusive of pricing, contracting, process and technology solutions.
Manage the daily correspondence from assign practices with keeping doctor/patient confidentiality under consideration along with HIPPA regulations.
Deliver exceptional customer service to hospital accounts and internal sales representatives in accordance to revenue recognition policies and HIPAA regulations.
Experience with CMS 1500 and UB-04 claims using HCPC/CPT codes as well as NDC codes
Monitor CMS and real time aux codes.

Accounts receivable analyst example responsibilities.

Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
Perform and analyze all accounts receivable duties, including proper application of cash, check, ACH, and wire transactions.
Forecast estimate check clearing, deposits, ACH activities and other variables in order to set guidelines for daily cash position.
Verify benefits and eligibility for new patients.
Determine medical benefits base on contractual agreements assuring benefits are applied correctly for patients during claims processing.
Code invoices, research customer information, perform detail reconciliations, analyze exceptions with customer information and billing.

Account specialist vs accounts receivable analyst skills

Common account specialist skills

Customer Service, 25%
Patients, 13%
Account Management, 6%
PowerPoint, 4%
Data Entry, 4%
Catheter, 3%

Common accounts receivable analyst skills

Customer Service, 13%
Reconciliations, 8%
Customer Accounts, 7%
Pivot Tables, 4%
Patients, 4%
Financial Reports, 4%

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Account Specialist vs Accounts Receivable Analyst

Updated January 8, 2025

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