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Account specialist vs revenue specialist

The differences between account specialists and revenue specialists can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become an account specialist, becoming a revenue specialist takes usually requires 1-2 years. Additionally, a revenue specialist has an average salary of $44,779, 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 a revenue specialist are patients, revenue cycle, and CPT.

Account specialist vs revenue specialist overview

Account SpecialistRevenue Specialist
Yearly salary$42,586$44,779
Hourly rate$20.47$21.53
Growth rate-8%-7%
Number of jobs116,01028,763
Job satisfaction--
Most common degreeBachelor's Degree, 54%Bachelor's Degree, 52%
Average age4648
Years of experience122

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 a revenue specialist do?

A revenue specialist is in charge of overseeing and processing payments for their company, ensuring accuracy and timeliness. Their responsibilities revolve around reviewing invoices and insurance claims, monitoring tax deductions and expenses, liaising with external parties, collecting payments, producing progress and revenue reports, and maintaining records of all transactions. Furthermore, as a revenue specialist, it is essential to devise strategies for managing revenues, all while upholding the company's policies and regulations, including its vision and mission.

Account specialist vs revenue specialist salary

Account specialists and revenue specialists have different pay scales, as shown below.

Account SpecialistRevenue Specialist
Average salary$42,586$44,779
Salary rangeBetween $28,000 And $62,000Between $28,000 And $71,000
Highest paying CityWashington, DCCamden, NJ
Highest paying stateVirginiaNew Jersey
Best paying companyMicrosoftMcKinsey & Company Inc
Best paying industryFinanceManufacturing

Differences between account specialist and revenue specialist education

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

Account SpecialistRevenue Specialist
Most common degreeBachelor's Degree, 54%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common college-University of Southern California

Account specialist vs revenue specialist demographics

Here are the differences between account specialists' and revenue specialists' demographics:

Account SpecialistRevenue Specialist
Average age4648
Gender ratioMale, 32.2% Female, 67.8%Male, 24.3% Female, 75.7%
Race ratioBlack 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, 12.9% Unknown, 3.2% Hispanic or Latino, 16.2% Asian, 9.9% White, 57.5% American Indian and Alaska Native, 0.2%
LGBT Percentage8%8%

Differences between account specialist and revenue specialist 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.
  • Show more

Revenue specialist example responsibilities.

  • Process account receivables, charge entry, claims, and reimbursement in adherence to Medicare and all HMO guidelines.
  • Establish a strong understanding of ICD-9 diagnosis and medical inventory codes.
  • Work claim edits to ensure clean claim billing to Medicare/Medicare HMO's.
  • Review the complex medical records and accurately codes primary/secondary diagnoses and procedures using ICD-10-CM and CPT coding conventions.
  • Initiate appeals and ensure required documentation are submitted in the appeals process.
  • Complete appeals when authorization are not obtain and or unusual procedure are performed.
  • Show more

Account specialist vs revenue specialist skills

Common account specialist skills
  • Customer Service, 25%
  • Patients, 13%
  • Account Management, 6%
  • PowerPoint, 4%
  • Data Entry, 4%
  • Catheter, 3%
Common revenue specialist skills
  • Patients, 17%
  • Revenue Cycle, 13%
  • CPT, 6%
  • Data Entry, 5%
  • Medical Terminology, 5%
  • Medicaid, 5%

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