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Accounts receivable specialist vs account specialist

The differences between accounts receivable specialists and account specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both an accounts receivable specialist and an account specialist. Additionally, an account specialist has an average salary of $42,586, which is higher than the $39,873 average annual salary of an accounts receivable specialist.

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

Accounts receivable specialist vs account specialist overview

Accounts Receivable SpecialistAccount Specialist
Yearly salary$39,873$42,586
Hourly rate$19.17$20.47
Growth rate-8%-8%
Number of jobs61,988116,010
Job satisfaction4.5-
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 54%
Average age4646
Years of experience1212

What does an accounts receivable specialist do?

Accounts receivable specialists are members of the organization's finance or accounting department. They are responsible for managing the collection of payments for the company. They prepare official receipts and coordinate with account payable specialists from other companies with pending payables. They ensure that clients pay on time, and they also follow up on payments when necessary. They are responsible for checking whether the clients have already paid in full. Accounts receivable specialists are in charge of updating accounting records as well to ensure that client records are up to date.

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.

Accounts receivable specialist vs account specialist salary

Accounts receivable specialists and account specialists have different pay scales, as shown below.

Accounts Receivable SpecialistAccount Specialist
Average salary$39,873$42,586
Salary rangeBetween $31,000 And $50,000Between $28,000 And $62,000
Highest paying CityWashington, DCWashington, DC
Highest paying stateConnecticutVirginia
Best paying companyInfosysPublicServiceMicrosoft
Best paying industryTechnologyFinance

Differences between accounts receivable specialist and account specialist education

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

Accounts Receivable SpecialistAccount Specialist
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 54%
Most common majorBusinessBusiness
Most common college--

Accounts receivable specialist vs account specialist demographics

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

Accounts Receivable SpecialistAccount Specialist
Average age4646
Gender ratioMale, 18.2% Female, 81.8%Male, 32.2% Female, 67.8%
Race ratioBlack or African American, 12.9% Unknown, 4.2% Hispanic or Latino, 19.0% Asian, 3.9% White, 59.6% American Indian and Alaska Native, 0.5%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%
LGBT Percentage8%8%

Differences between accounts receivable specialist and account specialist duties and responsibilities

Accounts receivable specialist example responsibilities.

  • Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
  • Perform accounts reconciliations, complex invoice research, statement reconciliations, complex invoice research, statement reconciliation and journal entries.
  • Follow company's standard operating procedures in cooperation with Medicare, Medicaid and private insurance providers to resolve billing issues.
  • Cash and credit allocation of customer payments in ROSS ERP system.
  • Prepare PowerPoint presentations, word documents, letters and spreadsheets while meeting deadlines.
  • Reconcile direct billing accounts and adjust product pricing utilizing JD Edwards EnterpriseONE ERP system.
  • Show more

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.
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Accounts receivable specialist vs account specialist skills

Common accounts receivable specialist skills
  • Customer Service, 15%
  • Patients, 9%
  • Data Entry, 5%
  • Credit Card Payments, 4%
  • Reconciliations, 4%
  • Accounts Receivables, 3%
Common account specialist skills
  • Customer Service, 25%
  • Patients, 13%
  • Account Management, 6%
  • PowerPoint, 4%
  • Data Entry, 4%
  • Catheter, 3%

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