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The differences between accounts receivable specialists and billing and insurance coordinators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become an accounts receivable specialist, becoming a billing and insurance coordinator takes usually requires 1-2 years. Additionally, a billing and insurance coordinator has an average salary of $41,141, 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 a billing and insurance coordinator are patients, customer service, and data entry.
Accounts Receivable Specialist | Billing And Insurance Coordinator | |
Yearly Salary | $39,873 | $41,141 |
Hourly rate | $19.17 | $19.78 |
Growth Rate | -8% | -3% |
Number Of Jobs | 61,988 | 67,385 |
Job Satisfaction | 4.5 | - |
Most Common Degree | Bachelor's Degree, 45% | Bachelor's Degree, 41% |
Average Age | 46 | 46 |
Years Of Experience | 12 | 2 |
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.
A billing and insurance coordinator is responsible for coordinating with employees from different departments of an organization for billing and insurance processing purposes. Billing and insurance coordinators sort mail for distribution to appropriate personnel, performing administrative and clerical duties as needed, managing and releasing of invoices under the manager's supervision, and responding to employees' inquiries and concerns. A billing and insurance coordinator must be highly analytical, as well as have excellent knowledge of the insurance disciplines and processes to assist the employees with their payments and benefits.
Accounts receivable specialists and billing and insurance coordinators have different pay scales, as shown below.
Accounts Receivable Specialist | Billing And Insurance Coordinator | |
Average Salary | $39,873 | $41,141 |
Salary Range | Between $31,000 And $50,000 | Between $27,000 And $60,000 |
Highest Paying City | Washington, DC | Washington, DC |
Highest Paying State | Connecticut | Maryland |
Best Paying Company | InfosysPublicService | Kane Russell Coleman Logan |
Best Paying Industry | Technology | Professional |
There are a few differences between an accounts receivable specialist and a billing and insurance coordinator in terms of educational background:
Accounts Receivable Specialist | Billing And Insurance Coordinator | |
Most Common Degree | Bachelor's Degree, 45% | Bachelor's Degree, 41% |
Most Common Major | Business | Business |
Most Common College | - | University of Pennsylvania |
Here are the differences between accounts receivable specialists' and billing and insurance coordinators' demographics:
Accounts Receivable Specialist | Billing And Insurance Coordinator | |
Average Age | 46 | 46 |
Gender Ratio | Male, 18.2% Female, 81.8% | Male, 15.4% Female, 84.6% |
Race Ratio | Black 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, 10.7% Unknown, 4.3% Hispanic or Latino, 21.6% Asian, 6.8% White, 55.9% American Indian and Alaska Native, 0.8% |
LGBT Percentage | 8% | 7% |