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Accounts Receivable Specialist Vs Billing And Insurance Coordinator

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 vs billing and insurance coordinator overview

Accounts Receivable SpecialistBilling And Insurance Coordinator
Yearly Salary$39,873$41,141
Hourly rate$19.17$19.78
Growth Rate-8%-3%
Number Of Jobs61,98867,385
Job Satisfaction4.5-
Most Common DegreeBachelor's Degree, 45%Bachelor's Degree, 41%
Average Age4646
Years Of Experience122

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 a billing and insurance coordinator do?

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 specialist vs billing and insurance coordinator salary

Accounts receivable specialists and billing and insurance coordinators have different pay scales, as shown below.

Accounts Receivable SpecialistBilling And Insurance Coordinator
Average Salary$39,873$41,141
Salary RangeBetween $31,000 And $50,000Between $27,000 And $60,000
Highest Paying CityWashington, DCWashington, DC
Highest Paying StateConnecticutMaryland
Best Paying CompanyInfosysPublicServiceKane Russell Coleman Logan
Best Paying IndustryTechnologyProfessional

Differences between accounts receivable specialist and billing and insurance coordinator education

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

Accounts Receivable SpecialistBilling And Insurance Coordinator
Most Common DegreeBachelor's Degree, 45%Bachelor's Degree, 41%
Most Common MajorBusinessBusiness
Most Common College-University of Pennsylvania

Accounts receivable specialist vs billing and insurance coordinator demographics

Here are the differences between accounts receivable specialists' and billing and insurance coordinators' demographics:

Accounts Receivable SpecialistBilling And Insurance Coordinator
Average Age4646
Gender RatioMale, 18.2% Female, 81.8%Male, 15.4% Female, 84.6%
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, 10.7% Unknown, 4.3% Hispanic or Latino, 21.6% Asian, 6.8% White, 55.9% American Indian and Alaska Native, 0.8%
LGBT Percentage8%7%

Differences between accounts receivable specialist and billing and insurance coordinator 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

Billing And Insurance Coordinator Example Responsibilities.

  • Develop a database to maintain/update all manage care, Medicare and Medicaid fee schedules for accessibility by physicians and administrators.
  • Look up for ICD-9 codes charges on a daily basic to verify that physicians post charges.
  • Enter new and verify insurance information, putting in ICD-9 codes, correcting location and too late to bill.
  • Instruct and supervise support staff in accurate CPT and ICD9 coding for the oncology department of a large medical clinic.
  • Research and resubmitted reject claims with correct diagnosis, CPT codes and erroneous demographics for deny charges to insurances for reprocessing.
  • Maintain strict patient confidentiality and adhere to HIPAA guidelines/regulations.
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Accounts receivable specialist vs billing and insurance coordinator skills

Common Accounts Receivable Specialist Skills
  • Customer Service, 15%
  • Patients, 9%
  • Data Entry, 5%
  • Credit Card Payments, 4%
  • Reconciliations, 4%
  • Accounts Receivables, 3%
Common Billing And Insurance Coordinator Skills
  • Patients, 16%
  • Customer Service, 12%
  • Data Entry, 7%
  • Billing System, 4%
  • Billing Issues, 4%
  • Medical Billing, 3%

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