Research Summary. Using a combination of public government and company data as well as data gathered from thousands of job postings, the Zippia data team has created average salary estimates for jobs across the US. Using that data set, the team has identified the types of billing specialists that are the highest paid based on their average annual salaries.
Here is a summary of our findings for the highest-paying types of billing specialists:
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Specialist is the highest-paid type of billing specialist with an average salary of $58,013 and an average hourly rate of $27.89.
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The second highest-paying type of billing specialist is billing analyst, with an average salary of $51,544.
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The average billing specialist salary is $35,624 per year, and the average hourly pay is $17.13.
Table Of Contents: Background | Table | Methodology | FAQs
Background
Choosing a career path can be difficult, and while pay shouldn’t be the only thing you consider in your decision, it is a significant factor. So if you’d like to work as a billing specialist, it helps to have an idea of what the highest-paid types of billing specialists are so that you can plan your career progression.
Here are the top salaries for different types of billing specialists:
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Specialist
Average Salary: $58,013
Specialists are employees who are responsible for specific tasks or activities in the department they are assigned to. The actions or tasks they work on are related to their educational background or work experiences. They are usually highly skilled in specializations related to the work they are assigned to. Specialists are also highly trained on the competencies that are required of their specialty. As such, they are focused on the skills and competencies that are needed to enhance their experience in their specific field further.
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Billing Analyst
Average Salary: $51,544
A billing analyst is responsible for supporting the operations of an accounting department, evaluating and issuing invoices, and analyzing the financial transactions of the company. Billing analysts assist with creating financial statements and reports, managing billing discrepancies, updating recent account statements on the company’s database, and checking the accuracy of balance sheets. A billing analyst must have excellent analytical skills, as well as the knowledge of the accounting principles, performing account reconciliations, processing receivables, and tracking clients’ billing statements.
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Revenue Specialist
Average Salary: $44,779
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.
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Account Specialist
Average Salary: $42,586
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.
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Billing And Insurance Coordinator
Average Salary: $41,141
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.
Below is a full table of the average pay for various billing specialist that pay the most followed by a more detailed explanation of our methodology.
Highest-Paying Types Of Billing Specialists
Methodology
Zippia uses publicly published information from government sources such as the Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC), and the Office of Personnel Management (OPM) to create its salary estimates.
Our data science team also checks job postings and company-published resources for additional up-to-date salary information for billing specialists.
Once they’ve gathered the data, the team calculates a weighted average for each job title they’re estimating a salary for. For more details on our salary estimates, you can read the detailed methodology.
Highest-Paying Types Of Billing Specialist Jobs FAQs
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What is the highest-paid billing specialist job?
The highest-paid billing specialist job is a specialist. Specialists earn an average salary of $58,013, which is $ 27.89 hourly.
Specialists are employees who are responsible for specific tasks or activities in the department they are assigned to. The actions or tasks they work on are related to their educational background or work experiences. They are usually highly skilled in specializations related to the work they are assigned to. Specialists are also highly trained on the competencies that are required of their specialty. As such, they are focused on the skills and competencies that are needed to enhance their experience in their specific field further.
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What is a good salary for a billing specialist?
A good salary for a billing specialist is $35,624 or more. The average billing specialist salary is $35,624, so those making at least $35,624 are earning above-average paychecks.
Keep in mind, however, that the average billing specialist salary does fluctuate based on location, as companies will adjust their pay scales based on the cost of living in that area. Research what the average salary is in your area for someone of your expertise and experience level to get a more accurate view on how well you’re being paid.
In addition, if you’re just starting your career as a billing specialist, the average entry level salary is $30,500, so don’t base your opinion of your salary on the $35,624 average, as this includes all billing specialists of all skill and experience levels.
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Do Billing Specialist jobs pay well?
No, billing specialist jobs don’t pay well. As in any industry, some billing specialist jobs pay better than others, but the average billing specialist salary of $35,624 is times the average national salary of about $44,225 per year.
In addition to this, many billing specialist jobs have high earning potential, with the top 10% of billing specialists earning $48,154 a year on average.
Billing Specialists’ salaries will fluctuate based on their experience level, industry, and location, so pay attention to these factors when you’re looking for a job as a billing specialist. Do your research on the going rate for a billing specialist in your area with your expertise, and don’t be afraid to negotiate your salary based on that information.
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Where do billing specialists get paid the most?
Billing Specialists get paid the most in Delaware. In Delaware, billing specialists earn an average annual salary of $45,798 and an average hourly wage of $22.02.
Following DE, the states with the highest-paid billing specialists are Vermont, Alaska, and District of Columbia, with average annual salaries of $40,969, $42,701, and $55,407 respectively.
The cities with the highest-paid billing specialist salaries are:
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Washington, DC – $55,412
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Boston, MA – $43,201
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Englewood, NJ – $41,160
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Author
Chris Kolmar is a co-founder of Zippia and the editor-in-chief of the Zippia career advice blog. He has hired over 50 people in his career, been hired five times, and wants to help you land your next job. His research has been featured on the New York Times, Thrillist, VOX, The Atlantic, and a host of local news. More recently, he's been quoted on USA Today, BusinessInsider, and CNBC.
