A billing administrator routinely monitors and assesses the money owed to an organization or company for products and services provided. Their professional niche is typically in healthcare institutions and insurance companies. They arrange invoices, resolve billing errors, update billing records, and communicate with customers regarding complaints and reconciliations.
They use their expertise in bookkeeping to manage and collect information and account balances from clients. Since they deal with financial details, they must ensure that they adhere to the rules and regulations regarding confidential client information. They must maintain accurate records to avoid any recurring errors or issues.
With the development of electronic methods to settle account balances, they must possess proficiency in data entry and various computer applications. They must also have strong communication and organizational skills. Candidates should also have a bachelor's degree in business, accounting, healthcare administration, or related fields. The average hourly pay for a billing administrator is $17.91, which amounts to an annual salary of $37,257.
There is more than meets the eye when it comes to being a billing administrator. For example, did you know that they make an average of $18.27 an hour? That's $37,998 a year!
Between 2018 and 2028, the career is expected to grow 5% and produce 72,100 job opportunities across the U.S.
There are certain skills that many billing administrators have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed communication skills, organizational skills and math skills.
When it comes to the most important skills required to be a billing administrator, we found that a lot of resumes listed 11.1% of billing administrators included insurance companies, while 10.6% of resumes included data entry, and 7.6% of resumes included billing issues. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the billing administrator job title. But what industry to start with? Most billing administrators actually find jobs in the professional and technology industries.
If you're interested in becoming a billing administrator, one of the first things to consider is how much education you need. We've determined that 37.1% of billing administrators have a bachelor's degree. In terms of higher education levels, we found that 3.8% of billing administrators have master's degrees. Even though some billing administrators have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a billing administrator. When we researched the most common majors for a billing administrator, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on billing administrator resumes include high school diploma degrees or diploma degrees.
You may find that experience in other jobs will help you become a billing administrator. In fact, many billing administrator jobs require experience in a role such as administrative assistant. Meanwhile, many billing administrators also have previous career experience in roles such as customer service representative or office manager.