Billing analyst vs collection analyst

The differences between billing analysts and collection analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a billing analyst, becoming a collection analyst takes usually requires 6-12 months. Additionally, a billing analyst has an average salary of $51,544, which is higher than the $46,819 average annual salary of a collection analyst.

The top three skills for a billing analyst include customer service, patients and billing issues. The most important skills for a collection analyst are customer service, portfolio, and patients.

Billing analyst vs collection analyst overview

	Billing Analyst	Collection Analyst
Yearly salary	$51,544	$46,819
Hourly rate	$24.78	$22.51
Growth rate	-3%	-8%
Number of jobs	30,566	28,967
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 55%
Average age	46	46
Years of experience	2	12

What does a billing analyst do?

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.

What does a collection analyst do?

Collections analysts assess the riskiness of a company or person in credit extension and repayment collection. The analysts manage data processing contract procurement negotiation. They help in the quarterly and yearly external and internal audits. It is part of their job to collect the first payment default and make sure that portfolios are inappropriate performance. They also act on collection calls for the area of responsibility assigned to them.

Billing analyst vs collection analyst salary

Billing analysts and collection analysts have different pay scales, as shown below.

	Billing Analyst	Collection Analyst
Average salary	$51,544	$46,819
Salary range	Between $35,000 And $73,000	Between $31,000 And $69,000
Highest paying City	Washington, DC	Washington, DC
Highest paying state	Alaska	Connecticut
Best paying company	Meta	American Tower
Best paying industry	Finance	Technology

Differences between billing analyst and collection analyst education

There are a few differences between a billing analyst and a collection analyst in terms of educational background:

	Billing Analyst	Collection Analyst
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 55%
Most common major	Business	Business
Most common college	University of Pennsylvania	-

Billing analyst vs collection analyst demographics

Here are the differences between billing analysts' and collection analysts' demographics:

	Billing Analyst	Collection Analyst
Average age	46	46
Gender ratio	Male, 29.7% Female, 70.3%	Male, 37.7% Female, 62.3%
Race ratio	Black or African American, 11.3% Unknown, 4.4% Hispanic or Latino, 18.4% Asian, 7.3% White, 57.7% American Indian and Alaska Native, 0.9%	Black or African American, 13.9% Unknown, 4.2% Hispanic or Latino, 18.6% Asian, 4.0% White, 58.8% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	8%

Differences between billing analyst and collection analyst duties and responsibilities

Billing analyst example responsibilities.

Set up, manage, and terminate ACH accounts.
Manage multiple contracts including timely and accurate billing of monthly invoices, payment notifications, and reconciliations.
Use of the CMS website to determine the correct LCDs or NCDs for Medicare claims.
Master sales, events, and reservations systems.
Produce month-end reports from IDX for executive staff.
Prepare provisional invoices for billing after provisional rates are receive from DCAA.

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Collection analyst example responsibilities.

Represent and lead the collections' team during executive management weekly conference calls providing updates on the delinquent A/R reports.
Assist in reducing the DSO down and limit bad debt expense while focusing on building revenue.
Maintain customer relations while improving company DSO.
Work remittance advice from Medicaid and Medicare ensuring accuracy of payments, correcting account billing according with Medicaid or Medicare disposition.
Do credit checks for new clients with Dunn & Bradstreet along with Equifax.
Perform processing functions necessary to ensure timely and accurate DME billing.

Billing analyst vs collection analyst skills

Common billing analyst skills

Customer Service, 16%
Patients, 7%
Billing Issues, 6%
Strong Analytical, 5%
Billing System, 5%
Data Entry, 4%

Common collection analyst skills

Customer Service, 16%
Portfolio, 9%
Patients, 5%
Customer Accounts, 5%
Delinquent Accounts, 4%
Reconciliations, 4%

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Updated January 8, 2025

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