Billing analyst vs collections/accounts receivable

The differences between billing analysts and collections/accounts receivables 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 collections/accounts receivable takes usually requires 6-12 months. Additionally, a billing analyst has an average salary of $51,544, which is higher than the $38,949 average annual salary of a collections/accounts receivable.

The top three skills for a billing analyst include customer service, patients and billing issues. The most important skills for a collections/accounts receivable are customer service, patients, and delinquent accounts.

Billing analyst vs collections/accounts receivable overview

	Billing Analyst	Collections/Accounts Receivable
Yearly salary	$51,544	$38,949
Hourly rate	$24.78	$18.73
Growth rate	-3%	-8%
Number of jobs	30,566	30,523
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 40%
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 collections/accounts receivable do?

An officer for collections/accounts receivable is in charge of a company's financial activities, ensuring that they receive payment from clients. They primarily focus on overseeing all billing and invoices, processing and verifying all receipts and rendered services, maintaining an accurate record of all transactions, producing reports and presentations, reviewing account and payment histories, and ensuring the accuracy of all processes involving the matter. Furthermore, should there be any complex issues, it is essential to reach out to a manager or a supervisor right away.

Billing analyst vs collections/accounts receivable salary

Billing analysts and collections/accounts receivables have different pay scales, as shown below.

	Billing Analyst	Collections/Accounts Receivable
Average salary	$51,544	$38,949
Salary range	Between $35,000 And $73,000	Between $30,000 And $49,000
Highest paying City	Washington, DC	Boston, MA
Highest paying state	Alaska	Connecticut
Best paying company	Meta	Apollo Global Management
Best paying industry	Finance	Finance

Differences between billing analyst and collections/accounts receivable education

There are a few differences between a billing analyst and a collections/accounts receivable in terms of educational background:

	Billing Analyst	Collections/Accounts Receivable
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 40%
Most common major	Business	Business
Most common college	University of Pennsylvania	-

Billing analyst vs collections/accounts receivable demographics

Here are the differences between billing analysts' and collections/accounts receivables' demographics:

	Billing Analyst	Collections/Accounts Receivable
Average age	46	46
Gender ratio	Male, 29.7% Female, 70.3%	Male, 25.3% Female, 74.7%
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, 12.0% Unknown, 4.1% Hispanic or Latino, 20.1% Asian, 3.8% White, 59.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	8%

Differences between billing analyst and collections/accounts receivable 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.

Collections/accounts receivable example responsibilities.

Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
Work accounts receivable for Medicaid verification and payments.
Work remittance advice from Medicaid ensuring accuracy of payments.
Research and obtain extensive knowledge of FDCPA debt recovery laws and assist in recovering commercial debt from organizations.
Communicate effectively with patients, physicians, hospital staff, and insurance representatives to ensure accuracy in claims processing.
Review claims to determine if process correctly and if necessary, direct patients to contact insurance companies regarding additional benefit questions.

Billing analyst vs collections/accounts receivable skills

Common billing analyst skills

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

Common collections/accounts receivable skills

Customer Service, 21%
Patients, 6%
Delinquent Accounts, 5%
Credit Card Payments, 5%
Past Due Accounts, 5%
Customer Accounts, 5%

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Billing Analyst
Billing Analyst vs Collections/Accounts Receivable

Updated January 8, 2025

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