Billing analyst vs collections coordinator

The differences between billing analysts and collections coordinators 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 coordinator takes usually requires 6-12 months. Additionally, a billing analyst has an average salary of $51,544, which is higher than the $37,938 average annual salary of a collections coordinator.

The top three skills for a billing analyst include customer service, patients and billing issues. The most important skills for a collections coordinator are customer service, patients, and phone calls.

Billing analyst vs collections coordinator overview

	Billing Analyst	Collections Coordinator
Yearly salary	$51,544	$37,938
Hourly rate	$24.78	$18.24
Growth rate	-3%	-8%
Number of jobs	30,566	40,113
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 48%
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 coordinator do?

Usually working alongside a company's account receivables team, a collections coordinator is in charge of developing strategies to optimize the payment collection operations. Among their responsibilities include reaching out to clients through calls or correspondence to remind them of their payment obligations, arranging appointments, processing payments, arranging payment terms, and researching a client's communication information such as cellphone number, address, or email. Moreover, a collections coordinator must maintain an active communication line with staff while promoting and enforcing the company's policies and regulations.

Billing analyst vs collections coordinator salary

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

	Billing Analyst	Collections Coordinator
Average salary	$51,544	$37,938
Salary range	Between $35,000 And $73,000	Between $30,000 And $47,000
Highest paying City	Washington, DC	New York, NY
Highest paying state	Alaska	Connecticut
Best paying company	Meta	University of California, Berkeley
Best paying industry	Finance	Professional

Differences between billing analyst and collections coordinator education

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

	Billing Analyst	Collections Coordinator
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 48%
Most common major	Business	Business
Most common college	University of Pennsylvania	-

Billing analyst vs collections coordinator demographics

Here are the differences between billing analysts' and collections coordinators' demographics:

	Billing Analyst	Collections Coordinator
Average age	46	46
Gender ratio	Male, 29.7% Female, 70.3%	Male, 26.6% Female, 73.4%
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, 12.1% Unknown, 4.1% Hispanic or Latino, 20.8% Asian, 3.6% White, 59.0% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	8%

Differences between billing analyst and collections coordinator 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 coordinator example responsibilities.

Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
Manage accounts receivable/payment, insurance billing and follow-up for a solo physician clinic, and direct communication with patients regarding bills.
Audit outstanding accounts and resolve any balances including calling Medicare, Medicaid, government, private or commercial insurances.
Perform daily follow-up on Medicare, Medicaid, workers compensation and commercial insurances.
Hand illustrate fully render with marker and colore pencil sketches and Photoshop render drawings.
Submit insurance appeals and provider disputes when necessary.

Billing analyst vs collections coordinator skills

Common billing analyst skills

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

Common collections coordinator skills

Customer Service, 15%
Patients, 12%
Phone Calls, 6%
Collection Efforts, 4%
Delinquent Accounts, 4%
Appeals, 4%

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Billing Analyst
Billing Analyst vs Collections Coordinator

Updated January 8, 2025

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