Billing associate vs accounts receivable analyst

The differences between billing associates and accounts receivable 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 associate, becoming an accounts receivable analyst takes usually requires 6-12 months. Additionally, an accounts receivable analyst has an average salary of $43,692, which is higher than the $34,612 average annual salary of a billing associate.

The top three skills for a billing associate include patients, customer service and data entry. The most important skills for an accounts receivable analyst are customer service, reconciliations, and customer accounts.

Billing associate vs accounts receivable analyst overview

	Billing Associate	Accounts Receivable Analyst
Yearly salary	$34,612	$43,692
Hourly rate	$16.64	$21.01
Growth rate	-3%	-8%
Number of jobs	23,835	26,558
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 61%
Average age	46	46
Years of experience	2	12

What does a billing associate do?

A billing associate is responsible for processing payments and invoices for customers and ensuring accurate financial reports for auditing purposes. Billing associates utilize the business' accounting systems to monitor billing transactions and resolve account discrepancies accordingly. They also update customer records in the database, post payments timely, and escalate outstanding bills to the supervisor for resolution. A billing associate reaches out to the clients and customers for payment responsibility and respond to the inquiries and concerns they may have.

What does an accounts receivable analyst do?

An Accounts Receivable Analyst provides accounts receivable support through monitoring all aspects of the collection of outstanding debts owed to a company. They check missing and unresolved payment issues, monitor overdue accounts, and prepare statements for managers.

Billing associate vs accounts receivable analyst salary

Billing associates and accounts receivable analysts have different pay scales, as shown below.

	Billing Associate	Accounts Receivable Analyst
Average salary	$34,612	$43,692
Salary range	Between $27,000 And $42,000	Between $33,000 And $57,000
Highest paying City	Vancouver, WA	Arlington, VA
Highest paying state	Washington	Connecticut
Best paying company	Huron Consulting Group	Pacific Investment Management Company LLC
Best paying industry	Technology	Hospitality

Differences between billing associate and accounts receivable analyst education

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

	Billing Associate	Accounts Receivable Analyst
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 61%
Most common major	Business	Business
Most common college	University of Pennsylvania	-

Billing associate vs accounts receivable analyst demographics

Here are the differences between billing associates' and accounts receivable analysts' demographics:

	Billing Associate	Accounts Receivable Analyst
Average age	46	46
Gender ratio	Male, 20.6% Female, 79.4%	Male, 29.4% Female, 70.6%
Race ratio	Black or African American, 10.7% Unknown, 4.4% Hispanic or Latino, 18.5% Asian, 7.6% White, 58.0% American Indian and Alaska Native, 0.9%	Black or African American, 14.2% Unknown, 4.0% Hispanic or Latino, 18.7% Asian, 3.5% White, 59.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	8%

Differences between billing associate and accounts receivable analyst duties and responsibilities

Billing associate example responsibilities.

Manage the submission and reimbursement of claims bill to insurance companies using ICD-9 coding.
Accept and process healthcare claims and confidential medical records; verify patient eligibility and manage the Medicare and Medicaid billing process.
Verify correct ICD-9 and CPT codes for a variety of specialties submission of electronic claims to clearinghouse.
Ensure appropriate medical terminology and HIPAA compliance for all claims entry/online submissions, payment posting, insurance and patient aging.
Help office transition from patient charts to new EMR system.
Scan in all documents to EMR routing reports and labs to ordering physicians.

Accounts receivable analyst example responsibilities.

Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
Perform and analyze all accounts receivable duties, including proper application of cash, check, ACH, and wire transactions.
Forecast estimate check clearing, deposits, ACH activities and other variables in order to set guidelines for daily cash position.
Verify benefits and eligibility for new patients.
Determine medical benefits base on contractual agreements assuring benefits are applied correctly for patients during claims processing.
Code invoices, research customer information, perform detail reconciliations, analyze exceptions with customer information and billing.

Billing associate vs accounts receivable analyst skills

Common billing associate skills

Patients, 15%
Customer Service, 12%
Data Entry, 11%
Medical Billing, 5%
Insurance Billing, 3%
Billing Inquiries, 3%

Common accounts receivable analyst skills

Customer Service, 13%
Reconciliations, 8%
Customer Accounts, 7%
Pivot Tables, 4%
Patients, 4%
Financial Reports, 4%

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Office and Administrative Industry
Billing Associate
Billing Associate vs Accounts Receivable Analyst

Updated January 8, 2025

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