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Billing associate vs billing analyst

The differences between billing associates and billing analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a billing associate and a billing analyst. Additionally, a billing analyst has an average salary of $51,544, 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 a billing analyst are customer service, patients, and billing issues.

Billing associate vs billing analyst overview

Billing AssociateBilling Analyst
Yearly salary$34,612$51,544
Hourly rate$16.64$24.78
Growth rate-3%-3%
Number of jobs23,83530,566
Job satisfaction--
Most common degreeBachelor's Degree, 43%Bachelor's Degree, 59%
Average age4646
Years of experience22

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 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.

Billing associate vs billing analyst salary

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

Billing AssociateBilling Analyst
Average salary$34,612$51,544
Salary rangeBetween $27,000 And $42,000Between $35,000 And $73,000
Highest paying CityVancouver, WAWashington, DC
Highest paying stateWashingtonAlaska
Best paying companyHuron Consulting GroupMeta
Best paying industryTechnologyFinance

Differences between billing associate and billing analyst education

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

Billing AssociateBilling Analyst
Most common degreeBachelor's Degree, 43%Bachelor's Degree, 59%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Billing associate vs billing analyst demographics

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

Billing AssociateBilling Analyst
Average age4646
Gender ratioMale, 20.6% Female, 79.4%Male, 29.7% Female, 70.3%
Race ratioBlack 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, 11.3% Unknown, 4.4% Hispanic or Latino, 18.4% Asian, 7.3% White, 57.7% American Indian and Alaska Native, 0.9%
LGBT Percentage7%7%

Differences between billing associate and billing 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.
  • Show more

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.
  • Show more

Billing associate vs billing analyst skills

Common billing associate skills
  • Patients, 15%
  • Customer Service, 12%
  • Data Entry, 11%
  • Medical Billing, 5%
  • Insurance Billing, 3%
  • Billing Inquiries, 3%
Common billing analyst skills
  • Customer Service, 16%
  • Patients, 7%
  • Billing Issues, 6%
  • Strong Analytical, 5%
  • Billing System, 5%
  • Data Entry, 4%

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