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Billing associate vs collections specialist

The differences between billing associates and collections specialists 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 a collections specialist takes usually requires 6-12 months. Additionally, a collections specialist has an average salary of $35,164, 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 collections specialist are customer service, patients, and customer accounts.

Billing associate vs collections specialist overview

Billing AssociateCollections Specialist
Yearly salary$34,612$35,164
Hourly rate$16.64$16.91
Growth rate-3%-8%
Number of jobs23,83540,277
Job satisfaction--
Most common degreeBachelor's Degree, 43%Bachelor's Degree, 34%
Average age4646
Years of experience212

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 collections specialist do?

As their name entails, collections specialists collect payments for the outstanding accounts receivables. Collections specialists list the names of those who were unable to pay their overdue bills based on their delinquency severity. They locate the customers through loan documents, background checks, credit bureau information, and other databases or paperwork. These specialists are expected to be excellent in their negotiation and communication skills. They should also be trustworthy, reliable, and act professionally to be considered as good specialists.

Billing associate vs collections specialist salary

Billing associates and collections specialists have different pay scales, as shown below.

Billing AssociateCollections Specialist
Average salary$34,612$35,164
Salary rangeBetween $27,000 And $42,000Between $27,000 And $45,000
Highest paying CityVancouver, WABoston, MA
Highest paying stateWashingtonConnecticut
Best paying companyHuron Consulting GroupKent Daniels & Associates
Best paying industryTechnologyFinance

Differences between billing associate and collections specialist education

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

Billing AssociateCollections Specialist
Most common degreeBachelor's Degree, 43%Bachelor's Degree, 34%
Most common majorBusinessBusiness
Most common collegeUniversity of Pennsylvania-

Billing associate vs collections specialist demographics

Here are the differences between billing associates' and collections specialists' demographics:

Billing AssociateCollections Specialist
Average age4646
Gender ratioMale, 20.6% Female, 79.4%Male, 30.5% Female, 69.5%
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, 12.2% Unknown, 4.1% Hispanic or Latino, 18.5% Asian, 3.7% White, 61.0% American Indian and Alaska Native, 0.5%
LGBT Percentage7%8%

Differences between billing associate and collections specialist 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

Collections specialist example responsibilities.

  • Manage university A/R processes and enforce tuition payment policy.
  • Manage accounts for healthcare clients, review detailed patient information for payment resolution while abiding HIPPA privacy and security regulations.
  • Review denied Medicare and Maine Medicaid insurance claims for accuracy.
  • Analyze hospital insurance claims of individual patients for errors and contact major insurance carriers for claims dispute resolution.
  • Analyze accounts for patients ineligible for private insurance, Medicare or Medicaid and indicating inability to pay balance.
  • Possess effective persuasion and negotiation skills, excellent interpersonal and communications skills with the ability to deliver quality customer service.
  • Show more

Billing associate vs collections specialist skills

Common billing associate skills
  • Patients, 15%
  • Customer Service, 12%
  • Data Entry, 11%
  • Medical Billing, 5%
  • Insurance Billing, 3%
  • Billing Inquiries, 3%
Common collections specialist skills
  • Customer Service, 23%
  • Patients, 8%
  • Customer Accounts, 6%
  • Payment Arrangements, 5%
  • Delinquent Accounts, 4%
  • Phone Calls, 4%

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