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Become A Billing Specialist

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Working As A Billing Specialist

  • Processing Information
  • Interacting With Computers
  • Getting Information
  • Performing Administrative Activities
  • Communicating with Supervisors, Peers, or Subordinates
  • Mostly Sitting

  • Repetitive

  • $40,240

    Average Salary

What Does A Billing Specialist Do

Financial clerks do administrative work for many types of organizations. They keep records, help customers, and carry out financial transactions.

Duties

Financial clerks typically do the following:

  • Keep and update financial records
  • Compute bills and charges
  • Offer customer assistance
  • Carry out financial transactions

Financial clerks give administrative and clerical support in financial settings. Their specific job duties vary by specialty and by setting.

Billing and posting clerks calculate charges, develop bills, and prepare them to be mailed to customers. They review documents such as purchase orders, sales tickets, charge slips, and hospital records to compute fees or charges due. They also contact customers to get or give account information.

Gaming cage workers work in casinos and other gaming establishments. The “cage” in which they work is the central depository for money and gaming chips. Gaming cage workers sell gambling chips, tokens, or tickets to patrons. They count funds and reconcile daily summaries of transactions in order to balance books.

Payroll and timekeeping clerks compile and post employee time and payroll data. They verify and record attendance, hours worked, and pay adjustments. They ensure that employees are paid on time and that their paychecks are accurate.

Procurement clerks compile requests for materials, prepare purchase orders, keep track of purchases and supplies, and handle questions about orders. They respond to questions from customers and suppliers about the status of orders. They handle requests to change or cancel orders. They make sure that purchases arrive on schedule and that the items meet the purchaser’s specifications.

Brokerage clerks help with tasks associated with securities such as stocks, bonds, commodities, and other kinds of investments. Their duties include writing orders for stock purchases and sales, computing transfer taxes, verifying stock transactions, accepting and delivering securities, distributing dividends, and keeping records of daily transactions and holdings.

Credit authorizers, checkers, and clerks review the credit history, and get the information needed to determine the creditworthiness, of individuals or businesses applying for credit. Credit authorizers evaluate customers’ computerized credit records and payment histories to decide, based on predetermined standards, whether to approve new credit. Credit checkers call or write credit departments of business and service establishments to get information about applicants’ credit standing.

Loan interviewers, also called loan processors or loan clerks, interview applicants and others to get and verify personal and financial information needed to complete loan applications. They also prepare the documents that go to the appraiser and are issued at the closing of a loan.

New accounts clerks interview people who want to open accounts in financial institutions. They explain the account services available to prospective customers and help them fill out applications. They also investigate and correct errors in accounts.

Insurance claims and policy processing clerks process applications for insurance policies. They also handle customers’ requests to change or cancel their existing policies. Their duties include interviewing clients and reviewing insurance applications to ensure that all questions have been answered. They also notify insurance agents and accounting departments of policy cancellations or changes.

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How To Become A Billing Specialist

A high school diploma or equivalent is typically required for most financial clerk jobs. These workers usually learn their duties through on-the-job training.

Education

Financial clerks typically need a high school diploma or equivalent to enter the occupation. Employers of brokerage clerks may prefer candidates who have taken some college courses in business or economics and, in some cases, require a 2- or 4-year college degree.

Training

Most financial clerks learn how to do their job duties through on-the-job training. Some formal technical training also may be necessary; for example, gaming cage workers may need training in specific gaming regulations and procedures.

Advancement

Financial clerks can advance to related occupations in finance. For example, a loan interviewer or clerk can become a loan officer, and a brokerage clerk can become a securities, commodities, or financial services sales agent, after obtaining the required education and license.

Important Qualities

Communication skills. Financial clerks should have good communication skills so that they can explain policies and procedures to colleagues and customers.

Math skills. The job duties of financial clerks, including calculating charges and checking credit scores, require basic math skills.

Organizational skills. Strong organizational skills are important for financial clerks because they must be able to find files quickly and efficiently.

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Billing Specialist jobs

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Billing Specialist Career Paths

Billing Specialist
Office Administrator Human Resources Coordinator Specialist
Account Manager
5 Yearsyrs
Collector Collections Specialist Accounts Receivable Specialist
Accounts Receivable Manager
6 Yearsyrs
Operations Manager Assistant Director Office Manager
Billing Manager
7 Yearsyrs
Staff Accountant Finance Manager Sales Manager
Business Development Manager
9 Yearsyrs
Accounts Receivable Manager Office Manager Business Office Manager
Business Office Director
8 Yearsyrs
Operations Manager Account Executive Office Manager
Business Office Manager
8 Yearsyrs
Staff Accountant Controller General Manager
Chief Operating Officer
11 Yearsyrs
Home Health Aid Licensed Practical Nurse Staff Nurse
Clinical Manager
8 Yearsyrs
Collector Collection Supervisor
Collections Manager
5 Yearsyrs
Accountant Senior Accountant Controller
Finance Services Director
10 Yearsyrs
Accountant Finance Manager General Manager
Managing Director
11 Yearsyrs
Home Health Aid Patient Care Technician Medical Assistant
Office Manager
5 Yearsyrs
Accounts Receivable Specialist Accountant Controller
Operations Manager
7 Yearsyrs
Registered Nurse Staff Nurse
Patient Care Manager
9 Yearsyrs
Human Resources Assistant Service Representative Service Supervisor
Patient Services Manager
8 Yearsyrs
Office Administrator Accounts Payable Clerk Payroll Specialist
Payroll Manager
7 Yearsyrs
Legal Assistant Office Manager Practice Manager
Practice Administrator
10 Yearsyrs
Accounts Receivable Specialist Accounts Receivable Manager Office Manager
Practice Manager
9 Yearsyrs
Specialist Account Manager
Senior Account Manager
7 Yearsyrs
Specialist Project Manager Program Manager
Senior Manager
10 Yearsyrs
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Average Length of Employment
Billing Supervisor 4.0 years
Insurance Biller 3.2 years
Insurance Clerk 3.1 years
Charge Out Clerk 3.0 years
Billing Specialist 3.0 years
Follow Up Clerk 2.9 years
Bill Poster 2.9 years
Billing Analyst 2.8 years
Insurance Analyst 2.8 years
Billing Associate 2.6 years
Billing Coder 2.6 years
Revenue Specialist 2.6 years
Bill Collector 2.6 years
Specialist 2.5 years
Billing Consultant 2.4 years
Biller 2.3 years
Posting Clerk 2.3 years
Medical Collector 2.2 years
Billing Assistant 2.1 years
Top Employers Before
Cashier 5.5%
Internship 2.8%
Secretary 2.7%
Top Employers After
Cashier 3.4%
Specialist 2.8%
Manager 2.5%

Billing Specialist Demographics

Gender

Female

85.4%

Male

12.9%

Unknown

1.7%
Ethnicity

White

79.0%

Hispanic or Latino

12.6%

Asian

6.5%

Unknown

1.4%

Black or African American

0.5%
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Languages Spoken

Spanish

70.1%

French

4.7%

Portuguese

2.9%

Russian

2.5%

Carrier

2.4%

Hindi

1.9%

German

1.7%

Vietnamese

1.6%

Tagalog

1.6%

Italian

1.6%

Mandarin

1.3%

Chinese

1.3%

Arabic

1.2%

Cantonese

1.0%

Urdu

0.9%

Hmong

0.8%

Japanese

0.7%

Polish

0.7%

Gujarati

0.6%

Korean

0.5%
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Billing Specialist Education

Schools

University of Phoenix

30.0%

Strayer University

6.8%

Kaplan University

6.7%

Ultimate Medical Academy - Clearwater

5.6%

Ashford University

5.1%

Liberty University

5.0%

Southern New Hampshire University

4.5%

American InterContinental University

4.3%

Everest Institute

3.1%

Grand Canyon University

3.1%

Remington College

3.0%

Northern Virginia Community College

2.8%

Miami Dade College

2.7%

Houston Community College

2.7%

Colorado Technical University

2.7%

The Academy

2.6%

Baker College

2.5%

Walden University

2.4%

Bryant and Stratton College

2.2%

Troy University

2.2%
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Majors

Business

25.7%

Health Care Administration

22.5%

Accounting

10.8%

Medical Assisting Services

4.9%

Nursing

3.8%

Psychology

3.8%

Management

3.1%

General Studies

2.9%

Criminal Justice

2.9%

Insurance

2.7%

Computer Information Systems

2.3%

Liberal Arts

2.0%

Education

2.0%

Communication

1.7%

Finance

1.7%

Legal Support Services

1.6%

Human Resources Management

1.5%

Computer Science

1.5%

Medical Technician

1.3%

Marketing

1.3%
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Degrees

Other

34.6%

Bachelors

26.1%

Associate

18.3%

Certificate

9.2%

Masters

6.7%

Diploma

4.3%

License

0.5%

Doctorate

0.4%
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Job type you want
Full Time
Part Time
Internship
Temporary

Real Billing Specialist Salaries

Job Title Company Location Start Date Salary
Medical Billing Specialist Uptown Drug Co., Inc. DBA Uptown Drug and Gift Shop Los Angeles, CA Nov 19, 2014 $62,587
Budget and Billing Specialist Mikkon Corporation West Covina, CA Jul 15, 2015 $57,455
Billing Specialist General Vision Services LLC. New York, NY Sep 20, 2015 $55,556
Billing Specialist NYL-New York League for Early Learning New York, NY Jul 30, 2011 $54,846
Medical Billing Specialist Southern 788 Medical P.C. New York, NY Jan 26, 2016 $50,088
Billing Clerk Pacific Technology, Inc. D/B/A Pacific Technology Construction, Inc. Groveton, VA Mar 11, 2016 $48,589
Billing Clerk QED Mechanical & Construction Corp NY Nov 21, 2016 $47,154
Contracts Billing Specialist Concur Technologies, Inc. Redmond, WA Jun 17, 2010 $46,500 -
$51,500
Bilingual Billing Clerk Electro-MEC Products, Inc. Fort Lee, NJ Dec 14, 2015 $46,488
Billing Clerk Jefferson Electric Services Inc. NJ Sep 01, 2015 $45,510
Billing Clerk Aliso Electric Irvine, CA Nov 16, 2007 $43,827
Billing Clerk Pacific Technology, Inc. Annandale, VA Jun 10, 2015 $43,202
Billing Clerk SPR Construction Co Des Plaines, IL Mar 03, 2015 $41,267
Bookkeeping and Billing Clerk Zack's Fine Jewelry Houston, TX Oct 10, 2014 $41,122
Billing Clerk Brzozka Industries Inc. Holbrook, NY Dec 07, 2014 $39,480
Billing Clerk Bill Tile Inc. Copiague, NY Jul 02, 2015 $39,458
Billing Clerk Pd Quality Construction Inc. Lindenhurst, NY Nov 10, 2014 $39,458
Billing Clerk Autospace Corp. Copiague, NY Aug 21, 2015 $39,458
Billing Clerk EURO Tradex Inc. Bohemia, NY Feb 24, 2016 $39,437
Billing Clerk Appliance Service Inc. NY Oct 14, 2015 $39,437
Billing Clerk Brzozka Industries Inc. Holbrook, NY Sep 22, 2015 $39,437
Billing Clerk J & G Empire Contracting Inc. Lindenhurst, NY Oct 23, 2015 $39,437
Billing Specialist NSM Securities Inc. West Palm Beach, FL Apr 01, 2009 $35,479
Billing Clerk Ivanhoe Realty Corp C/O S. Baradarian Englewood Cliffs, NJ Jan 15, 2009 $35,270
Billing Clerk Hamilton Park Health Care Center, Ltd. Jersey City, NJ Jan 21, 2009 $35,270
Billing & Cost Clerk Kim's Provision Co. Inc. D/B/A Us Meat Co. New York, NY May 26, 2010 $35,270
Medical Biiller Metrowest Internal Medicine Orlando, FL Jun 26, 2008 $34,227
Billing Specialist Therapy 2000, Inc. Dallas, TX Nov 01, 2010 $34,174
Billing Coordinator KJ and Family Investment Corp Deerfield Beach, FL Sep 22, 2009 $33,538
Billing Clerk Ameriprime Home Health Providers, Inc. Riverside, CA Apr 25, 2008 $32,912

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Top Skills for A Billing Specialist

InsuranceCompaniesMedicalClaimsMedicaidCustomerServiceDataEntryPatientAccountsMedicalBillingCPTAccountsReceivablesFollow-UpMedicalRecordsInsuranceClaimsEOBInsuranceInformationPhoneCallsInsurancePaymentsInsuranceCarriersPatientInformationBillingIssuesPatientPayments

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Top Billing Specialist Skills

  1. Insurance Companies
  2. Medical Claims
  3. Medicaid
You can check out examples of real life uses of top skills on resumes here:
  • Responded to inquiries from insurance companies, patients and providers.
  • Work with patients who have attorneys dealing with Motor Vehicle Accidents, Medical Claims, Secondary claims, and Lien sheets
  • Coded pre-operative procedures Filed claims for Medicare, Medicaid and Commercial Insurance.
  • Received several customer service awards and bonuses.
  • Certified Home Health: Data entry of accountability sheets for field staff and run monthly billing verification reports.

Top Billing Specialist Employers

Billing Specialist Videos

Medical Coder, Career Video from drkit.org

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