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Billing specialist vs billing analyst

The differences between billing specialists 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 specialist and a billing analyst. Additionally, a billing analyst has an average salary of $51,544, which is higher than the $35,624 average annual salary of a billing specialist.

The top three skills for a billing specialist include patients, customer service and data entry. The most important skills for a billing analyst are customer service, patients, and billing issues.

Billing specialist vs billing analyst overview

Billing SpecialistBilling Analyst
Yearly salary$35,624$51,544
Hourly rate$17.13$24.78
Growth rate-3%-3%
Number of jobs55,20530,566
Job satisfaction--
Most common degreeBachelor's Degree, 31%Bachelor's Degree, 59%
Average age4646
Years of experience22

What does a billing specialist do?

Billing specialists are accounting or finance employees who are responsible for sending out billing invoices to clients. They calculate charges that their clients have incurred. They then write bills, ensure that all details are correct, and send these out to clients. They also manage payment due dates and ensure that clients are duly reminded of such deadlines. Billing specialists also manage client accounts and ensure that they are paying on time. They help identify clients who have outstanding payables and send out collection notices to them. At times, billing specialists also manage the receipt of payments to manage account records better.

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 specialist vs billing analyst salary

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

Billing SpecialistBilling Analyst
Average salary$35,624$51,544
Salary rangeBetween $27,000 And $45,000Between $35,000 And $73,000
Highest paying CityWashington, DCWashington, DC
Highest paying stateDelawareAlaska
Best paying companyTIBCO SoftwareMeta
Best paying industryManufacturingFinance

Differences between billing specialist and billing analyst education

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

Billing SpecialistBilling Analyst
Most common degreeBachelor's Degree, 31%Bachelor's Degree, 59%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Billing specialist vs billing analyst demographics

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

Billing SpecialistBilling Analyst
Average age4646
Gender ratioMale, 12.7% Female, 87.3%Male, 29.7% Female, 70.3%
Race ratioBlack or African American, 10.9% Unknown, 4.4% Hispanic or Latino, 19.2% Asian, 7.4% White, 57.3% 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 specialist and billing analyst duties and responsibilities

Billing specialist example responsibilities.

  • Use of QuickBooks to manage vendors' accounts, set up filing system to maintain files and supporting billing documents.
  • Manage the daily correspondence with keeping doctor/patient confidentiality under consideration along with HIPPA regulations.
  • Use independent judgment, manage and impart confidential information appropriately per HIPAA regulations and company requirements.
  • Accept and process healthcare claims and confidential medical records; verify patient eligibility and manage the Medicare and Medicaid billing process.
  • Provide additional information/clarification for insurance claims using knowledge of CPT, ICD-9, and HCPCS codes, as well as modifiers.
  • Assist staff with proper billing for patients, ensure proper coding using ICD-10, ICD-9 and CPT-4 coding.
  • 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 specialist vs billing analyst skills

Common billing specialist skills
  • Patients, 16%
  • Customer Service, 10%
  • Data Entry, 9%
  • Medical Billing, 7%
  • Medicaid, 6%
  • CPT, 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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