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The differences between billing specialists and insurance verification specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a billing specialist has an average salary of $35,624, which is higher than the $33,043 average annual salary of an insurance verification specialist.
The top three skills for a billing specialist include patients, customer service and data entry. The most important skills for an insurance verification specialist are patients, insurance verification, and customer service.
| Billing Specialist | Insurance Verification Specialist | |
| Yearly salary | $35,624 | $33,043 |
| Hourly rate | $17.13 | $15.89 |
| Growth rate | -3% | 6% |
| Number of jobs | 55,205 | 71,688 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 31% | Associate Degree, 27% |
| Average age | 46 | 46 |
| Years of experience | 2 | - |
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.
An insurance verification specialist is responsible for confirming a patient's insurance details and eligibility to receive medical care services. Insurance verification specialists review the insurance documents of the patients, including its coverage and limitations, and escalate concerns to the supervisor for immediate resolution. They process paperwork accordingly upon coordinating with the patients and attending health professionals. An insurance verification specialist must have excellent communication and organizational skills, finishing administrative tasks efficiently under minimal supervision.
Billing specialists and insurance verification specialists have different pay scales, as shown below.
| Billing Specialist | Insurance Verification Specialist | |
| Average salary | $35,624 | $33,043 |
| Salary range | Between $27,000 And $45,000 | Between $28,000 And $37,000 |
| Highest paying City | Washington, DC | Madison, WI |
| Highest paying state | Delaware | New Hampshire |
| Best paying company | TIBCO Software | St. Luke's Cataract & Laser Institute |
| Best paying industry | Manufacturing | Pharmaceutical |
There are a few differences between a billing specialist and an insurance verification specialist in terms of educational background:
| Billing Specialist | Insurance Verification Specialist | |
| Most common degree | Bachelor's Degree, 31% | Associate Degree, 27% |
| Most common major | Business | Health Care Administration |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between billing specialists' and insurance verification specialists' demographics:
| Billing Specialist | Insurance Verification Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 12.7% Female, 87.3% | Male, 11.4% Female, 88.6% |
| Race ratio | Black 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, 9.3% Unknown, 3.6% Hispanic or Latino, 16.0% Asian, 4.9% White, 66.1% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |