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Collections/accounts receivable vs billing representative

The differences between collections/accounts receivables and billing representatives can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a collections/accounts receivable, becoming a billing representative takes usually requires 1-2 years. Additionally, a collections/accounts receivable has an average salary of $38,949, which is higher than the $35,002 average annual salary of a billing representative.

The top three skills for a collections/accounts receivable include customer service, patients and delinquent accounts. The most important skills for a billing representative are patients, customer service, and data entry.

Collections/accounts receivable vs billing representative overview

Collections/Accounts ReceivableBilling Representative
Yearly salary$38,949$35,002
Hourly rate$18.73$16.83
Growth rate-8%-3%
Number of jobs30,52395,425
Job satisfaction--
Most common degreeBachelor's Degree, 40%Bachelor's Degree, 30%
Average age4646
Years of experience122

What does a collections/accounts receivable do?

An officer for collections/accounts receivable is in charge of a company's financial activities, ensuring that they receive payment from clients. They primarily focus on overseeing all billing and invoices, processing and verifying all receipts and rendered services, maintaining an accurate record of all transactions, producing reports and presentations, reviewing account and payment histories, and ensuring the accuracy of all processes involving the matter. Furthermore, should there be any complex issues, it is essential to reach out to a manager or a supervisor right away.

What does a billing representative do?

A billing representative assists with the overall operations of the organization's billing department. Billing representatives post payments timely on the database, update account statements, generate financial reports, release invoices, and resolve account discrepancies. They also perform client accounts reconciliation as needed, monitor account receivables, review overdated balance, and notify clients of payment updates to ensure accurate and timely billing. A billing representative must have strong analytical and communication skills to manage clients' accounts, as well as comprehensive knowledge on the accounting industry to explain the payment terms and policies of an organization to a client.

Collections/accounts receivable vs billing representative salary

Collections/accounts receivables and billing representatives have different pay scales, as shown below.

Collections/Accounts ReceivableBilling Representative
Average salary$38,949$35,002
Salary rangeBetween $30,000 And $49,000Between $28,000 And $42,000
Highest paying CityBoston, MAWorcester, MA
Highest paying stateConnecticutMassachusetts
Best paying companyApollo Global ManagementRelevante
Best paying industryFinanceTechnology

Differences between collections/accounts receivable and billing representative education

There are a few differences between a collections/accounts receivable and a billing representative in terms of educational background:

Collections/Accounts ReceivableBilling Representative
Most common degreeBachelor's Degree, 40%Bachelor's Degree, 30%
Most common majorBusinessBusiness
Most common college-Stanford University

Collections/accounts receivable vs billing representative demographics

Here are the differences between collections/accounts receivables' and billing representatives' demographics:

Collections/Accounts ReceivableBilling Representative
Average age4646
Gender ratioMale, 25.3% Female, 74.7%Male, 15.7% Female, 84.3%
Race ratioBlack or African American, 12.0% Unknown, 4.1% Hispanic or Latino, 20.1% Asian, 3.8% White, 59.4% American Indian and Alaska Native, 0.5%Black or African American, 10.4% Unknown, 4.3% Hispanic or Latino, 19.9% Asian, 7.3% White, 57.2% American Indian and Alaska Native, 0.9%
LGBT Percentage8%7%

Differences between collections/accounts receivable and billing representative duties and responsibilities

Collections/accounts receivable example responsibilities.

  • Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
  • Work accounts receivable for Medicaid verification and payments.
  • Work remittance advice from Medicaid ensuring accuracy of payments.
  • Research and obtain extensive knowledge of FDCPA debt recovery laws and assist in recovering commercial debt from organizations.
  • Communicate effectively with patients, physicians, hospital staff, and insurance representatives to ensure accuracy in claims processing.
  • Review claims to determine if process correctly and if necessary, direct patients to contact insurance companies regarding additional benefit questions.
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Billing representative example responsibilities.

  • Manage software programs for MSP accounts, monthly billing and EMC file transfers to Medicare.
  • Accept and process healthcare claims and confidential medical records; verify patient eligibility and manage the Medicare and Medicaid billing process.
  • Process orders in compliance with Medicare, Medicaid and private insurance verification guidelines; confirming customer's eligibility and insurance coverage.
  • Verify insurance eligibility for schedule appointments, and verify cash pricing for private pay patients who request cost by CPT code.
  • Submit and receive Medicare and Medicaid claims electronically on a daily basis.
  • Utilize extensive computer skills and coding knowledge to produce and submit physical therapy and occupational therapy claims through medicaid and medicare.
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Collections/accounts receivable vs billing representative skills

Common collections/accounts receivable skills
  • Customer Service, 21%
  • Patients, 6%
  • Delinquent Accounts, 5%
  • Credit Card Payments, 5%
  • Past Due Accounts, 5%
  • Customer Accounts, 5%
Common billing representative skills
  • Patients, 18%
  • Customer Service, 13%
  • Data Entry, 6%
  • Medical Billing, 5%
  • Medicaid, 5%
  • Patient Accounts, 4%

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