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The differences between medical collections specialists and billing assistants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a medical collections specialist, becoming a billing assistant takes usually requires 1-2 years. Additionally, a medical collections specialist has an average salary of $36,249, which is higher than the $33,745 average annual salary of a billing assistant.
The top three skills for a medical collections specialist include patients, healthcare and medical collections. The most important skills for a billing assistant are patients, data entry, and medicaid.
| Medical Collections Specialist | Billing Assistant | |
| Yearly salary | $36,249 | $33,745 |
| Hourly rate | $17.43 | $16.22 |
| Growth rate | -8% | -3% |
| Number of jobs | 83,342 | 34,070 |
| Job satisfaction | - | - |
| Most common degree | Associate Degree, 28% | Bachelor's Degree, 40% |
| Average age | 46 | 46 |
| Years of experience | 12 | 2 |
Medical collections specialists are responsible for the collection of insurance claims. The responsibilities of this position include locating debtors, contacting debtors to address the overdue payments, keeping records of debts, collecting updated information on client accounts and payments, processing payments, and reviewing records to ensure they are accurate. They also conduct follow ups for insurance reimbursement, repossess claims, draft appeals, and resolve unpaid claims.
A billing assistant is primarily in charge of performing support tasks to maintain smooth billing operations in an establishment. Their responsibilities typically include preparing and processing invoices for clients, sending billing adjustments, printing and reviewing invoices and billings, receiving payments, and monitoring delinquent invoices, sending reminders as necessary. They may also close and balance payments, calculate discounts, and maintain records of all transactions. Moreover, a billing assistant must be alert and proactive for any errors and inconsistencies, dealing with them accordingly.
Medical collections specialists and billing assistants have different pay scales, as shown below.
| Medical Collections Specialist | Billing Assistant | |
| Average salary | $36,249 | $33,745 |
| Salary range | Between $30,000 And $43,000 | Between $27,000 And $41,000 |
| Highest paying City | Tracy, CA | Baltimore, MD |
| Highest paying state | Connecticut | Washington |
| Best paying company | Pacific Medical | University of California, Berkeley |
| Best paying industry | Professional | Technology |
There are a few differences between a medical collections specialist and a billing assistant in terms of educational background:
| Medical Collections Specialist | Billing Assistant | |
| Most common degree | Associate Degree, 28% | Bachelor's Degree, 40% |
| Most common major | Health Care Administration | Business |
| Most common college | - | Stanford University |
Here are the differences between medical collections specialists' and billing assistants' demographics:
| Medical Collections Specialist | Billing Assistant | |
| Average age | 46 | 46 |
| Gender ratio | Male, 19.5% Female, 80.5% | Male, 14.2% Female, 85.8% |
| Race ratio | Black or African American, 12.8% Unknown, 4.1% Hispanic or Latino, 20.8% Asian, 3.7% White, 58.1% American Indian and Alaska Native, 0.5% | Black or African American, 10.2% Unknown, 4.3% Hispanic or Latino, 22.0% Asian, 6.8% White, 55.9% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 8% | 7% |