What is a Rater?

Billing representatives work in various industries, apart from the seemingly obvious banking, insurance, and finance fields. They are employed in other areas as well, such as retail, manufacturing, or healthcare, and are responsible for keeping an eye on credit-based transactions.

Billing representatives hold onto payment records, follow up on installment plans, and watch out for due dates. They remind customers about overdue payments and resolve their doubts and issues related to payments and transactions. They are the ones who communicate with debtors and charge fees upon missing or late payments, and they submit forms to the authorities. They know their way around contracts and regulations and make sure payment terms and practices are in accordance with these.

Although it might sound fairly complicated at first glance, a billing representative position is an entry-level one and is considered a stepping stone toward working in accounting or other higher-level finance positions. An aptitude for data management and math will, of course, go a long way.

The billing and Insurance Coordinator categorizes mail for distribution to appropriate personnel. You are to perform administrative and clerical roles when necessary, such as managing invoices and responding to employees' inquiries. Primarily, you are to synchronize with the employees from the different departments for billing and insurance purposes. Whenever new insurance is indicated, you are to enter and verify new insurance information by putting in ICD-9 codes.

You are also in charge of supervising and instructing support staff in accurate ICD-9 or CPT for the oncology department. Confidentiality is the core value of a billing and insurance coordinator; therefore, you are to maintain patient confidentiality and abide by HIPAA regulations. Furthermore, you are to adhere to and understand all HIPAA rules and regulations considering patient confidentiality and record-keeping. You are to send out a weekly report to the facility administrator for check and balance.

The ability to perform basic addition and subtraction, excellent communication skills, good organizational skills, and attention to detail are skills of a billing and insurance coordinator. An average of $36,000 is what a billing and insurance coordinator earns annually. The educational criteria for this position is a bachelor's degree in Business, Insurance, or other related fields.

Have you ever received a faulty or wrong utility or grocery bill? And guess whose mistake could it be? It's the billing analyst. But don't worry, they will solve the bill issues and provide you with the right bill. Billing analysts play a vital role and perform various important functions in the accounting department.

Billing analysts monitor the company's profit intake, issue accurate invoices for clients, and correspond with customers. They have to check the balance sheets' efficiency and update new account statements on the database. Along with managing billing discrepancies, they are also involved in creating financial reports and statements.

Bachelor's or associate's degree in business or accounting is the educational requirement for this job. However, a master's degree holder has an advantage over other applicants. On successfully getting this job, you are rewarded with a salary of $25 per hour. They may get hired by several government industries, local companies, or retail offices.