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Rater vs billing specialist

The differences between raters and billing specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a rater and a billing specialist. Additionally, a rater has an average salary of $39,219, which is higher than the $35,624 average annual salary of a billing specialist.

The top three skills for a rater include data entry, ESL and insurance policies. The most important skills for a billing specialist are patients, customer service, and data entry.

Rater vs billing specialist overview

RaterBilling Specialist
Yearly salary$39,219$35,624
Hourly rate$18.86$17.13
Growth rate-3%-3%
Number of jobs16155,205
Job satisfaction--
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 31%
Average age4646
Years of experience22

What does a rater do?

The duties of a rater depend on one's line of work or industry of employment. Typically, it is their responsibility to rate products, services, or systems according to criteria or a set of standards, ensuring quality and compliance to regulations. There are also instances when a rater must maintain records of all transactions, assess documents, and report to managers or supervisors should there be any issues or concerns. Furthermore, a rater must also have an understanding of the task's objectives, including the company's policies and regulations.

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.

Rater vs billing specialist salary

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

RaterBilling Specialist
Average salary$39,219$35,624
Salary rangeBetween $24,000 And $63,000Between $27,000 And $45,000
Highest paying CityBoston, MAWashington, DC
Highest paying stateAlaskaDelaware
Best paying companyPharmaceutical Product DevelopmentTIBCO Software
Best paying industry-Manufacturing

Differences between rater and billing specialist education

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

RaterBilling Specialist
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 31%
Most common majorBusinessBusiness
Most common collegeStanford UniversityUniversity of Pennsylvania

Rater vs billing specialist demographics

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

RaterBilling Specialist
Average age4646
Gender ratioMale, 27.6% Female, 72.4%Male, 12.7% Female, 87.3%
Race ratioBlack or African American, 11.1% Unknown, 4.4% Hispanic or Latino, 15.3% Asian, 7.8% White, 60.4% American Indian and Alaska Native, 0.9%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%
LGBT Percentage7%7%

Differences between rater and billing specialist duties and responsibilities

Rater example responsibilities.

  • Create and manage a file documentation checklist for all UW's and UT's.
  • Assess and score the written portion of the TOEFL Jr. exam
  • Train and process some DMV tasks to help out the team with the back log.
  • Review TOEFL speaking samples and assign the appropriate scores.
  • Research and gather information for underwriter (s) and CST.
  • Score students' essays and help place them in the appropriate ESL course.
  • Show more

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

Rater vs billing specialist skills

Common rater skills
  • Data Entry, 26%
  • ESL, 14%
  • Insurance Policies, 10%
  • Informed Consent, 7%
  • Clinical Trials, 5%
  • Auto Policies, 4%
Common billing specialist skills
  • Patients, 16%
  • Customer Service, 10%
  • Data Entry, 9%
  • Medical Billing, 7%
  • Medicaid, 6%
  • CPT, 3%

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