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Revenue audit clerk vs payment processor

The differences between revenue audit clerks and payment processors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a revenue audit clerk and a payment processor. Additionally, a payment processor has an average salary of $34,030, which is higher than the $31,718 average annual salary of a revenue audit clerk.

The top three skills for a revenue audit clerk include journal entries, table games and internal controls. The most important skills for a payment processor are customer service, patients, and data entry.

Revenue audit clerk vs payment processor overview

Revenue Audit ClerkPayment Processor
Yearly salary$31,718$34,030
Hourly rate$15.25$16.36
Growth rate-5%-5%
Number of jobs77,03133,161
Job satisfaction--
Most common degreeAssociate Degree, 40%Bachelor's Degree, 35%
Average age5151
Years of experience66

Revenue audit clerk vs payment processor salary

Revenue audit clerks and payment processors have different pay scales, as shown below.

Revenue Audit ClerkPayment Processor
Average salary$31,718$34,030
Salary rangeBetween $26,000 And $37,000Between $27,000 And $42,000
Highest paying City-San Jose, CA
Highest paying state-Alaska
Best paying company-University of California, Berkeley
Best paying industry-Insurance

Differences between revenue audit clerk and payment processor education

There are a few differences between a revenue audit clerk and a payment processor in terms of educational background:

Revenue Audit ClerkPayment Processor
Most common degreeAssociate Degree, 40%Bachelor's Degree, 35%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Revenue audit clerk vs payment processor demographics

Here are the differences between revenue audit clerks' and payment processors' demographics:

Revenue Audit ClerkPayment Processor
Average age5151
Gender ratioMale, 21.2% Female, 78.8%Male, 21.5% Female, 78.5%
Race ratioBlack or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.3% Asian, 6.5% White, 67.9% American Indian and Alaska Native, 0.6%Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.4% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between revenue audit clerk and payment processor duties and responsibilities

Revenue audit clerk example responsibilities.

  • Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
  • Used AutoCAD when working with the drawings submit by the engineers for approval.
  • Audit, prepare and input all manual payroll checks, void checks, and other pay adjustments.
  • Audit and review payroll voucher and registers to determine their accuracy, completeness and conformance with all rules and regulations.
  • Maintain cleanliness of the company warehouse, operate warehouse machinery and organize the warehouse to ensure proper product placement.
  • Perform data entry using PeopleSoft software.

Payment processor example responsibilities.

  • Manage and review all incoming discounts and electronic contractual adjustments for accuracy per the negotiated Medicaid and Medicare contracts ;.
  • Maintain daily transactions for customer payments and various bank accounts using Quickbooks to track transactions.
  • Prepare and print all reports for EDI processing.
  • Maintain client customer confidentiality and HIPAA regulations with all data handling and transfers.
  • Uphold and reinforce compliance with hospital policies and federal regulations such as HIPAA.
  • Investigate and take corrective action regarding invoices reject by system or through EDI.
  • Show more

Revenue audit clerk vs payment processor skills

Common revenue audit clerk skills
  • Journal Entries, 18%
  • Table Games, 11%
  • Internal Controls, 10%
  • Book Revenue, 9%
  • Front Desk, 8%
  • Data Entry, 8%
Common payment processor skills
  • Customer Service, 15%
  • Patients, 10%
  • Data Entry, 10%
  • ACH, 8%
  • Phone Calls, 5%
  • Credit Card Payments, 4%

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