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The differences between revenue specialists and billing representatives can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a revenue specialist and a billing representative. Additionally, a revenue specialist has an average salary of $44,779, which is higher than the $35,002 average annual salary of a billing representative.
The top three skills for a revenue specialist include patients, revenue cycle and CPT. The most important skills for a billing representative are patients, customer service, and data entry.
| Revenue Specialist | Billing Representative | |
| Yearly salary | $44,779 | $35,002 |
| Hourly rate | $21.53 | $16.83 |
| Growth rate | -7% | -3% |
| Number of jobs | 28,763 | 95,425 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 30% |
| Average age | 48 | 46 |
| Years of experience | 2 | 2 |
A revenue specialist is in charge of overseeing and processing payments for their company, ensuring accuracy and timeliness. Their responsibilities revolve around reviewing invoices and insurance claims, monitoring tax deductions and expenses, liaising with external parties, collecting payments, producing progress and revenue reports, and maintaining records of all transactions. Furthermore, as a revenue specialist, it is essential to devise strategies for managing revenues, all while upholding the company's policies and regulations, including its vision and mission.
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.
Revenue specialists and billing representatives have different pay scales, as shown below.
| Revenue Specialist | Billing Representative | |
| Average salary | $44,779 | $35,002 |
| Salary range | Between $28,000 And $71,000 | Between $28,000 And $42,000 |
| Highest paying City | Camden, NJ | Worcester, MA |
| Highest paying state | New Jersey | Massachusetts |
| Best paying company | McKinsey & Company Inc | Relevante |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a revenue specialist and a billing representative in terms of educational background:
| Revenue Specialist | Billing Representative | |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 30% |
| Most common major | Business | Business |
| Most common college | University of Southern California | Stanford University |
Here are the differences between revenue specialists' and billing representatives' demographics:
| Revenue Specialist | Billing Representative | |
| Average age | 48 | 46 |
| Gender ratio | Male, 24.3% Female, 75.7% | Male, 15.7% Female, 84.3% |
| Race ratio | Black or African American, 12.9% Unknown, 3.2% Hispanic or Latino, 16.2% Asian, 9.9% White, 57.5% American Indian and Alaska Native, 0.2% | 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 Percentage | 8% | 7% |