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Senior accounts receivable specialist vs billing specialist

The differences between senior accounts receivable specialists and billing specialists can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a senior accounts receivable specialist, becoming a billing specialist takes usually requires 1-2 years. Additionally, a senior accounts receivable specialist has an average salary of $54,494, which is higher than the $35,624 average annual salary of a billing specialist.

The top three skills for a senior accounts receivable specialist include account reconciliations, customer accounts and reconciliations. The most important skills for a billing specialist are patients, customer service, and data entry.

Senior accounts receivable specialist vs billing specialist overview

Senior Accounts Receivable SpecialistBilling Specialist
Yearly salary$54,494$35,624
Hourly rate$26.20$17.13
Growth rate-8%-3%
Number of jobs24,81755,205
Job satisfaction--
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 31%
Average age4646
Years of experience122

What does a senior accounts receivable specialist do?

Senior accounts receivable specialists follow established accounts receivable and account payable policies, guidelines, control processes, and procedures. The specialists make sure that activities associated with the payables and receivables are accurate. They assist the partners of firms in terms of collecting and reporting accounts receivable balances that are already past due. It is their job to establish extensive contact with clients and partners. Also, they are responsible for tracking payments and perform banking deposits.

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.

Senior accounts receivable specialist vs billing specialist salary

Senior accounts receivable specialists and billing specialists have different pay scales, as shown below.

Senior Accounts Receivable SpecialistBilling Specialist
Average salary$54,494$35,624
Salary rangeBetween $38,000 And $78,000Between $27,000 And $45,000
Highest paying CityWashington, DCWashington, DC
Highest paying stateConnecticutDelaware
Best paying companyAmkor Technology is a strategically located company with a diversified working environment. Employees mention free lunches, transportation, and lodging, and the management is good at recognizing key talents.TIBCO Software
Best paying industryTechnologyManufacturing

Differences between senior accounts receivable specialist and billing specialist education

There are a few differences between a senior accounts receivable specialist and a billing specialist in terms of educational background:

Senior Accounts Receivable SpecialistBilling Specialist
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 31%
Most common majorBusinessBusiness
Most common college-University of Pennsylvania

Senior accounts receivable specialist vs billing specialist demographics

Here are the differences between senior accounts receivable specialists' and billing specialists' demographics:

Senior Accounts Receivable SpecialistBilling Specialist
Average age4646
Gender ratioMale, 18.3% Female, 81.7%Male, 12.7% Female, 87.3%
Race ratioBlack or African American, 14.1% Unknown, 4.1% Hispanic or Latino, 19.0% Asian, 3.8% White, 58.5% American Indian and Alaska Native, 0.5%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 Percentage8%7%

Differences between senior accounts receivable specialist and billing specialist duties and responsibilities

Senior accounts receivable specialist example responsibilities.

  • Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
  • Enter credit/debit memo, set up and process franchisees ACH.
  • Create and set up new financial institute bank accounts for ACH services.
  • Review submission of all charges and payments to include proper medical data and the appropriate CPT and ICD-9 codes.
  • Collect money owe to Texas Medicaid by medical providers.
  • Correspond with various commercial and federal insurance companies including Medicare and Medicaid.
  • 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

Senior accounts receivable specialist vs billing specialist skills

Common senior accounts receivable specialist skills
  • Account Reconciliations, 6%
  • Customer Accounts, 6%
  • Reconciliations, 5%
  • Customer Service, 4%
  • Patient Accounts, 4%
  • Credit Card Payments, 4%
Common billing specialist skills
  • Patients, 16%
  • Customer Service, 10%
  • Data Entry, 9%
  • Medical Billing, 7%
  • Medicaid, 6%
  • CPT, 3%

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