Will “Rate Setter” be Replaced By Robots? 🤔
Unknown Chance of Automation
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Job Description
Compile data, compute fees and charges, and prepare invoices for billing purposes. Duties include computing costs and calculating rates for goods, services, and shipment of goods; posting data; and keeping other relevant records. May involve use of computer or typewriter, calculator, and adding and bookkeeping machines.
Job Details
- The SOC (Standard Occupational Classification) code is 43-3021.02
☝️ Information based on the reference occupation “Billing, Cost, and Rate Clerks”.
Also Known As…
- Billing, Cost, and Rate Clerks
- Office Manager
- Billing Specialist
- Billing Coordinator
- Billing Clerk
- Biller
- Administrative Assistant
- Accounts Receivable Clerk
- Accounts Payable Clerk
- Accounting Clerk
- Accounting Assistant
- Yard Demurrage Clerk
- Wharfinger
- Voucher Clerk
- Traffic Rate Computer
- Traffic Rate Clerk
- Tonnage Compilation Clerk
- Toll Ticket Clerk
- Toll Settlement Clerk
- Telegraph Service Rater
- Tax Clerk
- Spot Billing Clerk
- Settlement Clerk
- Services Clerk
- Securities Clerk
- Sample Clerk
- Revising Clerk
- Reconciliation Clerk
- Receipt and Report Clerk
- Rating Examiner
- Rating Clerk
- Rater
- Rate Reviewer
- Rate Marker
- Rate Examiner
- Rate Clerk
- Principal Account Clerk
- Pricing Clerk
- Pricer
- Price Lister
- Posting Clerk
- Policy Value Calculator
- Personal Property Assessor
- Patient Service Representative
- Patient Financial Representative
- Patient Account Representative
- Message and Delivery Service Pricer
- Medical Voucher Clerk
- Medical Reimbursement Specialist
- Medical Insurance Coder
- Medical Insurance Biller
- Medical Coding Specialist
- Medical Coder
- Medical Billing Specialist
- Medical Billing Coder
- Medical Billing Clerk
- Medical Billing and Coding Specialist
- Medical Biller
- Laundry Pricing Clerk
- Invoice Control Clerk
- Invoice Clerk
- Invoice Checker
- Interline Clerk
- Insurance Specialist
- Insurance Rater
- Insurance Coder
- Freight Rate Specialist
- Freight Rate Clerk
- Freight Rate Analyst
- Foreign Clerk
- Fee Clerk
- Evaluator
- Estimate Clerk
- Documentation Billing Clerk
- Deposit Refund Clerk
- Deposit Clerk
- Demurrage Worker
- Demurrage Clerk
- Demurrage Agent
- Cost Recorder
- Contract Administrator
- COD Clerk (Cash On Delivery Clerk)
- Certified Coding Specialist
- Billing Typist
- Billing Supervisor
- Billing Representative
- Billing Manager
- Billing Control Clerk
- Billing Assistant
- Billing and Accounting Staff Assistant
- Billing Analyst
- Bill of Materials Clerk (BOM Clerk)
- Bill of Lading Clerk
- Bill Clerk
- Bill Checker
- Accounts Manager
Tasks for “Rate Setter”
- Review documents such as purchase orders, sales tickets, charge slips, or hospital records to compute fees or charges due.
- Operate typing, adding, calculating, or billing machines.
- Consult sources such as rate books, manuals, or insurance company representatives to determine specific charges or information such as rules, regulations, or government tax and tariff information.
- Answer mail or telephone inquiries regarding rates, routing, or procedures.
- Compile reports of cost factors, such as labor, production, storage, or equipment.
- Track accumulated hours and dollar amounts charged to each client job to calculate client fees for professional services, such as legal or accounting services.
- Review compiled data on operating costs and revenues to set rates.
- Prepare itemized statements, bills, or invoices and record amounts due for items purchased or services rendered.
- Resolve discrepancies in accounting records.
- Update manuals when rates, rules, or regulations are amended.
- Contact customers to obtain or relay account information.
- Estimate market value of products or services.
- Type billing documents, shipping labels, credit memorandums, or credit forms, using typewriters or computers.
- Keep records of invoices and support documents.
- Verify accuracy of billing data and revise any errors.
- Perform bookkeeping work, including posting data or keeping other records concerning costs of goods or services or the shipment of goods.
- Compute credit terms, discounts, shipment charges, or rates for goods or services to complete billing documents.
Related Technology & Tools
- Laser facsimile machines
- Desktop computers
- Bookkeeping machines
- Photocopiers
- 10-key calculators
- Handheld calculators
- Scanners
- Billing machines
- SAP
- Healthcare common procedure coding system HCPCS
- Epic Systems
- GE Healthcare Centricity EMR
- Sage 50 Accounting
- Microsoft Access
- Oracle E-Business Suite Financials
- Microsoft PowerPoint
- Customer relationship management CRM software
- QuoteWerks
- Intuit QuickBooks
- Database software
- Medical condition coding software
- Word processing software
- Microsoft Excel
- File management systems
- Sage Medical Manager
- Medical procedure coding software
- Microsoft Office
- Microsoft Word
- Automated billing software
- Accounting software
- MEDITECH software
- Spreadsheet software
- Seasoft
- Oracle PeopleSoft Financials
- Prime Clinical
- Microsoft Dynamics
- Microsoft Dynamics GP
- eMDs Medisoft
- Practice management software PMS
- Medical billing software
- Web browser software
- Allscripts Professional PM
- Thomson Reuters Elite Enterprise
- Desktop publishing software