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Account adjuster vs collections specialist

The differences between account adjusters and collections specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both an account adjuster and a collections specialist. Additionally, an account adjuster has an average salary of $40,969, which is higher than the $35,164 average annual salary of a collections specialist.

The top three skills for an account adjuster include customer service, patient accounts and delinquent accounts. The most important skills for a collections specialist are customer service, patients, and customer accounts.

Account adjuster vs collections specialist overview

Account AdjusterCollections Specialist
Yearly salary$40,969$35,164
Hourly rate$19.70$16.91
Growth rate-8%-8%
Number of jobs61,76640,277
Job satisfaction--
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 34%
Average age4646
Years of experience1212

Account adjuster vs collections specialist salary

Account adjusters and collections specialists have different pay scales, as shown below.

Account AdjusterCollections Specialist
Average salary$40,969$35,164
Salary rangeBetween $24,000 And $68,000Between $27,000 And $45,000
Highest paying City-Boston, MA
Highest paying state-Connecticut
Best paying company-Kent Daniels & Associates
Best paying industry-Finance

Differences between account adjuster and collections specialist education

There are a few differences between an account adjuster and a collections specialist in terms of educational background:

Account AdjusterCollections Specialist
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 34%
Most common majorBusinessBusiness
Most common college--

Account adjuster vs collections specialist demographics

Here are the differences between account adjusters' and collections specialists' demographics:

Account AdjusterCollections Specialist
Average age4646
Gender ratioMale, 38.9% Female, 61.1%Male, 30.5% Female, 69.5%
Race ratioBlack or African American, 11.8% Unknown, 4.1% Hispanic or Latino, 19.3% Asian, 4.1% White, 60.2% American Indian and Alaska Native, 0.5%Black or African American, 12.2% Unknown, 4.1% Hispanic or Latino, 18.5% Asian, 3.7% White, 61.0% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between account adjuster and collections specialist duties and responsibilities

Account adjuster example responsibilities.

  • Manage and maintain an internal database system to generate reports and produce accurate account information for patients and insurance companies.
  • Provide assistance regards to trouble shooting, account status, miss invoice and account reconciliation.
  • Resolve all invoice and sales order processing issues that relate in amounts due to/from all customers.
  • Determine presumptive Medicare and/or Medicaid eligibility.
  • Used ACCURINT software to maintain and update files.
  • Search Lexus/Nexus Accurint database to locate customer.
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Collections specialist example responsibilities.

  • Manage university A/R processes and enforce tuition payment policy.
  • Manage accounts for healthcare clients, review detailed patient information for payment resolution while abiding HIPPA privacy and security regulations.
  • Review denied Medicare and Maine Medicaid insurance claims for accuracy.
  • Analyze hospital insurance claims of individual patients for errors and contact major insurance carriers for claims dispute resolution.
  • Analyze accounts for patients ineligible for private insurance, Medicare or Medicaid and indicating inability to pay balance.
  • Possess effective persuasion and negotiation skills, excellent interpersonal and communications skills with the ability to deliver quality customer service.
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Account adjuster vs collections specialist skills

Common account adjuster skills
  • Customer Service, 16%
  • Patient Accounts, 13%
  • Delinquent Accounts, 9%
  • Payment Arrangements, 8%
  • Inbound Calls, 6%
  • Credit Reports, 6%
Common collections specialist skills
  • Customer Service, 23%
  • Patients, 8%
  • Customer Accounts, 6%
  • Payment Arrangements, 5%
  • Delinquent Accounts, 4%
  • Phone Calls, 4%

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