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Account resolution specialist vs bill collector

The differences between account resolution specialists and bill collectors 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 resolution specialist and a bill collector. Additionally, an account resolution specialist has an average salary of $35,602, which is higher than the $35,585 average annual salary of a bill collector.

The top three skills for an account resolution specialist include account resolution, outbound calls and inbound calls. The most important skills for a bill collector are patients, customer service, and medicaid.

Account resolution specialist vs bill collector overview

Account Resolution SpecialistBill Collector
Yearly salary$35,602$35,585
Hourly rate$17.12$17.11
Growth rate-8%-8%
Number of jobs87,71323,746
Job satisfaction--
Most common degreeBachelor's Degree, 39%High School Diploma, 27%
Average age4646
Years of experience1212

What does an account resolution specialist do?

An account resolutions specialist works at a company's accounting department, where they are in charge of overseeing account receivables to ensure client compliance. Their responsibilities usually include conducting research and analysis, assessing client accounts and credit histories, coordinating with managers and collection agents, and monitoring delinquent accounts. They may also directly communicate with clients to follow-up on invoices, process payments, or even arrange new payment plans while adhering to the company's policies and regulations. Moreover, they must maintain records of all transactions and present regular reports to managers.

What does a bill collector do?

A bill collector is responsible for reaching out to the customers to collect overdue payments, negotiate repayment plans, and update account information upon settling of payments. Bill collectors monitor the contact details of the customer, utilizing locator tools and software as required by the organization, and review contract terms to decide on credit advice or escalate the issue to a higher tier. A bill collector must have excellent communication and customer service skills, especially in explaining the customer's case and perform debt collection duties efficiently.

Account resolution specialist vs bill collector salary

Account resolution specialists and bill collectors have different pay scales, as shown below.

Account Resolution SpecialistBill Collector
Average salary$35,602$35,585
Salary rangeBetween $29,000 And $43,000Between $30,000 And $40,000
Highest paying CityHartford, CTPittsfield, MA
Highest paying stateConnecticutVirginia
Best paying companyAmerican ExpressRetina Group Of Washington
Best paying industryFinanceFinance

Differences between account resolution specialist and bill collector education

There are a few differences between an account resolution specialist and a bill collector in terms of educational background:

Account Resolution SpecialistBill Collector
Most common degreeBachelor's Degree, 39%High School Diploma, 27%
Most common majorBusinessBusiness
Most common college--

Account resolution specialist vs bill collector demographics

Here are the differences between account resolution specialists' and bill collectors' demographics:

Account Resolution SpecialistBill Collector
Average age4646
Gender ratioMale, 32.4% Female, 67.6%Male, 20.0% Female, 80.0%
Race ratioBlack or African American, 12.5% Unknown, 4.1% Hispanic or Latino, 18.9% Asian, 3.7% White, 60.4% American Indian and Alaska Native, 0.5%Black or African American, 11.8% Unknown, 4.0% Hispanic or Latino, 24.0% Asian, 3.5% White, 56.3% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between account resolution specialist and bill collector duties and responsibilities

Account resolution specialist example responsibilities.

  • Manage accounts for healthcare clients, review detailed patient information for payment resolution while abiding HIPPA privacy and security regulations.
  • Research and resolve complex customer accounts while adhering to department policies and procedures, as well as FDCPA guidelines.
  • Resolve outstanding patient accounts by an integrate team dynamic with office administrators, insurance companies and patients.
  • Insure office practices are in compliance with HIPAA regulations.
  • Review and correction of diagnosis codes, CPT codes and modifiers.
  • Advise clients/debtors of necessary actions and strategies for debt repayment while using FDCPA and other government regulations.
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Bill collector example responsibilities.

  • Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
  • Follow HIPPA and FDCPA guidelines to ensure legal collection practices are utilized.
  • Bill and collect all skil Medicare, and other insurance claims which include HMO claims denials.
  • Provide patients with information and resources essential to their financial needs including payment arrangements and account reminders.
  • Take payments by ACH and debit cards.
  • Collect A/R payments from medical insurance companies and customers.
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Account resolution specialist vs bill collector skills

Common account resolution specialist skills
  • Account Resolution, 17%
  • Outbound Calls, 12%
  • Inbound Calls, 10%
  • Account Balances, 10%
  • Patients, 10%
  • Federal Regulations, 8%
Common bill collector skills
  • Patients, 19%
  • Customer Service, 7%
  • Medicaid, 6%
  • Medical Billing, 4%
  • Patient Accounts, 4%
  • Appeals, 4%

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