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Account resolution specialist vs medical collector

The differences between account resolution specialists and medical 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 medical collector. Additionally, a medical collector has an average salary of $36,235, which is higher than the $35,602 average annual salary of an account resolution specialist.

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

Account resolution specialist vs medical collector overview

Account Resolution SpecialistMedical Collector
Yearly salary$35,602$36,235
Hourly rate$17.12$17.42
Growth rate-8%-8%
Number of jobs87,71373,797
Job satisfaction--
Most common degreeBachelor's Degree, 39%Bachelor's Degree, 24%
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 medical collector do?

A medical collector deals with collection of bills related to medical services. They handle healthcare-related debt, collect patient insurance information, and develop repayment plans to accommodate debtors that are unable to settle their accounts. Qualifications for this position include knowledge of accounting and training in insurance, business or finance.

Account resolution specialist vs medical collector salary

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

Account Resolution SpecialistMedical Collector
Average salary$35,602$36,235
Salary rangeBetween $29,000 And $43,000Between $30,000 And $42,000
Highest paying CityHartford, CTArlington Heights, IL
Highest paying stateConnecticutIllinois
Best paying companyAmerican ExpressAddison Group
Best paying industryFinanceFinance

Differences between account resolution specialist and medical collector education

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

Account Resolution SpecialistMedical Collector
Most common degreeBachelor's Degree, 39%Bachelor's Degree, 24%
Most common majorBusinessBusiness
Most common college--

Account resolution specialist vs medical collector demographics

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

Account Resolution SpecialistMedical Collector
Average age4646
Gender ratioMale, 32.4% Female, 67.6%Male, 18.0% Female, 82.0%
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, 13.6% Unknown, 3.9% Hispanic or Latino, 22.6% Asian, 3.3% White, 56.1% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between account resolution specialist and medical 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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Medical collector example responsibilities.

  • Use EMR software to manage patient records and files; reinforce and uphold patient confidentiality as required by HIPAA and clinic.
  • Perform as a mediator between insurance companies and patients collecting nationwide extensive medical bills.
  • Utilize A/R reports and identify accounts that are past payments.
  • Maintain a filing system of clients' medical records and disclosure following HIPPA guidelines.
  • Post appropriate adjustment types and carrier payments to accounts for true A/R account balance reflection.
  • Maintain strict confidentiality; adhering to all HIPAA guidelines/regulations.
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Account resolution specialist vs medical 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 medical collector skills
  • Patients, 22%
  • Healthcare, 9%
  • Customer Service, 7%
  • Medical Collections, 5%
  • Appeals, 5%
  • Medicaid, 4%

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