Claims collector vs collection analyst

The differences between claims collectors and collection analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a claims collector and a collection analyst. Additionally, a collection analyst has an average salary of $46,819, which is higher than the $36,591 average annual salary of a claims collector.

The top three skills for a claims collector include patients, appeals and medicaid. The most important skills for a collection analyst are customer service, portfolio, and patients.

Claims collector vs collection analyst overview

	Claims Collector	Collection Analyst
Yearly salary	$36,591	$46,819
Hourly rate	$17.59	$22.51
Growth rate	-8%	-8%
Number of jobs	19,142	28,967
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 34%	Bachelor's Degree, 55%
Average age	46	46
Years of experience	12	12

Claims collector vs collection analyst salary

Claims collectors and collection analysts have different pay scales, as shown below.

	Claims Collector	Collection Analyst
Average salary	$36,591	$46,819
Salary range	Between $30,000 And $43,000	Between $31,000 And $69,000
Highest paying City	-	Washington, DC
Highest paying state	-	Connecticut
Best paying company	-	American Tower
Best paying industry	-	Technology

Differences between claims collector and collection analyst education

There are a few differences between a claims collector and a collection analyst in terms of educational background:

	Claims Collector	Collection Analyst
Most common degree	Bachelor's Degree, 34%	Bachelor's Degree, 55%
Most common major	Business	Business
Most common college	-	-

Claims collector vs collection analyst demographics

Here are the differences between claims collectors' and collection analysts' demographics:

	Claims Collector	Collection Analyst
Average age	46	46
Gender ratio	Male, 15.8% Female, 84.2%	Male, 37.7% Female, 62.3%
Race ratio	Black or African American, 14.1% Unknown, 4.0% Hispanic or Latino, 19.5% Asian, 3.5% White, 58.4% American Indian and Alaska Native, 0.5%	Black or African American, 13.9% Unknown, 4.2% Hispanic or Latino, 18.6% Asian, 4.0% White, 58.8% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between claims collector and collection analyst duties and responsibilities

Claims collector example responsibilities.

Monitor all assign accounts by reviewing the client's aging, manage all potential bad debit, DSO, aging.
Operate under HIPPA guidelines for all collection activities.
Maintain strict confidentiality and adhere to HIPPA policies.
Maintain high- standards of confidentiality per HIPAA guidelines.
Review and resubmits denials from Medicaid, Medicare and private health insurance.
Research and resolve denials and EOB rejections within standard billing cycle timeframe.

Collection analyst example responsibilities.

Represent and lead the collections' team during executive management weekly conference calls providing updates on the delinquent A/R reports.
Assist in reducing the DSO down and limit bad debt expense while focusing on building revenue.
Maintain customer relations while improving company DSO.
Work remittance advice from Medicaid and Medicare ensuring accuracy of payments, correcting account billing according with Medicaid or Medicare disposition.
Do credit checks for new clients with Dunn & Bradstreet along with Equifax.
Perform processing functions necessary to ensure timely and accurate DME billing.

Claims collector vs collection analyst skills

Common claims collector skills

Patients, 27%
Appeals, 11%
Medicaid, 10%
Medical Insurance Claims, 8%
EOB, 6%
Outbound Calls, 5%

Common collection analyst skills

Customer Service, 16%
Portfolio, 9%
Patients, 5%
Customer Accounts, 5%
Delinquent Accounts, 4%
Reconciliations, 4%