Claims collector vs debt collector

The differences between claims collectors and debt collectors 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 debt collector. Additionally, a claims collector has an average salary of $36,591, which is higher than the $33,865 average annual salary of a debt collector.

The top three skills for a claims collector include patients, appeals and medicaid. The most important skills for a debt collector are customer service, outbound calls, and payment arrangements.

Claims collector vs debt collector overview

	Claims Collector	Debt Collector
Yearly salary	$36,591	$33,865
Hourly rate	$17.59	$16.28
Growth rate	-8%	-8%
Number of jobs	19,142	23,385
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 34%	High School Diploma, 34%
Average age	46	46
Years of experience	12	12

Claims collector vs debt collector salary

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

	Claims Collector	Debt Collector
Average salary	$36,591	$33,865
Salary range	Between $30,000 And $43,000	Between $26,000 And $43,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	California
Best paying company	-	Mayor Ethan Berkowitz
Best paying industry	-	Construction

Differences between claims collector and debt collector education

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

	Claims Collector	Debt Collector
Most common degree	Bachelor's Degree, 34%	High School Diploma, 34%
Most common major	Business	Business
Most common college	-	-

Claims collector vs debt collector demographics

Here are the differences between claims collectors' and debt collectors' demographics:

	Claims Collector	Debt Collector
Average age	46	46
Gender ratio	Male, 15.8% Female, 84.2%	Male, 30.7% Female, 69.3%
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, 12.2% Unknown, 4.0% Hispanic or Latino, 20.0% Asian, 3.4% White, 59.9% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between claims collector and debt collector 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.

Debt collector example responsibilities.

Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
Work with FHA, obama programs at the time.
Educate customers on ways to get medical assistance such as Medicaid, Medicare etc.
Prevent foreclosure by putting people on repayment plans, submitting requests for modifications, or deed in lieu.
File Medicaid, Medicare and commercial claims consisting of PPO discounts, nurse practitioner discounts, humanitarian discounts, etc.
Maintain security and confidentiality of company and client information, following FDCPA regulations.

Claims collector vs debt collector skills

Common claims collector skills

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

Common debt collector skills

Customer Service, 9%
Outbound Calls, 9%
Payment Arrangements, 8%
Delinquent Accounts, 8%
Credit Card Payments, 6%
FDCPA, 5%