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Collection analyst vs account representative

The differences between collection analysts and account representatives can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a collection analyst and an account representative. Additionally, a collection analyst has an average salary of $46,819, which is higher than the $36,977 average annual salary of an account representative.

The top three skills for a collection analyst include customer service, portfolio and patients. The most important skills for an account representative are customer service, patients, and patient accounts.

Collection analyst vs account representative overview

Collection AnalystAccount Representative
Yearly salary$46,819$36,977
Hourly rate$22.51$17.78
Growth rate-8%-8%
Number of jobs28,967183,446
Job satisfaction--
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 52%
Average age4646
Years of experience1212

What does a collection analyst do?

Collections analysts assess the riskiness of a company or person in credit extension and repayment collection. The analysts manage data processing contract procurement negotiation. They help in the quarterly and yearly external and internal audits. It is part of their job to collect the first payment default and make sure that portfolios are inappropriate performance. They also act on collection calls for the area of responsibility assigned to them.

What does an account representative do?

Account representatives are employees who manage client accounts and act as the main contact of the clients they are handling. They maintain existing accounts by updating client details regularly. They also check up on clients to see if they are still satisfied with the products or services of the company. They also create new accounts by welcoming new clients and assisting them in their needs. Account representatives manage client inquiries and process client requests. They also address complaints and ensure that any challenges are mitigated and that clients remain with the company.

Collection analyst vs account representative salary

Collection analysts and account representatives have different pay scales, as shown below.

Collection AnalystAccount Representative
Average salary$46,819$36,977
Salary rangeBetween $31,000 And $69,000Between $26,000 And $51,000
Highest paying CityWashington, DCLos Angeles, CA
Highest paying stateConnecticutCalifornia
Best paying companyAmerican TowerNew Relic
Best paying industryTechnologyFinance

Differences between collection analyst and account representative education

There are a few differences between a collection analyst and an account representative in terms of educational background:

Collection AnalystAccount Representative
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common college--

Collection analyst vs account representative demographics

Here are the differences between collection analysts' and account representatives' demographics:

Collection AnalystAccount Representative
Average age4646
Gender ratioMale, 37.7% Female, 62.3%Male, 33.6% Female, 66.4%
Race ratioBlack 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%Black or African American, 12.5% Unknown, 4.2% Hispanic or Latino, 17.3% Asian, 3.9% White, 61.6% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between collection analyst and account representative duties and responsibilities

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.

Account representative example responsibilities.

  • Manage all billing accounts including Medicare/Medicaid, HMO and individual accounts.
  • Manage the daily correspondence from assign practices with keeping doctor/patient confidentiality under consideration along with HIPPA regulations.
  • Manage and maintain an internal database system to generate reports and produce accurate account information for patients and insurance companies.
  • Educate physicians to use current ICD-9 diagnostic coding and preparation to begin ICD-10 coding requirements.
  • Analyze health care insurance/litigation patient account files to resolve outstanding and delinquent accounts due to the healthcare client.
  • Promote ThermoCool SmartTouch ablation catheter device to electrophysiologists.
  • Show more

Collection analyst vs account representative skills

Common collection analyst skills
  • Customer Service, 16%
  • Portfolio, 9%
  • Patients, 5%
  • Customer Accounts, 5%
  • Delinquent Accounts, 4%
  • Reconciliations, 4%
Common account representative skills
  • Customer Service, 21%
  • Patients, 18%
  • Patient Accounts, 5%
  • Data Entry, 3%
  • Medicaid, 3%
  • Customer Satisfaction, 3%

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