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Collection team lead vs account representative

The differences between collection team leads 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 team lead and an account representative. Additionally, a collection team lead has an average salary of $68,868, which is higher than the $36,977 average annual salary of an account representative.

The top three skills for a collection team lead include customer service, credit card and delinquent accounts. The most important skills for an account representative are customer service, patients, and patient accounts.

Collection team lead vs account representative overview

Collection Team LeadAccount Representative
Yearly salary$68,868$36,977
Hourly rate$33.11$17.78
Growth rate-8%-8%
Number of jobs29,386183,446
Job satisfaction--
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 52%
Average age4646
Years of experience1212

Collection team lead vs account representative salary

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

Collection Team LeadAccount Representative
Average salary$68,868$36,977
Salary rangeBetween $48,000 And $98,000Between $26,000 And $51,000
Highest paying City-Los Angeles, CA
Highest paying state-California
Best paying company-New Relic
Best paying industry-Finance

Differences between collection team lead and account representative education

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

Collection Team LeadAccount Representative
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common college--

Collection team lead vs account representative demographics

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

Collection Team LeadAccount Representative
Average age4646
Gender ratioMale, 42.9% Female, 57.1%Male, 33.6% Female, 66.4%
Race ratioBlack or African American, 13.0% Unknown, 4.0% Hispanic or Latino, 18.9% Asian, 3.6% White, 59.9% 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 team lead and account representative duties and responsibilities

Collection team lead example responsibilities.

  • Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
  • Receive and distribute ACH forms receive form all lots.
  • Assist consumers in money and behavior managements and ensures HIPAA compliance
  • Collect monies from Medicaid, Medicare, VA and various other third party payers.
  • Perform insurance follow up on account receivables of Medicare, Medicaid and private health insurance claims to expedite claim reimbursement.
  • Negotiate payments resolutions for delinquent customers to become current while using professionalism, and adhering to all applicable FDCPA collection laws.
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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.
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Collection team lead vs account representative skills

Common collection team lead skills
  • Customer Service, 14%
  • Credit Card, 7%
  • Delinquent Accounts, 6%
  • Payment Arrangements, 6%
  • FDCPA, 4%
  • Debt Repayment, 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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