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Collection team lead vs account specialist

The differences between collection team leads and account specialists 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 specialist. Additionally, a collection team lead has an average salary of $68,868, which is higher than the $42,586 average annual salary of an account specialist.

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

Collection team lead vs account specialist overview

Collection Team LeadAccount Specialist
Yearly salary$68,868$42,586
Hourly rate$33.11$20.47
Growth rate-8%-8%
Number of jobs29,386116,010
Job satisfaction--
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 54%
Average age4646
Years of experience1212

Collection team lead vs account specialist salary

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

Collection Team LeadAccount Specialist
Average salary$68,868$42,586
Salary rangeBetween $48,000 And $98,000Between $28,000 And $62,000
Highest paying City-Washington, DC
Highest paying state-Virginia
Best paying company-Microsoft
Best paying industry-Finance

Differences between collection team lead and account specialist education

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

Collection Team LeadAccount Specialist
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 54%
Most common majorBusinessBusiness
Most common college--

Collection team lead vs account specialist demographics

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

Collection Team LeadAccount Specialist
Average age4646
Gender ratioMale, 42.9% Female, 57.1%Male, 32.2% Female, 67.8%
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, 13.2% Unknown, 4.1% Hispanic or Latino, 17.8% Asian, 3.7% White, 60.8% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between collection team lead and account specialist 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.
  • Show more

Account specialist example responsibilities.

  • Cultivate productive long-term relationships with all assign accounts, and manage all reporting and presentation needs for RFP's.
  • Manage a portfolio of accounts end to end RFP program execution inclusive of pricing, contracting, process and technology solutions.
  • Manage the daily correspondence from assign practices with keeping doctor/patient confidentiality under consideration along with HIPPA regulations.
  • Deliver exceptional customer service to hospital accounts and internal sales representatives in accordance to revenue recognition policies and HIPAA regulations.
  • Experience with CMS 1500 and UB-04 claims using HCPC/CPT codes as well as NDC codes
  • Monitor CMS and real time aux codes.
  • Show more

Collection team lead vs account specialist 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 specialist skills
  • Customer Service, 25%
  • Patients, 13%
  • Account Management, 6%
  • PowerPoint, 4%
  • Data Entry, 4%
  • Catheter, 3%

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