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Collection team lead vs collector

The differences between collection team leads and 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 collection team lead and a collector. Additionally, a collection team lead has an average salary of $68,868, which is higher than the $34,872 average annual salary of a collector.

The top three skills for a collection team lead include customer service, credit card and delinquent accounts. The most important skills for a collector are patients, customer service, and payment arrangements.

Collection team lead vs collector overview

Collection Team LeadCollector
Yearly salary$68,868$34,872
Hourly rate$33.11$16.77
Growth rate-8%-8%
Number of jobs29,38623,948
Job satisfaction--
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 31%
Average age4646
Years of experience1212

Collection team lead vs collector salary

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

Collection Team LeadCollector
Average salary$68,868$34,872
Salary rangeBetween $48,000 And $98,000Between $27,000 And $44,000
Highest paying City-Los Angeles, CA
Highest paying state-Alaska
Best paying company-Uline
Best paying industry-Finance

Differences between collection team lead and collector education

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

Collection Team LeadCollector
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 31%
Most common majorBusinessBusiness
Most common college--

Collection team lead vs collector demographics

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

Collection Team LeadCollector
Average age4646
Gender ratioMale, 42.9% Female, 57.1%Male, 36.0% Female, 64.0%
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, 12.1% Unknown, 4.1% Hispanic or Latino, 20.1% Asian, 3.8% White, 59.5% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between collection team lead and collector 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

Collector example responsibilities.

  • Manage patient focuse reports, collection modules, provider/facility A/R, collections, patient discharge letters.
  • Monitor all assign accounts by reviewing the client's aging, manage all potential bad debit, DSO, aging.
  • Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
  • Provide customer service via telephone and correspondence for patients and authorize representatives regarding outstanding patient accounts in accordance with facility protocol.
  • Verify and run eligibility on the following insurance, Medi-Cal, Medi-Cal HMO, Medicare, Medicare HMO.
  • Provide excellent customer service while following HIPPA confidentiality laws.
  • Show more

Collection team lead vs collector skills

Common collection team lead skills
  • Customer Service, 14%
  • Credit Card, 7%
  • Delinquent Accounts, 6%
  • Payment Arrangements, 6%
  • FDCPA, 4%
  • Debt Repayment, 4%
Common collector skills
  • Patients, 14%
  • Customer Service, 10%
  • Payment Arrangements, 10%
  • Excellent Interpersonal, 9%
  • Delinquent Accounts, 8%
  • Student Loans, 5%

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