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Collection team lead vs medical collector

The differences between collection team leads and medical 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 medical collector. Additionally, a collection team lead has an average salary of $68,868, which is higher than the $36,235 average annual salary of a medical collector.

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

Collection team lead vs medical collector overview

Collection Team LeadMedical Collector
Yearly salary$68,868$36,235
Hourly rate$33.11$17.42
Growth rate-8%-8%
Number of jobs29,38673,797
Job satisfaction--
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 24%
Average age4646
Years of experience1212

Collection team lead vs medical collector salary

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

Collection Team LeadMedical Collector
Average salary$68,868$36,235
Salary rangeBetween $48,000 And $98,000Between $30,000 And $42,000
Highest paying City-Arlington Heights, IL
Highest paying state-Illinois
Best paying company-Addison Group
Best paying industry-Finance

Differences between collection team lead and medical collector education

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

Collection Team LeadMedical Collector
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 24%
Most common majorBusinessBusiness
Most common college--

Collection team lead vs medical collector demographics

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

Collection Team LeadMedical Collector
Average age4646
Gender ratioMale, 42.9% Female, 57.1%Male, 18.0% Female, 82.0%
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, 13.6% Unknown, 3.9% Hispanic or Latino, 22.6% Asian, 3.3% White, 56.1% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between collection team lead and medical 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.
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Medical collector example responsibilities.

  • Use EMR software to manage patient records and files; reinforce and uphold patient confidentiality as required by HIPAA and clinic.
  • Perform as a mediator between insurance companies and patients collecting nationwide extensive medical bills.
  • Utilize A/R reports and identify accounts that are past payments.
  • Maintain a filing system of clients' medical records and disclosure following HIPPA guidelines.
  • Post appropriate adjustment types and carrier payments to accounts for true A/R account balance reflection.
  • Maintain strict confidentiality; adhering to all HIPAA guidelines/regulations.
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Collection team lead vs medical 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 medical collector skills
  • Patients, 22%
  • Healthcare, 9%
  • Customer Service, 7%
  • Medical Collections, 5%
  • Appeals, 5%
  • Medicaid, 4%

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