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Collections assistant vs account specialist

The differences between collections assistants 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 collections assistant and an account specialist. Additionally, an account specialist has an average salary of $42,586, which is higher than the $38,063 average annual salary of a collections assistant.

The top three skills for a collections assistant include patients, data collection and delinquent accounts. The most important skills for an account specialist are customer service, patients, and account management.

Collections assistant vs account specialist overview

Collections AssistantAccount Specialist
Yearly salary$38,063$42,586
Hourly rate$18.30$20.47
Growth rate-8%-8%
Number of jobs11,335116,010
Job satisfaction--
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 54%
Average age4646
Years of experience1212

Collections assistant vs account specialist salary

Collections assistants and account specialists have different pay scales, as shown below.

Collections AssistantAccount Specialist
Average salary$38,063$42,586
Salary rangeBetween $29,000 And $48,000Between $28,000 And $62,000
Highest paying CityNew Haven, CTWashington, DC
Highest paying stateConnecticutVirginia
Best paying companyCalvin KleinMicrosoft
Best paying industryHealth CareFinance

Differences between collections assistant and account specialist education

There are a few differences between a collections assistant and an account specialist in terms of educational background:

Collections AssistantAccount Specialist
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 54%
Most common majorBusinessBusiness
Most common college--

Collections assistant vs account specialist demographics

Here are the differences between collections assistants' and account specialists' demographics:

Collections AssistantAccount Specialist
Average age4646
Gender ratioMale, 27.7% Female, 72.3%Male, 32.2% Female, 67.8%
Race ratioBlack or African American, 12.4% Unknown, 4.2% Hispanic or Latino, 19.8% Asian, 3.9% White, 59.3% 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 collections assistant and account specialist duties and responsibilities

Collections assistant example responsibilities.

  • Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
  • Maintain confidential donor records in accordance with HIPAA.
  • Adhere to FDCPA guidelines pertaining to all telephone contacts.
  • Submit claims to Medicare and Medicaid and third party commercial plans.
  • Assist customers in all areas regarding their accounts while complying with FDCPA regulations.
  • Promote employee safety and compliance of all government federal regulations including OSHA and HIPAA.
  • 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

Collections assistant vs account specialist skills

Common collections assistant skills
  • Patients, 17%
  • Data Collection, 13%
  • Delinquent Accounts, 5%
  • Collection Calls, 5%
  • Collection Agencies, 5%
  • Medicaid, 4%
Common account specialist skills
  • Customer Service, 25%
  • Patients, 13%
  • Account Management, 6%
  • PowerPoint, 4%
  • Data Entry, 4%
  • Catheter, 3%

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