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Collections assistant vs collections specialist

The differences between collections assistants and collections 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 a collections specialist. Additionally, a collections assistant has an average salary of $38,063, which is higher than the $35,164 average annual salary of a collections specialist.

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

Collections assistant vs collections specialist overview

Collections AssistantCollections Specialist
Yearly salary$38,063$35,164
Hourly rate$18.30$16.91
Growth rate-8%-8%
Number of jobs11,33540,277
Job satisfaction--
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 34%
Average age4646
Years of experience1212

Collections assistant vs collections specialist salary

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

Collections AssistantCollections Specialist
Average salary$38,063$35,164
Salary rangeBetween $29,000 And $48,000Between $27,000 And $45,000
Highest paying CityNew Haven, CTBoston, MA
Highest paying stateConnecticutConnecticut
Best paying companyCalvin KleinKent Daniels & Associates
Best paying industryHealth CareFinance

Differences between collections assistant and collections specialist education

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

Collections AssistantCollections Specialist
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 34%
Most common majorBusinessBusiness
Most common college--

Collections assistant vs collections specialist demographics

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

Collections AssistantCollections Specialist
Average age4646
Gender ratioMale, 27.7% Female, 72.3%Male, 30.5% Female, 69.5%
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, 12.2% Unknown, 4.1% Hispanic or Latino, 18.5% Asian, 3.7% White, 61.0% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between collections assistant and collections 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.
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Collections specialist example responsibilities.

  • Manage university A/R processes and enforce tuition payment policy.
  • Manage accounts for healthcare clients, review detailed patient information for payment resolution while abiding HIPPA privacy and security regulations.
  • Review denied Medicare and Maine Medicaid insurance claims for accuracy.
  • Analyze hospital insurance claims of individual patients for errors and contact major insurance carriers for claims dispute resolution.
  • Analyze accounts for patients ineligible for private insurance, Medicare or Medicaid and indicating inability to pay balance.
  • Possess effective persuasion and negotiation skills, excellent interpersonal and communications skills with the ability to deliver quality customer service.
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Collections assistant vs collections specialist skills

Common collections assistant skills
  • Patients, 17%
  • Data Collection, 13%
  • Delinquent Accounts, 5%
  • Collection Calls, 5%
  • Collection Agencies, 5%
  • Medicaid, 4%
Common collections specialist skills
  • Customer Service, 23%
  • Patients, 8%
  • Customer Accounts, 6%
  • Payment Arrangements, 5%
  • Delinquent Accounts, 4%
  • Phone Calls, 4%

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