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Collector vs collections coordinator

The differences between collectors and collections coordinators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a collector and a collections coordinator. Additionally, a collections coordinator has an average salary of $37,938, which is higher than the $34,872 average annual salary of a collector.

The top three skills for a collector include patients, customer service and payment arrangements. The most important skills for a collections coordinator are customer service, patients, and phone calls.

Collector vs collections coordinator overview

CollectorCollections Coordinator
Yearly salary$34,872$37,938
Hourly rate$16.77$18.24
Growth rate-8%-8%
Number of jobs23,94840,113
Job satisfaction--
Most common degreeBachelor's Degree, 31%Bachelor's Degree, 48%
Average age4646
Years of experience1212

What does a collector do?

Collectors are responsible for monitoring and providing immediate actions for client accounts with overdue payments. Collectors must be able to contact clients through phone or e-mail. A collector's duty also includes negotiating on payment procedures and offering repayment plans and alternative payment solutions to free the debt. Collectors need to document any agreements made to the client, updating and verifying contact information, resolving account discrepancies and client complaints, and report escalated concerns to the management.

What does a collections coordinator do?

Usually working alongside a company's account receivables team, a collections coordinator is in charge of developing strategies to optimize the payment collection operations. Among their responsibilities include reaching out to clients through calls or correspondence to remind them of their payment obligations, arranging appointments, processing payments, arranging payment terms, and researching a client's communication information such as cellphone number, address, or email. Moreover, a collections coordinator must maintain an active communication line with staff while promoting and enforcing the company's policies and regulations.

Collector vs collections coordinator salary

Collectors and collections coordinators have different pay scales, as shown below.

CollectorCollections Coordinator
Average salary$34,872$37,938
Salary rangeBetween $27,000 And $44,000Between $30,000 And $47,000
Highest paying CityLos Angeles, CANew York, NY
Highest paying stateAlaskaConnecticut
Best paying companyUlineUniversity of California, Berkeley
Best paying industryFinanceProfessional

Differences between collector and collections coordinator education

There are a few differences between a collector and a collections coordinator in terms of educational background:

CollectorCollections Coordinator
Most common degreeBachelor's Degree, 31%Bachelor's Degree, 48%
Most common majorBusinessBusiness
Most common college--

Collector vs collections coordinator demographics

Here are the differences between collectors' and collections coordinators' demographics:

CollectorCollections Coordinator
Average age4646
Gender ratioMale, 36.0% Female, 64.0%Male, 26.6% Female, 73.4%
Race ratioBlack 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%Black or African American, 12.1% Unknown, 4.1% Hispanic or Latino, 20.8% Asian, 3.6% White, 59.0% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between collector and collections coordinator duties and responsibilities

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

Collections coordinator example responsibilities.

  • Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
  • Manage accounts receivable/payment, insurance billing and follow-up for a solo physician clinic, and direct communication with patients regarding bills.
  • Audit outstanding accounts and resolve any balances including calling Medicare, Medicaid, government, private or commercial insurances.
  • Perform daily follow-up on Medicare, Medicaid, workers compensation and commercial insurances.
  • Hand illustrate fully render with marker and colore pencil sketches and Photoshop render drawings.
  • Submit insurance appeals and provider disputes when necessary.
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Collector vs collections coordinator skills

Common collector skills
  • Patients, 14%
  • Customer Service, 10%
  • Payment Arrangements, 10%
  • Excellent Interpersonal, 9%
  • Delinquent Accounts, 8%
  • Student Loans, 5%
Common collections coordinator skills
  • Customer Service, 15%
  • Patients, 12%
  • Phone Calls, 6%
  • Collection Efforts, 4%
  • Delinquent Accounts, 4%
  • Appeals, 4%

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