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Collector vs medical collector

The differences between collectors 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 collector and a medical collector. Additionally, a medical collector has an average salary of $36,235, 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 medical collector are patients, healthcare, and customer service.

Collector vs medical collector overview

CollectorMedical Collector
Yearly salary$34,872$36,235
Hourly rate$16.77$17.42
Growth rate-8%-8%
Number of jobs23,94873,797
Job satisfaction--
Most common degreeBachelor's Degree, 31%Bachelor's Degree, 24%
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 medical collector do?

A medical collector deals with collection of bills related to medical services. They handle healthcare-related debt, collect patient insurance information, and develop repayment plans to accommodate debtors that are unable to settle their accounts. Qualifications for this position include knowledge of accounting and training in insurance, business or finance.

Collector vs medical collector salary

Collectors and medical collectors have different pay scales, as shown below.

CollectorMedical Collector
Average salary$34,872$36,235
Salary rangeBetween $27,000 And $44,000Between $30,000 And $42,000
Highest paying CityLos Angeles, CAArlington Heights, IL
Highest paying stateAlaskaIllinois
Best paying companyUlineAddison Group
Best paying industryFinanceFinance

Differences between collector and medical collector education

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

CollectorMedical Collector
Most common degreeBachelor's Degree, 31%Bachelor's Degree, 24%
Most common majorBusinessBusiness
Most common college--

Collector vs medical collector demographics

Here are the differences between collectors' and medical collectors' demographics:

CollectorMedical Collector
Average age4646
Gender ratioMale, 36.0% Female, 64.0%Male, 18.0% Female, 82.0%
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, 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 collector and medical collector 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.
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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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Collector vs medical collector skills

Common collector skills
  • Patients, 14%
  • Customer Service, 10%
  • Payment Arrangements, 10%
  • Excellent Interpersonal, 9%
  • Delinquent Accounts, 8%
  • Student Loans, 5%
Common medical collector skills
  • Patients, 22%
  • Healthcare, 9%
  • Customer Service, 7%
  • Medical Collections, 5%
  • Appeals, 5%
  • Medicaid, 4%

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