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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 | Medical Collector | |
| Yearly salary | $34,872 | $36,235 |
| Hourly rate | $16.77 | $17.42 |
| Growth rate | -8% | -8% |
| Number of jobs | 23,948 | 73,797 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 31% | Bachelor's Degree, 24% |
| Average age | 46 | 46 |
| Years of experience | 12 | 12 |
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.
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.
Collectors and medical collectors have different pay scales, as shown below.
| Collector | Medical Collector | |
| Average salary | $34,872 | $36,235 |
| Salary range | Between $27,000 And $44,000 | Between $30,000 And $42,000 |
| Highest paying City | Los Angeles, CA | Arlington Heights, IL |
| Highest paying state | Alaska | Illinois |
| Best paying company | Uline | Addison Group |
| Best paying industry | Finance | Finance |
There are a few differences between a collector and a medical collector in terms of educational background:
| Collector | Medical Collector | |
| Most common degree | Bachelor's Degree, 31% | Bachelor's Degree, 24% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between collectors' and medical collectors' demographics:
| Collector | Medical Collector | |
| Average age | 46 | 46 |
| Gender ratio | Male, 36.0% Female, 64.0% | Male, 18.0% Female, 82.0% |
| Race ratio | Black 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 Percentage | 8% | 8% |