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Collector of internal revenue vs medical collector

The differences between collectors of internal revenue 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 of internal revenue and a medical collector. Additionally, a collector of internal revenue has an average salary of $36,264, which is higher than the $36,235 average annual salary of a medical collector.

The top three skills for a collector of internal revenue include payment arrangements, legal guidelines and due payments. The most important skills for a medical collector are patients, healthcare, and customer service.

Collector of internal revenue vs medical collector overview

Collector Of Internal RevenueMedical Collector
Yearly salary$36,264$36,235
Hourly rate$17.43$17.42
Growth rate-8%-8%
Number of jobs13,93573,797
Job satisfaction--
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 24%
Average age4646
Years of experience1212

Collector of internal revenue vs medical collector salary

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

Collector Of Internal RevenueMedical Collector
Average salary$36,264$36,235
Salary rangeBetween $29,000 And $45,000Between $30,000 And $42,000
Highest paying City-Arlington Heights, IL
Highest paying state-Illinois
Best paying company-Addison Group
Best paying industry-Finance

Differences between collector of internal revenue and medical collector education

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

Collector Of Internal RevenueMedical Collector
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 24%
Most common majorBusinessBusiness
Most common college--

Collector of internal revenue vs medical collector demographics

Here are the differences between collectors of internal revenue' and medical collectors' demographics:

Collector Of Internal RevenueMedical Collector
Average age4646
Gender ratioMale, 42.4% Female, 57.6%Male, 18.0% Female, 82.0%
Race ratioBlack or African American, 14.8% Unknown, 3.5% Hispanic or Latino, 16.7% Asian, 2.6% White, 61.9% 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 of internal revenue and medical collector duties and responsibilities

Collector of internal revenue example responsibilities.

  • Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
  • Disconnect and restore cable services.
  • Follow strict guidelines incorporate by FDCPA.
  • Integrate FDCPA regulations and guidelines in every call.
  • Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
  • Secure modification documents including HAMP and bank require documents.

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.
  • Show more

Collector of internal revenue vs medical collector skills

Common collector of internal revenue skills
  • Payment Arrangements, 44%
  • Legal Guidelines, 33%
  • Due Payments, 19%
  • Past Due Accounts, 5%
Common medical collector skills
  • Patients, 22%
  • Healthcare, 9%
  • Customer Service, 7%
  • Medical Collections, 5%
  • Appeals, 5%
  • Medicaid, 4%

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