Data collection specialist vs collection analyst

The differences between data collection specialists and collection analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a data collection specialist and a collection analyst. Additionally, a collection analyst has an average salary of $46,819, which is higher than the $43,904 average annual salary of a data collection specialist.

The top three skills for a data collection specialist include data collection, computer database and data entry. The most important skills for a collection analyst are customer service, portfolio, and patients.

Data collection specialist vs collection analyst overview

	Data Collection Specialist	Collection Analyst
Yearly salary	$43,904	$46,819
Hourly rate	$21.11	$22.51
Growth rate	-8%	-8%
Number of jobs	95,839	28,967
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 46%	Bachelor's Degree, 55%
Average age	46	46
Years of experience	12	12

What does a data collection specialist do?

A Data Collection Specialist manages and collects the outstanding accounts receivables from customers and clients. Data Collection Specialists perform various duties that include monitoring all accounts daily, investigating historical data for receivables and debts, and processing refunds and payments. They also collaborate with data analysts to create presentations and surveys, write reports. Other duties include resolving customer credit issues, updating and recording accounts' status, and following up with clients on their overdue payments.

What does a collection analyst do?

Collections analysts assess the riskiness of a company or person in credit extension and repayment collection. The analysts manage data processing contract procurement negotiation. They help in the quarterly and yearly external and internal audits. It is part of their job to collect the first payment default and make sure that portfolios are inappropriate performance. They also act on collection calls for the area of responsibility assigned to them.

Data collection specialist vs collection analyst salary

Data collection specialists and collection analysts have different pay scales, as shown below.

	Data Collection Specialist	Collection Analyst
Average salary	$43,904	$46,819
Salary range	Between $27,000 And $70,000	Between $31,000 And $69,000
Highest paying City	-	Washington, DC
Highest paying state	-	Connecticut
Best paying company	-	American Tower
Best paying industry	-	Technology

Differences between data collection specialist and collection analyst education

There are a few differences between a data collection specialist and a collection analyst in terms of educational background:

	Data Collection Specialist	Collection Analyst
Most common degree	Bachelor's Degree, 46%	Bachelor's Degree, 55%
Most common major	Business	Business
Most common college	-	-

Data collection specialist vs collection analyst demographics

Here are the differences between data collection specialists' and collection analysts' demographics:

	Data Collection Specialist	Collection Analyst
Average age	46	46
Gender ratio	Male, 33.8% Female, 66.2%	Male, 37.7% Female, 62.3%
Race ratio	Black or African American, 14.5% Unknown, 4.1% Hispanic or Latino, 16.5% Asian, 3.8% White, 60.6% American Indian and Alaska Native, 0.5%	Black or African American, 13.9% Unknown, 4.2% Hispanic or Latino, 18.6% Asian, 4.0% White, 58.8% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between data collection specialist and collection analyst duties and responsibilities

Data collection specialist example responsibilities.

Manage and prepare pharmaceutical records for multiple FDA audits.
Enter proper diagnostic code (ICD-9), procedure codes (CPT) which patient is treated under.
Produce crime maps using GIS software.
Operate with strict adherence to data security practices in compliance with HIPPA.
Comply with HIPAA laws, contact doctors and hospital staff in gathering sensitive patient information.
Conduct medical and billing record requests, according to most recent and establish HIPAA privacy laws.

Collection analyst example responsibilities.

Represent and lead the collections' team during executive management weekly conference calls providing updates on the delinquent A/R reports.
Assist in reducing the DSO down and limit bad debt expense while focusing on building revenue.
Maintain customer relations while improving company DSO.
Work remittance advice from Medicaid and Medicare ensuring accuracy of payments, correcting account billing according with Medicaid or Medicare disposition.
Do credit checks for new clients with Dunn & Bradstreet along with Equifax.
Perform processing functions necessary to ensure timely and accurate DME billing.

Data collection specialist vs collection analyst skills

Common data collection specialist skills

Data Collection, 44%
Computer Database, 7%
Data Entry, 6%
Outbound Calls, 5%
Telephone Interviews, 4%
Authorization Forms, 3%

Common collection analyst skills

Customer Service, 16%
Portfolio, 9%
Patients, 5%
Customer Accounts, 5%
Delinquent Accounts, 4%
Reconciliations, 4%

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Data Collection Specialist vs Collection Analyst

Updated January 8, 2025

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