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Debt collector vs medical collector

The differences between debt 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 debt collector and a medical collector. Additionally, a medical collector has an average salary of $36,235, which is higher than the $33,865 average annual salary of a debt collector.

The top three skills for a debt collector include customer service, outbound calls and payment arrangements. The most important skills for a medical collector are patients, healthcare, and customer service.

Debt collector vs medical collector overview

Debt CollectorMedical Collector
Yearly salary$33,865$36,235
Hourly rate$16.28$17.42
Growth rate-8%-8%
Number of jobs23,38573,797
Job satisfaction--
Most common degreeHigh School Diploma, 34%Bachelor's Degree, 24%
Average age4646
Years of experience1212

What does a debt collector do?

Debt collectors are also known as collection agencies and are responsible for recovering past due debts. Most of them are hired by companies to collect debt either for a fee or a percentage of the total amount recovered. Also, some debt collectors buy delinquent debts at a discount and seek to collect the debt's full amount. They have many strategies to collect debts, including calling debtor's phones, sending letters, and even visiting them at their home. However, if debtors fail to pay their due, debt collectors can either update the debtor's credit report or sue them over debt. Once sued and debtors ignore court hearings and lose by default, results could either be garnishment on debtor'debtors' wages or levies on their bank.

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.

Debt collector vs medical collector salary

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

Debt CollectorMedical Collector
Average salary$33,865$36,235
Salary rangeBetween $26,000 And $43,000Between $30,000 And $42,000
Highest paying CitySan Francisco, CAArlington Heights, IL
Highest paying stateCaliforniaIllinois
Best paying companyMayor Ethan BerkowitzAddison Group
Best paying industryConstructionFinance

Differences between debt collector and medical collector education

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

Debt CollectorMedical Collector
Most common degreeHigh School Diploma, 34%Bachelor's Degree, 24%
Most common majorBusinessBusiness
Most common college--

Debt collector vs medical collector demographics

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

Debt CollectorMedical Collector
Average age4646
Gender ratioMale, 30.7% Female, 69.3%Male, 18.0% Female, 82.0%
Race ratioBlack or African American, 12.2% Unknown, 4.0% Hispanic or Latino, 20.0% Asian, 3.4% White, 59.9% 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 debt collector and medical collector duties and responsibilities

Debt collector example responsibilities.

  • Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
  • Work with FHA, obama programs at the time.
  • Educate customers on ways to get medical assistance such as Medicaid, Medicare etc.
  • Prevent foreclosure by putting people on repayment plans, submitting requests for modifications, or deed in lieu.
  • File Medicaid, Medicare and commercial claims consisting of PPO discounts, nurse practitioner discounts, humanitarian discounts, etc.
  • Maintain security and confidentiality of company and client information, following FDCPA regulations.
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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.
  • Show more

Debt collector vs medical collector skills

Common debt collector skills
  • Customer Service, 9%
  • Outbound Calls, 9%
  • Payment Arrangements, 8%
  • Delinquent Accounts, 8%
  • Credit Card Payments, 6%
  • FDCPA, 5%
Common medical collector skills
  • Patients, 22%
  • Healthcare, 9%
  • Customer Service, 7%
  • Medical Collections, 5%
  • Appeals, 5%
  • Medicaid, 4%

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